Brocade Reports Fiscal Q3 2016 Results

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Go back to Brocade Reports Fiscal Q3 2016 Results

Baird Reiterates Underperform on Brocade Communications (BRCD) Following 3Q Beat

August 26, 2016 7:59 AM EDT

Baird reiterated an Underperform rating and $8.00 price target on Brocade Communications (NASDAQ: BRCD) following the company's 3Q earnings report. Brocade reported revenue and non-GAAP EPS of $591 million and $0.21, which came in ahead of consensus estimates of $567 million and $0.17.

Analyst Jayson Noland... More