Cantor Fitzgerald Upgrades Brocade (BRCD) to Buy; Improving Balance Sheet & Market Share Gains

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Cantor Fitzgerald upgraded Brocade (NASDAQ: BRCD) from to Buy with a price target of $6.00 (from $5.50).

Analyst, Paul Mansky, said, "Market share gains in high-margin Fibre Channel are expected throughout the year, given time to market lead in 16Gb. Meanwhile, Ethernet expectations are fully deflated. With a refresh of previously stagnant campus products, easing comparisons in November, and potentially greater sponsorship from EMC (NYSE: EMC), Ethernet carries neutral to positive risk - better than the last several years."

For an analyst ratings summary and ratings history on Brocade click here. For more ratings news on Brocade click here.

Shares of Brocade closed at $4.65 yesterday, with a 52 week range of $3.18-$6.95.

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