Brocade Communications Systems (BRCD) Jumps on Strong Guidance

Brocade Communications Systems (NASDAQ:BRCD) is enjoying an analyst love-fest today, as the beat earnings expectations and guidance was better than analysts were looking for.

Canaccord Genuity and Wedbush maintained their "Buy" rating on Brocade, while ThinkEquity and Wunderlich raised their rating to "Buy."

Deutsche Bank (NYSE:DB) didn't join the herd on this one, saying, "Our latest IT checks suggest continued volatility in Brocade’s sales and OEM partner execution – a trend that we anticipate to persist through FY11/12. The bar set by Cisco’s (NASDAQ:CSCO) Nexus switches and the upcoming Juniper’s (NASDAQ:JNPR) Stratus switch is likely to be steep for Brocade to overcome."

Brocade was trading at $6.56, gaining $0.54, or 8.97 percent, as of 11:49 AM EST.