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OT - networking
OT - networking stocks. Not sure how well Brocade correlates
with the networkers we've tracked (INFN, CIEN, ALU). But they're
getting beaten up today by about -8% on weak guidance going forward
about things like weaker than expected router sales to govt. Lots
of downgrades, PT lowering - apparently a major event. I really
don't know how well their business tracks the other networking
stocks, but slowdown is never a good word.
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Brocade operates in the Storage Area Networks (SAN), it has been
around for a long while. I do not follow the company, but
looking at the chart, it looks like they have had a rough year.
Revenue wise it has been stuck in the mud as it has been
unable to grow them for the past three years.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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11/24/15 at 1:43 PM CST
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