JP Morgan Maintains Underweight Rating on Brocade Communications

A report from J.P. Morgan reiterates its Underweight rating on Brocade Communications

. The report states, “We expect shares of Underweight-rated Brocade to exhibit a decent rebound in the near term. Following the Jul-Q disappointment, Brocade delivered a strong beatand-raise for the Oct-Q results and Jan-Q outlook. In our view, the overall earnings call was in stark contrast to recent reports from Dell, NetApp, and HP.” BRCD closed yesterday at $4.48.