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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:04 EDTBRCDBrocade downgraded to Sell from Buy at Summit Research
Summit Research downgraded Brocade two notches to Sell citing a worsening outlook for the Fibre Channel business and potential reduced buybacks. Price target is $7.
News For BRCD From The Last 14 Days
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August 3, 2015
13:08 EDTBRCDEMC may prefer buying rest of VMware, Re/code reports
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July 20, 2015
10:00 EDTBRCDOn The Fly: Analyst Downgrade Summary
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06:27 EDTBRCDBrocade downgraded to Sell from Neutral at UBS
UBS analyst Amitabh Passi downgraded Brocade Communications to Sell saying he sees increasing downside risk to estimates from weaker trends in storage and margins being close peak levels. Passi cut his price target for the stock to $9 from $11.50.

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