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Actionable news in BRCD: Brocade Communications Systems, Inc.,

How Will Brocade (BRCD) Stock React to Q3 Beat?

NEW YORK (TheStreet) -- Shares of Brocade Communications Systems (BRCD) were higher on heavy trading volume after-hours on Thursday following the company's better-than-expected 2016 third quarter results.

After today's closing bell, the San Jose, CA-based networking hardware, software and services supplier reported earnings of 21 cents per share, beating Wall Street's expected 16 cents per share.

Revenue increased 7% year-over-year to $591 million, surpassing analysts' projected $573.43 million.

During the same quarter last year, Brocade earned 27 cents per share on $552 million in revenue.

Brocade forecasts fourth quarter earnings to be...