Goldman Sachs Downgrades Ruckus Wireless (RKUS) to Neutral
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Brocade to Acquire Ruckus Wireless to Build a Networking Company for the Digital Transformation Era
April 4, 2016 8:48 AM EDTSAN JOSE, CA -- (Marketwired) -- 04/04/16 -- Brocade (NASDAQ: BRCD)
Combined company expected to be #1 in storage area networking, #1 in service provider Wi-Fi, #2 in data center networking, #3 in enterprise wireless LAN, and #3 in enterprise edge networking in the U.S. and EMEA Transaction expected to be accretive to Brocade's non-GAAP earnings by Q1 FY17 Brocade increases stock repurchase authorization by $800 millionBrocade (NASDAQ: BRCD) and Ruckus Wireless (NYSE: RKUS) today announced that Brocade has entered into a definitive... More
