Last $10.55 USD
Change Today +0.11 / 1.05%
Volume 4.8M
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As of 5:20 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

brocade communications sys (BRCD) Snapshot

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04/2/14 - $10.96
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brocade communications sys (BRCD) Details

Brocade Communications Systems, Inc. provides Internet protocol based networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. Its Storage Area Networking Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, fabrics, and embedded switches; host bus adapters; and fabric extension, switching, and routing solutions. The company’s IP Networking Products segment provides open systems interconnection reference model (OSI) Layer 2 and Layer 3 switches and routers that are designed to connect users in an enterprise network enabling network connectivity, such as access to the Internet, network-based communications, and collaboration through unified messaging applications and mobility. This segment also provides OSI Layer 4—7 solutions, which are designed for application traffic management and server load balancing; converged network products; and a portfolio of platforms designed for service provider environments, as well as carrier Ethernet products. The company’s Global Services segment offers break/fix maintenance, installation, consulting, network management and software maintenance, and customer support services. Brocade Communications Systems, Inc. serves various enterprises and service providers, such as telecommunication firms, cable operators, and mobile carriers. The company markets and sells its products and services to end-user customers directly, as well as through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers. Brocade Communications Systems, Inc. was founded in 1995 and is headquartered in San Jose, California.

4,103 Employees
Last Reported Date: 08/21/14
Founded in 1995

brocade communications sys (BRCD) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $639.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $450.0K
Chief Technology Officer and Vice President o...
Total Annual Compensation: $400.0K
Senior Vice President of Worldwide Sales & Fi...
Total Annual Compensation: $265.2K
Compensation as of Fiscal Year 2013.

brocade communications sys (BRCD) Key Developments

RackCorp Selects Brocade's Ethernet Fabric Solution for Data Center Network

RackCorp selected the software-defined networking, or SDN, capable family of Brocade VDX switches and VCS Fabric technology. The company has started transitioning its data center operations to a new network foundation based on ethernet fabric infrastructure from Brocade.

Brocade Advances Storage Fabric Leadership for Enterprises Deploying Solid-State Storage Systems

Brocade Communications Systems, Inc. announced it has advanced its leadership in fabric-based networking by developing new solutions testing initiatives to extend support for the Brocade(R) Solid State Ready program. The program is designed for solid-state storage array vendors to help ensure their enterprise customers experience seamless interoperability and optimum performance when deploying all-flash and hybrid arrays to support software-defined data centers running VMware and other mission-critical applications on Brocade fabrics. In moving to a software-defined data center where business-critical applications operate in highly virtualized environments, organizations now demand more from their storage and networks. In addition to server virtualization, I/O-intensive workloads -- such as virtual desktop infrastructures, data warehousing, and online transactional processing -- are requiring IT organizations to re-evaluate their storage strategies. This has led to exponential growth in the deployment of solid-state storage technologies, which will be as disruptive in the data center as server virtualization was. To support this growing trend, Brocade introduced the Solid State Ready program earlier this year and has now extended its scope to include Ethernet fabrics, solutions testing, and market development investments such as technical and sales support, education, marketing, and awareness activities. These efforts will ensure seamless deployment and optimum performance of solid-state storage and VMware technologies in Brocade Fibre Channel and Ethernet fabrics. Program participants include Fujitsu America Inc., Hitachi Data Systems, HP, NetApp, Nimble Storage, Pure Storage, Saratoga Speed, SolidFire, Skyera, Tegile Systems and Violin Memory.

Brocade Communications Systems, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 2, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Brocade Communications Systems, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended August 2, 2014. For the quarter, the company reported total net revenues of $545,464,000 against $536,551,000 a year ago. Income from operations was $117,897,000 against $74,363,000 a year ago. Income before income tax was $114,020,000 against $141,800,000 a year ago. Net income was $87,352,000 against $118,696,000 a year ago. Diluted earnings per share were $0.20 against $0.26 a year ago. For the nine months, the company reported total net revenues of $1,646,909,000 against $1,664,064,000 a year ago. Income from operations was $259,582,000 against $224,833,000 a year ago. Income before income tax was $235,919,000 against $255,567,000 a year ago. Net income was $154,552,000 against $144,390,000 a year ago. Diluted earnings per share were $0.34 against $0.31 a year ago. Net cash provided by operating activities was $106,031,000 against $102,155,000 a year ago. Purchases of property and equipment were $13,780,000 against $10,381,000 a year ago. For the fourth quarter, the company expects revenue to be down 1% to up 2% quarter over quarter. Non-GAAP tax rate is expected to be 25% to 27%. Operating cash flow to be higher sequentially due to the timing of variable compensation and bond interest payments, offset by higher DSOs. Non-GAAP gross margin is expected to be between 66.0% to 67.0%, better than two-year target model range, and non-GAAP operating margin to be between 25.0% to 26.5%.


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