Key Developments For Brocade Communications Systems, Inc.
Brocade Communications Systems, Inc. (BRCD.O) (Nasdaq)
Brocade Communications Systems, Inc. Denies Looking For A Buyer-Reuters
Reuters reported that Brocade Communications Systems, Inc.'s top executive denied the Company had looked for a buyer and said the Company was seeking to grow through partnerships. Brocade, however, said it was seeking to grow through partnerships.
Brocade Communications Systems, Inc. Announces Brocade NetIron CER 2000 Series Compact Multi-Protocol Label Switching (MPLS) Router
Brocade Communications Systems, Inc. announced the Brocade NetIron CER 2000 Series compact multi-protocol label switching (MPLS) router, featuring hardware based routing capacity, in a compact 1U form factor: 24 or 48 Gigabit Ethernet (GbE) ports with two 10 GbE uplinks. The NetIron CER 2000 enables service providers to more broadly, rapidly, and cost-effectively deploy high-margin business virtual private network (VPN) and IP voice, video, and data services while helping to reduce their cost per megabit.
Terminix Service Inc. Deploys Brocade Communications Systems, Inc.'s Brocade Layer 3 Switching Solution
Brocade Communications Systems, Inc. announced that Terminix Service Inc. deployed a Brocade Layer 3 switching solution across all 52 of its branch office locations with a ShoreTel Unified Communications (UC) solution. Terminix Services selected Brocade because its solution provides a highly reliable communications platform that serves the organization's distributed offices seamlessly without adding cost or complexity to the network.
Brocade Communications Systems, Inc. Puts Itself Up For Sale-WSJ
The Wall Street Journal reported that Brocade Communications Systems, Inc. has put itself on the selling block. Oracle Corporation and Hewlett-Packard Company were potential bidders for Brocade Communications Systems, Inc. but a deal was not imminent and Brocade might not even go ahead with a sale.
Brocade Communications Systems, Inc. Issues FY 2010 Outlook; Revenue Outlook Above Estimates; Narrows FY 2009 Revenue Outlook In Line With Estimates; Raises Low End Of Prior FY 2009 EPS Outlook-AP
The Associated Press reported that Brocade Communications Systems, Inc. expects to post revenue of $2.25 to $2.45 billion and earnings per share (EPS) of $0.56 to $0.61 for fiscal 2010. Brocade also narrowed its forecast for fiscal 2009. The Company now expects to post revenue of $1.94 to $1.96 billion compared with a prior range of $1.9 to $2 billion. EPS for fiscal 2009 is anticipated at $0.49 to $0.52 per share, from the prior outlook of $0.48 to $0.52. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.51 on revenue of $1.95 billion for fiscal 2009; EPS of $0.61 on revenue of $2.21 billion for fiscal 2010.
