rose today after the company posted strong quarterly results and projections Wednesday.
Shares of the computer storage network component maker were recently up 12%, or $18.38, to $172.25 in
Brocade posted fourth-quarter earnings of $27.2 million, or 22 cents a share, ahead of the
First Call/Thomson Financial
consensus of 20 cents a share and well ahead of the 3 cents a share earned in the same period last year. The company also announced a 2-for-1 stock split and said revenue should grow sharply in the next fiscal year.