Brocade (BRCD) volatility flat into Q2 results and outlook

Brocade (Nasdaq: BRCD) is expected to lease Q2 results on May 19. BMO Capital has a $7.25 price target with a Market Perform rating on BRCD. Overall option implied volatility of 48 is near its six-month average according to Track Data, suggesting non-directional price movement.

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