RBC Capital Reiterates Sector Perform on Brocade Communications (BRCD)
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Baird Cuts Price target on Brocade Communications (BRCD) to $11 Following Analyst Day
October 1, 2015 6:57 AM EDTBaird maintained a Neutral rating on Brocade (NASDAQ: BRCD), and cut the price target to $11.00 (from $12.00), following the company's analyst day. The company offered F16-17 non-GAAP gross margin guidance of 67%-68% which is up 100 bps from previous guidance.
Analyst Jayson Noland commented,... More
Brocade Communications (BRCD) Board Amends Clawback Provision; Approves $700M Common Stock Buyback
September 30, 2015 6:07 AM EDTBrocade Communications (Nasdaq: BRCD) disclosed the following on Wednesday:
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On September 24, 2015, the Compensation Committee (the Compensation Committee) of the Board of Directors of Brocade Communications Systems, Inc. (the Company or Brocade) approved an amendment to the executive compensation recoupment clawback provision that appears in Section 27 of the Companys 2009 Stock Plan. As amended, the clawback... More
