Wunderlich Securities Downgrades Brocade (BRCD) to Hold

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Go back to Wunderlich Securities Downgrades Brocade (BRCD) to Hold

Brocade Communications (BRCD) Trims Q2 Outlook

May 2, 2016 8:32 AM EDT

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) 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... More