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Tech Stocks Analysis! Brocade Communications Systems (BRCD), FireEye (FEYE)

Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended Tuesday session in green amid volatile trading. The shares closed up +0.07 points or 0.81% at $8.74 with 2.37 million shares getting traded. Post opening the session at $8.80, the shares hit an intraday low of $8.71 and an intraday high of $8.81 and the price vacillated in this range throughout the day. The company has a market cap of $3.47 billion and the numbers of outstanding shares have been calculated to be 400.87 million shares.

Brocade Communications Systems, Inc. (BRCD) announced that IT solutions and services giant Fujitsu has successfully deployed Brocade® Workflow Composer to enhance the functionality of its virtual desktop-as-a-service (V-DaaS) offering. The network automation platform increases the agility and security of Fujitsu’s V-DaaS operations by aligning the network with IT operations and tool chains. As a result, V-DaaS customers can streamline their digital transformation while increasing business innovation and gaining a competitive advantage.

The initial impetus for the Brocade Workflow Composer deployment stemmed from V-DaaS customer requests for enhanced security, with Fujitsu investigating ways to automate isolation of virtual desktops that have suffered a security incident from the rest of the V-DaaS network. Fujitsu considered a variety of potential solutions, including internal development and third-party software, before selecting Brocade Workflow Composer because it simplifies the automation of cross-domain workflows on the V-DaaS network.

Shares of FireEye Inc (NASDAQ:FEYE) ended Tuesday session in green amid volatile trading. The shares closed up +0.15 points or 1.21% at $12.53 with 2.23 million shares getting traded. Post opening the session at $12.58, the shares hit an intraday low of $12.35 and an intraday high of $12.58 and the price vacillated in this range throughout the day. The company has a market cap of $2.06 billion and the numbers of outstanding shares have been calculated to be 169.68 million shares.

FireEye Inc (FEYE) announced it will release financial results for its third quarter 2016 on Thursday, November 3, 2016 after the close of the U.S. markets. FireEye will host a conference call the same day at 5 p.m. ET (2 p.m. PT) to discuss the results.

Interested parties may access the conference call by dialing 877-312-5521 (domestic) or 678-894-3048 (international). A live audio webcast of the call may be accessed from the Investor Relations section of the company’s website at http://investors.fireeye.com. Shortly after the conclusion of the call, an archived version of the webcast will be available at the same website.

 

 

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