Brocade Reports Preliminary Fiscal Q2 2016 Financial Results

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Go back to Brocade Reports Preliminary Fiscal Q2 2016 Financial Results

Wunderlich Securities Downgrades Brocade (BRCD) to Hold

May 3, 2016 6:37 AM EDT

Wunderlich Securities downgraded Brocade (NASDAQ: BRCD) from Buy to Hold with a price target of $9.00 (from $10.50).

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 $8.51 yesterday.

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RBC Capital Cuts Price Target on Brocade Communications (BRCD) Following Negative 2Q Pre-Announcement

May 2, 2016 1:20 PM EDT

RBC Capital maintained a Sector Perform rating on Brocade Communications (NASDAQ: BRCD), and cut the price target to $10.00 (from $11.00), following the company's negative 2Q pre-announcement. The company expects earnings to be $518-528M in revenue, as well as an EPS of $0.21-0.23,... More