Wunderlich Securities Downgrades Brocade (BRCD) to Hold
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Brocade Reports Preliminary Fiscal Q2 2016 Financial Results
May 2, 2016 8:30 AM EDTSAN JOSE, CA -- (Marketwired) -- 05/02/16 -- In conjunction with the filing of a registration statement and exchange offer materials with the U.S. Securities and Exchange Commission associated with its previously announced proposal to acquire Ruckus Wireless, Inc., Brocade (NASDAQ: BRCD) today reported preliminary financial results for its second fiscal quarter ended April 30, 2016. The Company now expects second fiscal quarter total revenue to be within the range of $518 million to $528 million, compared with the range of $542 million to $562 million previously provided in the planning assumptions and outlook for the quarter on February 17, 2016.... More
