JPMorgan Downgrades Brocade (BRCD) to Neutral
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Brocade (BRCD) Guidance Well Below Street Consensus, Piper Jaffray Notes; Numbers Lowered
November 24, 2015 8:14 AM ESTPiper 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
Brocade Communications (BRCD) Guides Q1 EPS, Revenue Below Expectations
November 23, 2015 4:12 PM ESTBrocade Communications (NASDAQ: BRCD) sees Q1 adjusted EPS of $0.23 - $0.25 and revenue of $550 - $570 million, with Street estimates calling for Q1 EPS of $0.27 and revenue of $581.9 million.
... MoreBrocade Communications (BRCD) Tops Q4 EPS by 2c
November 23, 2015 4:05 PM ESTBrocade 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.
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