Market Movers: Brocade Communications Systems, Inc. (NASDAQ:BRCD), Monster Beverage Corporation (NASDAQ:MNST)

On Monday, Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), subtract -0.08% and shut at $12.37 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $12.36 and $12.45. The business’ commercial center capitalization is $4.97 Billion with the aggregate fabulous loads of 400.87 million. Brocade® ( NASDAQ : BRCD ) recently stated financial results for its fourth quarter and full fiscal year 2016 ended October 29, 2016. Brocade stated fourth quarter revenue of $657 million, a boost of 12% year-over-year and 11% quarter-over-quarter. Revenue for fiscal year 2016 was $2,346 million, up 4% year-over-year. GAAP diluted earnings per share (EPS) was $0.16 for the fourth quarter and $0.51 for fiscal year 2016, down 19% and down 35% year-over-year, respectively. Non-GAAP diluted EPS was $0.33 for the fourth quarter and $1.04 for fiscal year 2016, up 27% and up 3% year-over-year, respectively.

“Fiscal 2016 was a year of noteworthyaccomplishment,” said Lloyd Carney, CEO. “We delivered record revenue and expanded our market reach to address critical requirements at the network edge through our acquisition of Ruckus Wireless. In addition, we offered our customers with noteworthyinnovations across our product portfolio, counting Gen 6 Fibre Channel, data center automation, Ruckus Cloud Wi-Fi, and next-generation data center routing. With a range of new IP Networking solutions expected to launch in the first quarter of fiscal 2017, we continue to advance our roadmap and assist our customers transform their networks for digital business.”

Shares of Monster Beverage Corporation (NASDAQ:MNST), added 4.58% and shut at $43.59 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $41.55 and $43.71. The association’s commercial center capitalization is $23.80 Billion with the general uncommon loads of 570.98 million. Monster Beverage Corporation, through its auxiliaries, develops, markets, sells, and distributes energy drink beverages and its concentrates in the United States and internationally. It operates through three segments: Finished Products, Concentrate, and Other. The company provides carbonated energy, and non-carbonated dairy based coffee and energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. Monster Beverage Corporation sells its products under the Monster Energy, Nalu, Monster Rehab, NOS, Monster Energy Extra Strength Nitrous Technology, Full Throttle, Java Monster, Burn, Muscle Monster, Mother, Mega Monster Energy, Ultra, Punch Monster, Play and Power Play, Juice Monster, Gladiator, M3, Relentless, Übermonster, Samurai, BU, and BPM brands.

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