Why Brocade Communications Systems, Inc. Stock Plunged 11.5% Today

IMAGE SOURCE: Brocade Communications Systems.What: Shares of Brocade Communications Systems (NASDAQ: BRCD) fell 11.5% Monday after the company issued disappointing preliminary quarterly results.So what: For its fiscal second quarter ended April 30, Brocade now anticipates revenue to be in the range of $518 million to $528 million, down from its previous outlook for revenue of $542 million to $562 million.

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