Brocade (BRCD) Stock Falls On QLogic Fiscal First Quarter Warning
NEW YORK (TheStreet) -- Shares of Brocade Communications Systems were falling 4.98% to $11.36 on heavy trading volume Thursday after networking server and storage manufacturer QLogic warned it will report lower fiscal first quarter results than previously expected. QLogic lowered its fiscal first quarter EPS guidance to a range of 16 cents to 17 cents a share, well below its previous guidance of ... Read News
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