Canaccord Adams Initiates Coverage on Brocade Communications (BRCD) with a Buy
More News related to BRCD
- Brocade to Announce Fourth Quarter and Fiscal Year 2009 Results
- Piper Jaffray Maintains an 'Overweight' on NetLogic Microsystems (NETL); Recent Pullback Presents Buying Opportunity
- Brocade Awarded Storage Networking Design Win for Microsoft SQL Server 2008 Data Warehouse Reference Architectures
- Brocade Joins Forces with Oracle to Provide Multiple Solution Sets for Oracle Database and Application Suites
- Brocade Offers Next-Day Limited Lifetime Warranty on Select IP Products
More News related to JNPR
- Juniper Networks Showcases Breakthrough Performance Capabilities for its Junos(R) Trio Chipset with Test from EANTC
- Juniper Networks Announces the Dates and Webcast Information of Upcoming Investor Events for November 2009
- Stifel Nicolaus Upgrades Juniper Networks (JNPR) to Buy
- Company Profile for Juniper Networks
- Juniper Chooses Synopsys as Its Primary EDA Partner
Canaccord Adams initiates coverage on Brocade Communications (Nasdaq: BRCD) with a Buy. Price target $10
Canaccord analyst says, "When comparing Brocade to its now closest competitor Juniper (Nasdaq: JNPR), we point out the following: 1) both largely are duopolistic in their core business, with comparable margin profiles; 2) routing offers more upside than FC switching (vs. today), but is far more volatile (carrier capex vs. storage spending); and 3) at worst, Brocade and Juniper are evenly matched in their Ethernet switch market positioning. Juniper trades at approximately 26x 2010E (depressed EPS) while Brocade trades at 11x (depressed EPS). Our 15x C2010E Brocade multiple represents nearly a 40% discount to Juniper’s multi-year median, leaving a generous amount of upside potential, in our view."
To see more analyst ratings on BRCD Click Here.
Brocade Communications Systems, Inc. (Brocade) is a supplier of data center networking solutions that help enterprises connect and manage their information.
Related Categories
New CoverageStocks Mentioned
-0.12
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
