Options Brief: Brocade Communications Systems

Shares of Brocade Communications Systems BRCD are higher on the session by 6.98%, trading at $6.70. Overall call volume is now running at 3.89x the daily average, with 43% of all calls traded being purchases on the offer. 22,138 contracts have traded on the session so far. Brocade Communications Systems, Inc., incorporated on August 24, 1995, is a supplier of networking equipment, including end-to-end Internet Protocol (IP)-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers.