Brocade Earnings Encourage Investors; Shares Rise

By | August 21, 2015

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Brocade Communications Systems (BRCD) stock got some new life Friday, gapping up as much as 16% at one point, as investors were encouraged by better-than-expected earnings and sales from the provider of storage area networks. Shares retreated somewhat later, but Brocade stock was still up 8% in late-afternoon trading in the stock market today, near 10.50. An acceleration in earnings growth helped drag the stock out of a funk that Brocade hit in Scalper1 News

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