RBC Capital Cuts Price Target on Brocade Communications (BRCD) as Soft Demand Drives Revenue Miss
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Brocade Reports Fiscal Q2 2016 Results
May 19, 2016 5:30 PM EDTSAN JOSE, CA -- (Marketwired) -- 05/19/16 -- Brocade (NASDAQ: BRCD) today reported financial results for its second fiscal quarter ended April 30, 2016. Brocade reported second quarter revenue of $523 million, down 4% year-over-year and down 9% quarter-over-quarter. The Company reported GAAP diluted earnings per share (EPS) of $0.11, down from $0.18 in Q2 2015 and down from $0.23 in Q1 2016. Non-GAAP diluted EPS was $0.22 for Q2 2016, flat year-over-year and down from $0.29 in Q1 2016.
"Despite the challenging environment for both SAN and IP networking, Brocade had a productive second fiscal quarter," said Lloyd... More
Brocade Announces Second Quarter Fiscal Year 2016 Results
May 19, 2016 4:00 PM EDTSAN JOSE, CA -- (Marketwired) -- 05/19/16 -- Brocade (NASDAQ: BRCD) reported its financial results for its second quarter fiscal year 2016 today following the close of the market. The earnings announcement and prepared materials for the related conference call are available on the Brocade Investor Relations website at... More
