Brocade's growth plan will kick into gear in fiscal 2015, according to CEO Lloyd Carney, driven by software defined networks and Ethernet networking technology.
Yahoo! is a big mover in premarket trading on Wednesday.
Brocade shares surged during Tuesday trading, lifted by better-than-expected results in a tough spending climate.
Brocade eased past Wall Street's estimates in its fourth-quarter results, side-stepping the spending pressures that impacted rival Cisco.
Cisco shares, which tanked following the company's first-quarter results on Wednesday, crept up before market open.
Cisco shares tanked in extended trading after the networking giant missed Wall Street's first-quarter revenue estimate, although it comfortably beat analysts' earnings projection.
Four months after taking the company's top position, Emulex CEO Jeff Benck has shifted the server components focus in an effort to boost profitability and shareholder value.
Investors want to see whether Cisco can shrug off spending woes that have weighed on other heavyweights when it reports earnings tonight.
Dish Network shares climb in premarket trading, boosted by better-than-expected third-quarter results.
Emulex has announced a $200 million share repurchase, expanded cost savings and board changes.