Brocade Communications (BRCD) Said in Advanced Talks to Sell Itself (AVGO)
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Go back to Brocade Communications (BRCD) Said in Advanced Talks to Sell Itself (AVGO)
October 31, 2016 4:23 PM EDT
RBC Capital upgraded Brocade (NASDAQ: BRCD) from Sector Perform to Outperform with a price target of $14.00 (from $11.00) following reports it is in advanced talks to sell itself to Broadcom (NASDAQ: AVGO).
Analyst Mitch Steves commented, "We think... More
October 31, 2016 2:03 PM EDT
Brocade Communications (NASDAQ: BRCD) offered no comment on reports from Bloomberg it is in advanced talks to sell itself, with Broadcom (Nasdaq: AVGO) said to be one of the interested parties.
"... as a matter of company policy, Brocade... More
October 31, 2016 1:59 PM EDT
Stifel analyst Aaron Rakers weighed in on Brocade (NASDAQ: BRCD) on reports the company is in advanced talks to sell itself with Bloomberg reporting that Broadcom (NASDAQ: AVGO) is reportedly among the interested parties involved.
Rakers commented, "A purchase by Broadcom (Avago) would be a strategic move by Broadcom to vertically integrate in an IP switching and routing market that has increasingly moved to merchant silicon. As a reminder, in mid-September Brocade announced its new SLX 9850 data center routing solutions using... More
October 31, 2016 1:44 PM EDT
RBC Capital analyst Amit Daryanani weighed in on reports Broadcom Limited (NASDAQ: AVGO) could bid for Brocade Communications (NASDAQ: BRCD). Daryanani said the deal fits AVGO M&A Strategy and would be 5-10% accretive.
Daryanani commented, "There has been recent... More
October 31, 2016 12:38 PM EDT
Brocade Communications (NASDAQ: BRCD) trading halted on LUDP
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