Brocade is one of those companies that I believe is a solid, long term holding. I think it's possible that BRCD doubles within the next two years. Brocade is still considered a "speculative stock" to some, while others have it on their radar and know where it's headed. I'm not saying it's going straight up, but I am saying that I believe BRCD's trading range will steadily increase over time. You wouldn't be wasting time if you took a look and came to your own conclusion.
Some of the growing pains from the acquisition of McData have probably been resolved by now (elimination of certain departments/comparable positions, etc.). If you're on the speculative side: If Brocade beats estimates, this may be the last time to get in before 10. The analyst at Goldman, who downgraded the stock to a HOLD, has an $11 price target. Yesterday's selling, because of that news, has created a great entry point.
BRCD 1-yr chart