Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Brocade Communications Systems, Inc.    BRCD

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Arris nears deal to acquire Brocade's networking business - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2017 | 05:40am CET

Set-top box maker Arris International Plc (>> ARRIS International plc) is nearing a deal to acquire Brocade Communications Systems Inc's (>> Brocade Communications Systems, Inc.) networking equipment business for roughly $1 billion, people familiar with the matter said on Tuesday.

Set-top box maker Arris International Plc (>> ARRIS International plc) is nearing a deal to acquire Brocade Communications Systems Inc's (>> Brocade Communications Systems, Inc.) networking equipment business for roughly $1 billion, people familiar with the matter said on Tuesday.

An acquisition of the Brocade unit, which makes equipment that boost high-speed internet service for consumers and businesses, would add a suite of products to Arris' portfolio that can serve areas with high demand for bandwidth, such as universities and airports.

The deal could be announced as early as Wednesday, the sources said, cautioning there was always a chance for the negotiations to end without a deal. The sources asked not to be identified because the discussions were confidential.

Arris and Brocade, which is set to be acquired by chipmaker Broadcom Ltd (>> Broadcom Ltd) in a $5.5 billion deal that is pending regulatory approval, declined to comment.

The divestiture of Brocade's networking unit, if completed, would be the first sale of assets that Broadcom is aiming to complete, and likely the most valuable, the sources said.

Broadcom has said that it plans to sell Brocade's networking business to avoid competing with its top customers such as Cisco Systems Inc (>> Cisco Systems, Inc.).

Broadcom declined to comment.

Most of the unit, known as the "network edge" business, was obtained by Brocade as part of its $1.5 billion acquisition of Ruckus Wireless last year.

Reuters reported last month that Suwanee, Georgia-based company Arris was one of the bidders for the unit.

Arris, which has a market capitalization of $5.6 billion, makes electronics such as modems and set-top boxes used by cable and satellite companies. It closed a deal last year to buy British rival Pace Plc for $2.1 billion, and incorporated itself in Britain in a deal structured as a corporate tax inversion.

(Reporting by Liana B. Baker in New York; Editing by Himani Sarkar)

By Liana B. Baker

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BROCADE COMMUNICATIONS SYS
02/22 Arris nears deal to acquire Brocade's networking business - sources
02/21 BROCADE COMMUNICATIONS : Procera Networks and Brocade partnership improves visib..
02/20BROCADE COMMUNICATIONS SYSTEMS, INC. : quaterly earnings release
02/16 BROCADE COMMUNICATIONS : Ruckus Wireless Expands Cloudpath Ecosystem with New Se..
02/15 BROCADE COMMUNICATIONS : Introduces Ruckus Cloudpath ES 5.1 Software to Secure C..
02/10 BROCADE COMMUNICATIONS : To showcase innovations for managed services at mobile ..
02/07 BROCADE COMMUNICATIONS SYSTEMS, INC. : BRCD) Files An 8-K Departure of Directors..
02/07 BROCADE COMMUNICATIONS SYSTEMS INC : Change in Directors or Principal Officers, ..
02/02 BROCADE : to Announce First Quarter 2017 Results on February 23, 2017
01/27 BROCADE COMMUNICATIONS SYSTEMS INC : Submission of Matters to a Vote of Security..
More news
Sector news : Communications & Networking - NEC
02/22 Arris nears deal to acquire Brocade's networking business - sources
02/17 CANADA'S MACDONALD DETTWILER TO BUY : Dow Jones
02/17 Canada's MacDonald Dettwiler to buy DigitalGlobe - Dow Jones
02/17DJCISCO : Correction to Cisco Article on Feb. 16
02/17DJCISCO : Results Hurt by Weaker Market for Networking Devices -- 2nd Update
More sector news : Communications & Networking - NEC
News from SeekingAlpha
02/22 Notable earnings after Thursday?s close
02/22 Buffett Swings At Fat Pitch
02/17 GLAZER CAPITAL : Merger Arbitrage With Convertibles - A Lower Risk Alternative
02/15 Top Merger Stocks Held By Fund Managers (Mid-Q1 2017 Edition)
02/07 Heads, You Win; Tails, You Still Win
Advertisement
Financials ($)
Sales 2017 2 580 M
EBIT 2017 561 M
Net income 2017 246 M
Finance 2017 65,1 M
Yield 2017 1,42%
P/E ratio 2017 25,01
P/E ratio 2018 25,62
EV / Sales 2017 1,92x
EV / Sales 2018 1,74x
Capitalization 5 029 M
More Financials
Chart BROCADE COMMUNICATIONS SYS
Duration : Period :
Brocade Communications Sys Technical Analysis Chart | BRCD | US1116213067 | 4-Traders
Full-screen chart
Technical analysis trends BROCADE COMMUNICA...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 12,4 $
Spread / Average Target -0,13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lloyd A. Carney Chief Executive Officer & Director
Dave L. House Chairman
Gale E. England Chief Operating Officer & Senior VP-Operations
Daniel W. Fairfax Chief Financial Officer & Senior Vice President
Ken K. Cheng CTO, SVP-Corporate Development & Emerging Business
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BROCADE COMMUNICATIONS..-1.04%5 029
CISCO SYSTEMS, INC.12.94%171 124
QUALCOMM, INC.-12.96%84 339
TELEFONAKTIEBOLAGET LM..3.83%21 352
HARRIS CORPORATION8.34%13 746
MOTOROLA SOLUTIONS INC-3.31%13 219
More Results