Investopedia: Brocade Has More To Prove

Brocade (Nasdaq:BRCD) is another one of those small tech stocks beset by worries that the market is changing out from underneath them, and that the Goliaths of the tech space ((Cisco (Nasdaq:CSCO), Hewlett-Packard (NYSE:HPQ), Juniper (NYSE:JNPR) and Dell (Nasdaq:DELL)) are going to chew away their business. Certainly the recent performance of the company and the valuation of the stock suggest little optimism, but this may yet be a name to consider for aggressive turnaround investors. Although this quarter's beat and raise proves nothing, at least there are some positive marks in the ledger for 2011.

An Encouraging End to the Year  
Brocade's results for the fourth quarter were not all that impressive at first look. Revenue was basically flat with last year and up 9% on a sequential basis. Storage area network (SAN) revenue was down about 4% from last year, with the smaller IP business offsetting that with 11% growth. Still, Brocade beat the consensus guess of year-on-year revenue decline, and surpassed the high end of the range as well.

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