Brocade Communications (BRCD) Reports In-Line Q2 EPS; Issues Light Q3 Revenue Outlook
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Brocade (BRCD) Posts Another Storage Miss, BMO Capital Notes; EPS Estimates Lifted Despite Lower Revenues
May 22, 2015 8:17 AM EDTBMO Capital analyst Keith Bachman reiterated a Market Perform rating and $13 price target on Brocade (NASDAQ: BRCD) following Q2 results and another storage miss.
The firm notes BRCD's storage revenue is down 1.4% y/y in the 1HFY15, and is expected to be down 4% y/y at the midpoint in the July quarter. Assuming normal... More
