Brocade Increases Stock Repurchase Authorization by $700M

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Go back to Brocade Increases Stock Repurchase Authorization by $700M

RBC Capital Reiterates Sector Perform on Brocade Communications (BRCD)

October 1, 2015 9:12 AM EDT

RBC Capital reiterated a Sector Perform rating and $12.00 price target on Brocade (NASDAQ: BRCD).

Analyst Mark Sue commented, "Brocade is supplementing durability in the SAN business with new products and diversification in partnership, while IP networking business is better. Software monetization is... More

Baird Cuts Price target on Brocade Communications (BRCD) to $11 Following Analyst Day

October 1, 2015 6:57 AM EDT

Baird 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