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

Brocade (BRCD) Stock Gains Ahead of Q3 Results

NEW YORK (TheStreet) -- Shares of Brocade Communications Systems (BRCD) were advancing on heavy trading volume mid-afternoon Tuesday ahead of the company's 2016 fiscal third quarter results, due out after Thursday's closing bell.

Analysts are expecting earnings and revenue to decline year-over-year.

Wall Street is estimating that the data and storage networking company will post earnings of 16 cents per share on revenue of $573.2 million.

During the same period a year ago, San Jose, CA-based Brocade said it had adjusted...