On November 21, 2016, US-based (SPY) Brocade Communications (BRCD) announced its fiscal 4Q16 results and reported revenues of $657 million. The company’s revenues rose 12% YoY (year-over-year) and 11% quarter-over-quarter.
BRCD’s non-GAAP (generally accepted accounting principles) diluted EPS (earnings per share) rose to $0.33 in fiscal 4Q16 from $0.21 in fiscal 3Q16 and $0.26 in fiscal 4Q15. In fiscal 2016, Brocade reported revenue of $2.34 billion and rose 4% YoY. Non-GAAP EPS rose 3% YoY to $1.04 in 2016 as well.
Receive e-mail alerts for new research on BRCD:
Interested in BRCD?
Don’t miss the next report.
In the company’s earnings call, Chief Executive Officer Lloyd Carney stated: “Fiscal 2016 was a year of significant accomplishment. We delivered record revenue and expanded our market reach to address critical requirements at the network edge through our acquisition of Ruckus Wireless. In addition, we provided our customers with significant innovations across our product portfolio, including Gen 6 Fibre Channel, data center automation, Ruckus Cloud Wi-Fi, and next-generation data center routing.”
Analysts estimated that Brocade Communications (BRCD) would post revenues of ~$640 million for fiscal 4Q16. Analysts’ low estimate was ~$635.9 million, and the high estimate was $642.3 million. Brocade’s earnings per share are estimated to come in at $0.22, with a high estimate of $0.27 and a low estimate of $0.21.
Brocade has a market cap of $4.9 billion. Peer companies NetApp (NTAP), Hewlett-Packard Enterprise (HPE), and Cisco (CSCO) have market caps of $10.3 billion, $38 billion, and $151 billion, respectively.
Continue to the next part of this series for a look at Brocade’s main business segments: SAN (storage area network) and IP Networking.