Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading lower after it beat earnings estimates at $0.12 EPS vs. $0.11 estimates, but $493.3 meg in revenues was lighten than expected. The CEO said that predicting a recovery is like grabbing water… Sometimes saying less is better than more…. At 8:47 AM EST we have seen 1.6 meg shares change hands and the stock was down most 6.8% at $7.50 after approaching yesterday at $8.05. This drop this morning is on the heels of over 661,000 shares having traded after the close Thursday. Average volume here is 15 meg shares and the 52-week high is $9.02. -JON OGG
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