Last $10.82 USD
Change Today -0.05 / -0.46%
Volume 10.3M
BRCD On Other Exchanges
Symbol
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As of 5:20 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

brocade communications sys (BRCD) Snapshot

Open
$10.88
Previous Close
$10.87
Day High
$10.88
Day Low
$10.72
52 Week High
09/29/14 - $10.99
52 Week Low
10/24/13 - $7.66
Market Cap
4.7B
Average Volume 10 Days
6.3M
EPS TTM
$0.65
Shares Outstanding
432.0M
EX-Date
09/8/14
P/E TM
16.7x
Dividend
$0.14
Dividend Yield
0.65%
Current Stock Chart for BROCADE COMMUNICATIONS SYS (BRCD)

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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.

4,143 Employees
Last Reported Date: 12/16/13
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

Brocade Communications Systems, Inc. Announces Amendment and Restatement of Amended and Restated Bylaws

Effective September 26, 2014, the Board of Directors of Brocade Communications Systems, Inc. amended and restated the company's Amended and Restated Bylaws. In addition to certain technical, conforming, and clarifying changes, the amendments and restatements include the following additional changes: Special Meetings of the Stockholders was amended to require the company's corporate secretary to call a special meeting of the stockholders at the request of one or more stockholders holding shares representing in the aggregate not less than 25% of the total voting power outstanding and entitled to vote on the matter or matters to be brought before the proposed special meeting. Annual Meetings of the Stockholders was also amended to add certain disclosure requirements for stockholders intending to nominate directors for election or bring business before an annual meeting of stockholders.

Brocade Announces New Hardware and Software for Brocade MLXe Routers

Brocade announced new hardware modules and software for the Brocade(R) MLX(R) Series routers with the industry's most comprehensive capabilities to address the bandwidth, scale, and performance needed for the networks of current; providing a seamless path to open, software-driven programmable networks that the industry refers to as the 'New IP'. To address these needs, Brocade has delivered software enhancements to the Brocade MLXe carrier-class routing platform, including support for OpenFlow 1.3 with significant features to help organizations deploy new application- and user-specific services in a secure manner. Delivered in unique Brocade MLXe programmable hardware, the Brocade OpenFlow 1.3 implementation provides fine-grained control for highly customized services at scale. The Brocade MLXe is the first carrier-class platform to support interworking between traditional routed networks and new software-defined networks, via Brocade Hybrid Port Mode. The new hardware modules provide the right mix of high port density, wire-speed scale-out single-chassis performance, and scale for simultaneous support of both IPv4 and IPv6, which is designed to help prevent Internet outages from route table explosion. Built with the Brocade VersaScale(TM) processor, this sixth-generation programmable silicon is a Brocade innovation that delivers the flexibility and features of software with the performance and scale of hardware. Designed for the most demanding service provider and data center networks, these elements address immediate business needs while providing flexibility and investment protection for the future. With these additions, Brocade enables the most open and scalable networks possible, with the agility needed to meet the growing user expectations in the market now. As a result, this solution facilitates a smooth transition between legacy networks and networks designed for the New IP, which are driven by an increased demand in social technology, mobile devices, and the cloud.

Brocade Introduces the Brocade Vyatta Controller

Brocade introduced the Brocade(R) Vyatta(R) Controller as a keystone product in its Software-Defined Networking (SDN) portfolio and the next step toward delivering on the customer benefits of its open networking platform strategy. Commercially supported by Brocade, this SDN controller is built continuously from the OpenDaylight Project, a community-led open source initiative aimed at accelerating the adoption of SDN and Network Functions Virtualization (NFV) in order to provide levels of agility and efficiency not possible in traditional IP networking. The increasing adoption of cloud, mobile and social technologies by consumers and businesses has brought user-centrism to the strategic front for both IT organizations and service providers. Along with required changes in how network services are deployed, such as NFV, this trend has also added significant management and operational complexity for network engineers and architects to solve. These challenges also include adding significant new capabilities for network control and programmability. Addressing the issues collectively, the industry is starting to describe this as the migration toward the New IP. By introducing open source into the SDN equation, customers are free to innovate on their own, or they can partner with the vibrant OpenDaylight community to develop new capabilities that modern networks require. The advantages were, bandwidth calendaring, context-aware policy enforcement, prioritization of unified communication traffic, security for Issues Such as DDoS Attacks, advanced Network Programmability and Control for Heterogeneous NFV environments.

 

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Industry Analysis

BRCD

Industry Average

Valuation BRCD Industry Range
Price/Earnings 22.4x
Price/Sales 2.1x
Price/Book 2.0x
Price/Cash Flow 19.4x
TEV/Sales 1.3x
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