Earnings Preview: Brocade Communications Reports Q2 Results Thursday

Aug.17.11 | About: Brocade Communications (BRCD)

Brocade Communications Systems, (NASDAQ:BRCD) is due to report earnings after the closing bell on Thursday, August 18.

Overview

BRCD trades an average of 19.02 million shares per day, and has a market cap of $1.69 billion. Brocade Communications Systems, Inc. supplies networking equipment comprising end-to-end Internet protocol based Ethernet and storage area networking solutions. Its Data Storage segment provides infrastructure products and solutions, including directors, switches, routers, fabric-based software applications, distance/extension products, management applications, and utilities to centralize data management; and host bus adapters, converged network adapters, mezzanine cards, and switch modules for bladed servers. The company was founded in 1995 and is headquartered in San Jose, California.

Recent Price: $3.71

52 Week High: $7.30

52 Week Low: $3.18

Book Value: $4.58

On average, 10 analysts are expecting $0.10 per share, compared to last quarter's results of $0.13. In the last month, the stock has decreased in price -44.06 % , in the last quarter, it has returned -36.42%, with a one year change of -28.25%.

Comparing to the S&P 500 price changes, the price performances are -37.55% vs. the S&P 500 from a month ago, -32.31% vs. the S&P 500 from six months ago, and the year to date difference is -28.81% vs. the S&P 500 price change.

Revenue year-over-year has increased to $2.09 billion for 2010 vs. $1.95 billion for 2009. The bottom line has rising earnings year-over-year of $118.85 million for 2010 vs. $-81.38 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $211.04 million for 2010 vs. $28.25 million for 2009.

The annual growth rate of revenue is 7.18%.

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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 550.06 M $ 549.90 M $ -0.16 M -0.03%
Jan-11 $ 543.95 M $ 546.02 M $ 2.07 M 0.38%
Oct-10 $ 536.59 M $ 550.38 M $ 13.79 M 2.57%
Jul-10 $ 508.61 M $ 503.51 M $ -5.10 M -1%
Apr-10 $ 503.38 M $ 500.98 M $ -2.40 M -0.48%
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M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Apr-11 0.10 0.13 0.03 30%
Jan-11 0.10 0.12 0.02 20%
Oct-10 0.13 0.14 0.01 7.69%
Jul-10 0.13 0.13 0 0.00%
Apr-10 0.12 0.13 0.01 8.33%
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(Some onetime items are often excluded in reported EPS)

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