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Fly News Breaks for April 5, 2016
HPE, BRCD
Apr 5, 2016 | 08:41 EDT
After Brocade (BRCD) agreed to buy Ruckus Wireless (RKUS), BMO Capital says that Brocade is "paying a fair price to acquire an attractive asset." The firm adds that the deal provides Brocade with exposure to a growing market and should enable it to compete more effectively with Cisco (CSCO) and HP Enterprise (HPE). Additionally, the firm thinks that Brocade will benefit from Ruckus' strength in the service market vertical. It keeps a $10 price target and Market Perform rating on Brocade.
News For BRCD;HPE From the Last 2 Days
