NEW YORK ( TheStreet) -- Network equipment maker Brocade (BRCD - Get Report) will be reporting first-quarter earnings on Thursday and I will be paying close attention to see if it presents sufficient justification to remain on my watch list. For as much as I have been an unabashed cheerleader of Cisco (CSCO - Get Report) and the rest of the networking sector, Brocade has always been a name I have kept at arm's length.Mainly, the stock has always been too expensive for me. I have never been able to justify paying for an equity that trades almost three times the price-to-earnings ratio of the market leader, Cisco, while also lagging in both operating and gross margins. That never really sat well with me.
Is Brocade a Buy Ahead of Earnings?
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