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Stock Market & Financial Investment News

News Breaks
August 21, 2014
16:04 EDTBRCDBrocade reports Q3 EPS 23c, consensus 19c
Reports Q3 revenue $545M, consensus $534.7M.
News For BRCD From The Last 14 Days
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September 3, 2015
09:13 EDTBRCDAerohive, Brocade deliver wired, wireless solutions for Springhill Medical
Aerohive Networks (HIVE) and Brocade (BRCD) announced that Springhill Medical Center and Cumberland University have selected Aerohive and Brocade high-performance, secure, easy-to-manage wired and wireless solutions. The solutions together dramatically simplify the customers' ability to scale network capacity as their wireless needs grow.
August 21, 2015
12:13 EDTBRCDBrocade soars after Q3 results top estimates
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10:02 EDTBRCDOn The Fly: Analyst Upgrade Summary
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09:13 EDTBRCDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Accuray (ARAY), up 12.7%... Brocade (BRCD), up 6%... salesforce.com (CRM), up 3.5%. DOWN AFTER EARNINGS: Intuit (INTU), down 6.7%... Deere (DE), down 5.4%... Nordson (NDSN), down 4.4%. ALSO LOWER: GigOptix (GIG), down 20% after 9.22M share Spot Secondary priced at $1.70... VirnetX Holding (VHC), down 19.8% after filing to sell 35M shares of common stock... Northwest Biotherapeutics (NWBO), down 8.7% after TheStreet's Adam Feuerstein reports, via Twitter, that CVax Phase 3 study has been temporarily halted in Germany.
08:27 EDTBRCDBrocade upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Simona Jankowski upgraded Brocade Communications to Neutral saying she no longer sees "meaningful downside" to consensus estimates following the company's "solid" quarter. Brocade is executing well in both the switching and routing markets, but its long-term growth prospects remain "modest," Jankowski tells investors in a post-earnings research note. She raised her price target for the stock to $12 from $11. Summit Research analyst Srini Nandury upgraded Brocade this morning to Buy. The stock is up 63c to $10.35 in pre-market trading.
05:31 EDTBRCDBrocade upgraded to Buy from Hold at Summit Research
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August 20, 2015
19:02 EDTBRCDOn The Fly: After Hours Movers
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18:07 EDTBRCDBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
17:59 EDTBRCDBrocade sees Q4 adjusted EPS 23c-25c, consensus 24c
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16:03 EDTBRCDBrocade reports Q3 adjusted operating margin 26.9%
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16:02 EDTBRCDBrocade reports Q3 adjusted gross margin 68.6%
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16:01 EDTBRCDBrocade reports Q3 adjusted EPS 27c, consensus 22c
Reports Q3 revenue $552M, consensus $550.54M.
14:42 EDTBRCDNotable companies reporting after market close
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