Best Stocks Alert - (NASDAQ:BRCD) EPS Beats Estimates, But shares down

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Brocade Communications Systems, Inc. (NASDAQ:BRCD)  fell 6.64% to $7.28 after its fiscal fourth-quarter net income slipped to $33.6 million, or 7 cents a share, from $35.6 million, or 9 cents, in the year-earlier period. Excluding special items, the latest earnings were 15 cents a share. The networking equipment maker said revenue for the period ended in October rose 31% to $521.8 million. Analysts polled by Thomson Reuters had estimated Brocade would report 13 cents a share of profit and $521.8 million in revenue.

Brocade Communications Systems, Inc. (Brocade) is a supplier of data center networking solutions that help enterprises connect and manage their information. The Company offers a line of data center networking hardware, software products and services. The Company is organized in four operating units: The Data Center Infrastructure (DCI), The Server Edge and Storage (SES), The Services, Support and Solutions (S3) and The Files (Files). Brocade products and services are marketed, sold to end-user customers through distribution partners, including original equipment manufacturers (OEMs), distributors, systems integrators, value-added resellers (VARs) and by Brocade directly.