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FEB 15, 2013 - Investors Business Daily

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Brocade Gives Weak Outlook That Points To Challenges

Shares of Brocade Communications Systems (BRCD) were down 3% in midday trading Friday, after the network equipment company late Thursday gave lackluster guidance that disappointed investors. Brocade has challenges ahead, Jason Ader, an analyst for William Blair & Co., said in a research note Friday. "... We believe that long-term prospects for Brocade's storage area network business (71% of sales in the quarter) remain weak and that management's

Tags: Brocade Gives Weak Outlook That Points To Challenges,  Communications Latest News