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Brocade (BRCD) is up 6% after beating FQ4 estimates, and guiding (.pdf - see page 27) for FQ1...

Brocade (BRCD) is up 6% after beating FQ4 estimates, and guiding (.pdf - see page 27) for FQ1 revenue of $530M-$550M and EPS of $0.12-$0.14, compared with a consensus of $535.3M and $0.11. Though Brocade's storage switch revenue fell 4% Y/Y, partly due to competition from CSCO's FCoE switches, it rose 10% Q/Q, better than expected. In addition, Brocade saw 14% Q/Q growth in Ethernet switch sales. (transcript)
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