Posted by Market Wrap Daily | Posted in: Technology
Brocade Communications Systems (Nasdaq: BRCD) reports 4Q Earnings
Brocade Communications Systems (Nasdaq: BRCD) reported 4Q earnings late Monday and shares have surged higher by more than 10% in early trading on Tuesday in response.
BRCD had a record Q4 and full year generating $550 million in Q4 and $2.15 billion for full year ’11.
Brocade Communications Systems, Inc. is a supplier of networking equipment, including end-to-end Internet Protocol- based Ethernet networking solutions and storage area networking solutions. It offers a line of networking hardware and software products and services to global enterprises, telecommunication firms, cable operators and mobile carriers. Its products, services and solutions includes information technology infrastructure, resource utilization, availability of mission critical applications, support advanced data, voice, video and mobility applications.
Tags: Brocade, earnings, mobility, networking