Brocade Communications (BRCD) November calls active into trading halt after sharp rally

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Go back to Brocade Communications (BRCD) November calls active into trading halt after sharp rally

RBC Capital Upgrades Brocade (BRCD) to Outperform Amid Potential Takeover

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

Brocade (BRCD) Won't Comment on Takeover Report

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

Brocade (BRCD) Deal Would Equal Vertical Integration for Broadcom (AVGO) - Stifel

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