Key Developments: Brocade Communications Systems Inc (BRCD.O)
5.43USD
22 May 2013
$-0.06 (-1.09%)
$5.49
$5.45
$5.52
$5.39
10,381,983
6,557,954
$6.44
$4.18
Latest Key Developments (Source: Significant Developments)
Brocade Communications Systems Inc Issues Q3 2013 Guidance Below Analysts' Estimates-Conference Call
Brocade Communications Systems Inc announced that third quarter of 2013, it anticipates that it will generate revenue in the range of $510 million to $530 million and expects diluted earnings per share (EPS) of $0.11 to $0.13. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $554 million and EPS of $0.15 for third quarter of 2013. Full Article
Brocade Communications Systems Inc Lowers Q2 2013 Revenue Guidance; Raises Low End Of Prior Q2 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Brocade Communications Systems Inc announced that second quarter of 2013, it anticipates that it will generate revenue in the range of $536 million to $541 million and expects diluted earnings per share (EPS) of $0.15 to $0.16 on a non-GAAP basis. The Company's previous guidance for the second quarter was $555 million to $575 million for revenue and $0.14 to $0.16 for non-GAAP EPS. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $565 million and EPS of $0.15 for second quarter of 2013. Full Article
Cisco Systems Inc, International Business Machines Corp, Brocade Communications Systems, Inc. And Others Team Up On New Technology Project-Reuters
Reuters reported that Cisco Systems Inc, International Business Machines Corp (IBM) and Citrix Systems Inc have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking (SDN), aimed at making network management easier and cheaper. Other members of the development platform called OpenDaylight include Juniper Networks, Inc., VMware Inc, Microsoft Corp, Red Hat, Inc., Intel Corp and Brocade Communications Systems Inc as well as privately held Big Switch Networks and Arista Networks. Each member will contribute technology such as code to the project in an effort to share the costs of basic research and development, and enable products from different vendors to work together. Vendors will still be able to customize their offerings to differentiate themselves from rivals. The SDN market is still considered nascent, but is expected to grow to $3.7 billion by 2016 from an estimated $360 million this year, according to research firm IDC. The first code from OpenDaylight is expected to be released in the third quarter of this year. Full Article
Brocade Communications Systems Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates-Conference Call
Brocade Communications Systems Inc announced that for second quarter of 2013, it expects revenue to be in the range of $555-$575 million and non-GAAP earnings per share (EPS) to be in the range of $0.14-$0.16. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $563 million and EPS of $0.15 for second quarter of 2013. Full Article
Brocade Communications Systems Inc Names Lloyd Carney As Chief Executive Officer
Brocade Communications Systems Inc announced that Board of Directors unanimously appointed networking industry veteran Lloyd Carney to the position of Chief Executive Officer effective immediately. In addition to his role as CEO, Mr. Carney will join Brocade's board of directors. Mr. Carney succeeds Michael Klayko, who has served as CEO since 2005. Full Article
Brocade Communications Systems Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates-Conference Call
Brocade Communications Systems Inc announced that for first quarter of 2013, it expects total revenue to be between $565 million and $585 million and non-GAAP earnings per share (EPS) in the range of $0.15-$0.16. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $572 million and EPS of $0.15 for first quarter of 2013. Full Article
Brocade Communications Systems Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates; Issues FY 2012 Guidance Above Analysts' Estimates-Conference Call
Brocade Communications Systems Inc announced that for the fourth quarter of 2012, it expects revenue between $555 million and $575 million, and non-GAAP EPS of $0.13 to $0.14. For fiscal 2012, it expects revenues to grow by 3% to 4%, and the Company's EPS will increase by 26% to 28% from fiscal 2011. The Company reported revenues of $2.147 billion and EPS of $0.50 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $566 million and EPS of $0.14 for the fourth quarter of 2012; revenue of $2.206 billion and EPS of $0.61 for fiscal 2012. Full Article
Brocade Communications Systems Inc Announces Executive Leadership Transition
Brocade Communications Systems Inc announced that Mr. Klayko intends to resign from his role as Chief Executive Officer(CEO) once a successor is identified by the Board and a transition is completed. The Board has formed a search committee and will retain an executive recruiting firm to identify the best candidate to lead the next phase of Brocade's growth. Mr. Klayko will continue to serve as CEO of Brocade during the search. Full Article
Brocade Communications Systems, Inc. Awarded $112 Million In Damages Against A10 Networks And CEO Lee Chen
Brocade Communications Systems, Inc. announced that a San Jose federal court jury returned its verdict this afternoon in the case of Brocade v. A10 Networks, and found A10 responsible for broad-based intellectual property infringement and unfair competition, awarding approximately $112 million to Brocade. The trial lasted three weeks. The jury unanimously awarded punitive damages against A10 and also personally against Chief Executive Officer (CEO) Lee Chen, strongly condemning Chen and A10's unfair competition. The jury also returned an unambiguous verdict for patent and copyright infringement and trade secret misappropriation covering A10's entire AX Series load balancing server products. The jury found for Brocade on three claims of patent infringement involving technologies for Global Server Load Balancing and High Availability. The jury found that the A10 AX Series line of load balancers infringe on these specific patents. Misappropriation of four trade secrets involving techniques used in the Brocade ServerIron products that A10 applied for use in AX series. Direct copying of Brocade code used in Brocade's ServerIron products for use in A10 products. Unfair competition based on interference with the contract of an engineer while he was employed at Foundry Networks (which Brocade acquired in late 2008). A10's CEO Lee Chen directly recruited engineer to work at both places at the same time in breach of his contract with Foundry. Full Article
Brocade Communications Systems, Inc. Issues Q3 2012 Guidance In Line With Analysts' Estimates-Conference Call
Brocade Communications Systems, Inc. announced that for third quarter of 2012, it expects revenue to be in the range of $525-$545 million and non-GAAP earnings per share (EPS) in the range of $0.11-$0.13. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $541 million and EPS of $0.12 for third quarter of 2012. Full Article
BRIEF-Brocade Comms shares down 5.9 pct after the bell
NEW YORK, May 16 - Brocade Communications Systems Inc : * Shares down 5.9 percent after the bell following results
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