Brocade Higher Ahead of Earnings

Published on Friday, 18 November 2011 11:08 Written by Gerard Lerod

New York, November 18th (TradersHuddle.com) - Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) are trading higher by +1.49% ahead of its quarterly earnings release. Brocade, the provider of switching solutions for storage area networks is expected to release its quarterly results on November 21^st.

Wall Street Analysts consensus calls for a profit of $0.1 a share on $527.09 million revenue.

Brocade estimates have a range of $0.03 a share. The high estimate calls for profit of $0.11 a share and the low estimate is calling for a profit of $0.08 a share, a year ago for the quarter the company reported $0.14 a share.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) provides switching solutions for storage area networks. Its family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its storage area networks.

Other companies on the watch on this earnings event are EMC Corporation NYSE:EMC and Juniper Networks, Inc. NASDAQ:JNPR.

Last week, ThnikEquity said that likes the risk/reward setup for the stock ahead of its earnings report.