Networking storage company
reaffirmed its third- and fourth-quarter guidance Monday night, saying profits were on track and demand continued to be strong.
The company reiterated its previous guidance of third-quarter earnings per share of 8 cents on revenue of $145 million to $150 million, and fourth-quarter EPS of 10 cents on revenue of $160 million to $165 million. Both quarters' estimates are in line with the consensus analyst estimate provided by Thomson Financial/First Call.
At an analyst meeting, the company said, "Demand is more robust than ever and our deal size continues to grow as we see companies deploying SANs on an enterprise-wide basis. Our end customer pipeline is larger than ever, and demand for the Brocade SilkWorm 12000 Core Fabric Switch remains extremely strong."
Shares of Brocade were up about 1.3% to $18.50 in Instinet premarket trading on the news after closing at $18.27 Monday.