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Brocade Slides After Goldman Analyst Issues Cautious Comment

Author:

Shares of

Brocade Communications

(BRCD)

took a tumble after

Goldman Sachs

said it didn't expect the network storage equipment maker to deliver the same upside surprises seen in the last few quarters.

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The company recently lost $9.75, or 9.3%, to $95.25 in midday trading on the

Nasdaq

. The 52-week high is $133.69, and the low for the year is $38.19.

While Goldman analyst Laura Conigliaro reportedly made positive comments on Brocade this morning, she also cautioned that the San Jose, Calif., company's stock price had reached a high level and could face a potentially slowing growth rate.

Brocade is due to report its first-quarter earnings on Feb. 21. Analysts expect earnings of 12 cents a share, up from 3 cents a share last year, according to

First Call/Thomson Financial

.