Layer 7 Technologies News

It's always something with Brocade . Although takeover speculation gave a little life to the stock, the ongoing problems in the ethernet business and the sluggishness of the underlying storage market have sapped a lot of that momentum.

Brocade Communications Systems has added hardware-based support for the OpenFlow software-defined networking API and protocol to its NetIron and MLX series 100Gbps routers as part of a broader SDN strategy.

's stock had its "buy" rating restated by analysts at Needham & Company in a research report issued to clients and investors on Friday.

's stock had its "market perform" rating reiterated by equities research analysts at BMO Capital Markets in a research note issued to investors on Friday.

Good day, ladies and gentlemen, thank you for standing by, and welcome to Brocade's Second Quarter 2012 Earnings Conference Call.

Brocade reported second quarter revenue of $543.4 million, representing a decrease of 1% year-over-year and 3% quarter-over-quarter and resulting in diluted earnings per share of $0.08 on a GAAP basis and diluted earnings per share of $0.15 on a non-GAAP basis, up 58% and 24% year-over-year, respectively.

McLean, VA , May 8, 2012 - immixGroup, Inc . was chosen as the Federal Distributor of the Year by Brocade .

The bulk of the trading has occurred at the May 5 strike, where approximately 2,600 of these puts have crossed -- almost all of them at the ask price, suggesting they were bought.

Shares of Brocade Communications Systems traded down 1.26% during mid-day trading on Thursday, hitting $5.48. Brocade Communications Systems has a 52 week low of $3.18 and a 52 week high of $7.30. The company has a market cap of $2.517 billion and a P/E ratio of 33.43. The company last announced its quarterly results on Tuesday, February 21st.

Layer 7 Technologies , a leading provider of Application Gateways for SOA integration, cloud connectivity and API management, today announced that it will be aggressively expanding its presence in the Asia-Pacific region.