Brocade Communications Systems, Inc. BRCD was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This …
It will also help the chipmaker dig deeper into the connected devices and cars market. Brocade's common stock will stop trading on Nasdaq and the firm will operate as a unit of Broadcom, the company said in a statement.
Brocade’s common stock will stop trading on Nasdaq and the firm will operate as a unit of Broadcom, the company said in a statement. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Bernard Orr) Our Standards:The Thomson …
That’s not what’s happened. Merrill Lynch reiterated its Buy rating on the stock and lifted its price objective from $10.50 to $11 a share with this comment on the firm’s rationale: Brocade trades at a significant discount to peers despite ...
today announced that Brocade has entered into a definitive agreement to acquire Ruckus Wireless, Inc. in a cash and stock transaction. Combined company expected to be #1 in storage area networking, #1 in service provider Wi-Fi, #2 in …