DALLAS, June 28, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Brocade Communications Systems Inc. (Nasdaq:BRCD). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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The full report is available at: www.microstockprofit.com/lp/BRCD
BRCD has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, BRCD is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Brocade Communications Systems Inc. (BRCD) is a supplier of data center networking solutions that help enterprises connect and manage their information. The Company offers a line of data center networking hardware, software products and services. The Company is organized in four operating units: The Data Center Infrastructure (DCI), The Server Edge and Storage (SES), The Services, Support and Solutions (S3) and The Files (Files). BRCD products and services are marketed and sold to end-user customers through distribution partners, including original equipment manufacturers, distributors, systems integrators, value-added resellers (VARs) and by Brocade directly. On March 17, 2008, the Company completed its acquisition of Strategic Business Systems Inc. In December 2008, Brocade announced that it has completed its acquisition of Foundry Networks Inc.
Message Board Search for BRCD: http://www.boardcentral.com/boards/BRCD
In the report, the analyst notes:
"BRCD reported financial results for its second fiscal quarter ended May 1, 2010. BRCD recorded quarterly revenues of $501 million or a decrease of 1% year-over-year, resulting in a diluted earnings per share (EPS) of $0.05 on a GAAP basis and $0.13 on a non-GAAP basis.
"BRCD recently announced that Neos Airline, part of Alpitour group, Italy's market leader in tourism and leisure, has completed the deployment of the Brocade Mobility RFS 6000 Controller and Brocade access points as the basis of its wireless LAN (WLAN) infrastructure across its headquarters at Malpensa Airport, Italy."
To read the entire report visit: www.microstockprofit.com/lp/BRCD
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