Wunderlich Securities Downgrades Brocade (BRCD) to Hold
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Brocade Reports Preliminary Fiscal Q2 2016 Financial Results
May 2, 2016 8:30 AM EDTSAN JOSE, CA -- (Marketwired) -- 05/02/16 -- In conjunction with the filing of a registration statement and exchange offer materials with the U.S. Securities and Exchange Commission associated with its previously announced proposal to acquire Ruckus Wireless, Inc., Brocade (NASDAQ: BRCD) today reported preliminary financial results for its second fiscal quarter ended April 30, 2016. The Company now expects second fiscal quarter total revenue to be within the range of $518 million to $528 million, compared with the range of $542 million to $562 million previously provided in the planning assumptions and outlook for the quarter on February 17, 2016.... More
