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

Brocade (BRCD) Stock Soars on Potential Sale

NEW YORK (TheStreet) -- Shares of Brocade Communications Systems (BRCD) were spiking 22.32% to $10.63 on heavy trading volume early Monday afternoon as Bloomberg reports that the network provider is in advanced discussions to sell itself.

A deal could be announced as soon as this week.

Potential buyers include component maker Broadcom (AVGO), sources told Bloomberg.

About 5.56 million shares of Brocade have been traded so far today, well above the...