On Wednesday, Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), remained flat and closed at $12.39 in the last trading session. The last trading range of the stock ranges between $12.36 and $121.46. Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol (IP) networking solutions for businesses and organizations worldwide. It operates through three segments: SAN Products, IP Networking Products, and Global Services. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, and fabric/embedded switches that assist customers in the development and deployment of storage and server consolidation, and disaster recovery and data security, in addition to to meet compliance requirements regarding data administration; and fabric extension, switching, and routing solutions. The IP Networking Products segment provides Layer 2 and Layer 3 switches and routers that are designed to connect users over private and public networks, counting local area, metro, and within and across data centers. This segment also provides converged network products; a portfolio of related software and hardware-based data networking offerings; and Layer 4-7 platforms, counting ADX and virtual application delivery controller products that are designed for application traffic administration and server load balancing activities. The Global Services segment offers break/fix maintenance, installation, consulting, network administration and software maintenance, and customer support services.
Companhia Siderurgica Nacional (ADR)(NYSE:SID), dropped -6.73% and closed at $3.05 in the last trading session. The last trading range of the stock ranges between $3.01 and $3.19. The company’s Market capitalization is $4.25 Billion with the total Outstanding Shares of 1.36 Billion. Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (SID) declares its results for the third quarter of 2016 (3Q16):
R$1,239 million EBITDA generated, a 45% increase over 2Q16, with 26% EBITDA Margin.
The Gross Profit registered RS1,311 million during 3Q16, 42% higher than 2Q16. The gross margin reached 30%, 9p.p. above 2Q16.
Steel EBITDA of R$552 million, with 19% EBITDA margin, 49% higher than 2Q16, showing the recovery of the steel sector in the domestic market.
Increase in steel sales in the domestic market. 62% participation vs. 53% during 2Q16.
8% steel price increase in the domestic market.
Iron Ore Sales of 10.2Mt, 7% higher than 2Q16.
Iron ore FOB price reached US$39/t, 28% higher than 2Q16.
Mining EBITDA of R$599 million, with 46% EBITDA Margin, 64% higher than 2Q16.
Adjusted net debt remained flat at R$25,842 million, while leverage fell by 0.9x, closing the quarter at 7.4x, as compared to 8.3x in 2Q16, thanks to raised EBITDA generation in the last 12 months.