Brocade Communications Systems Second Quarter Earnings Sneak Peek

Brocade Communications Systems, Inc. (NASDAQ:BRCD) will unveil its latest earnings on Thursday, May 17, 2012. Brocade Communications Systems is a supplier of networking equipment, including end-to-end Internet Protocol based Ethernet networking solutions and storage area networking solutions for service providers such as telecommunication firms and cable operators.

Brocade Communications Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 8 cents per share, a decline of 11.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 8 cents during the last month. For the year, analysts are projecting net income of 43 cents per share, a rise of 38.7% from last year.

Last quarter, the company came in at profit of 15 cents per share against a mean estimate of net income of 10 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts predict a decline of 1.6% in revenue from the year-earlier quarter to $541.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Brocade Communications Systems with 19 of 26 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit rose more than twofold to $58.6 million (12 cents a share) from $27.2 million (6 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2.7% to $560.6 million from $546 million.

Stock Price Performance: Between February 15, 2012 and May 11, 2012, the stock price fell 76 cents (-13.1%), from $5.79 to $5.03. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 9.2% (+57 cents) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight days, dropping 8.6% (-58 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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