Shares of Brocade Communications Systems, BRCD are sharply higher today, gaining more than 10% after rumors surfaced that IBM IBM may be looking at the company.
Brocade supplies end-to-end Internet protocol based Ethernet and storage area networking solutions for enterprises and service providers.
At last check, shares of Brocade were up 58 cents to $6.23.
Tech Trade at Barron's was the first place to report the rumor.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsBarron'sRumorsM&AMediaCommunications EquipmentComputer HardwareInformation Technology
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in