Brocade Communications (BRCD) Guides Q1 EPS, Revenue Below Expectations

Brocade (BRCD) Guidance Well Below Street Consensus, Piper Jaffray Notes; Numbers Lowered

Piper Jaffray analyst Andrew Nowinski lowered estimates and his price target on Neutral-rated Brocade (NASDAQ: BRCD) to $10.00 (from $11.00) following Q4 results and lower guidance after the close.

Brocade has had a history of meeting or slightly beating estimates then guiding below consensus to keep the bar low but this quarter, the drop in operating margin is likely to have analysts worried. Revenue guidance was 4% below consensus but getting to consensus EPS had required an operating margin of 26.8%, now guidance is for 24-25.5% so if revenue... More

JPMorgan Downgrades Brocade (BRCD) to Neutral

JPMorgan downgraded Brocade (NASDAQ: BRCD) from Overweight to Neutral with a price target of $9.00 (from $14.00).

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 $10.09 yesterday.

Brocade Communications (BRCD) Declares $0.045 Quarterly Dividend; 1.8% Yield

Brocade Communications (NASDAQ: BRCD) declared a quarterly dividend of $0.045 per share, or $0.18 annualized.

The dividend will be payable on January 4, 2016, to stockholders of record on December 10, 2015, with an ex-dividend date of December 8, 2015.

The annual yield on the dividend is 1.8 percent.

For... More

Brocade Communications (BRCD) Tops Q4 EPS by 2c

Brocade Communications (NASDAQ: BRCD) reported Q4 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $494.7 million versus the consensus estimate of $575.56 million.

For earnings history and earnings-related data on Brocade Communications (BRCD) click here.