Brocade Gets Unfriended by the Sell-Side

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Well…they loved it yesterday…

  192 RAS 09:55 S&P EQUITY CUTS BROCADE COMMUNICATIONS SYSTEMS BRCD…

  191 RAS 09:45 CANACCORD ADAMS CUTS BROCADE COMMUNICATIONS SYSTEMS BRCD…

  183 RAS 09:00 RBC CUTS BROCADE COMMUNICATIONS SYSTEMS BRCD TO SECTOR PERFORM…

  178 RAS 08:34 WEDBUSH CUTS BROCADE COMMUNICATIONS SYSTEMS BRCD PRICE TARGET…

  177 CAN 08:19 GOLDMAN SACHS CUTS BROCADE COMMUNICATIONS SYSTEMS BRCD…

  172 RAS 07:58 STIFEL CUTS BROCADE COMMUNICATIONS SYSTEMS INC BRCD TO HOLD FROM…

  171 CAN 07:33 JEFFERIES CUTS BROCADE COMMUNICATIONS SYSTEMS BRCD TO…

Brocade ($BRCD) spits the bit with an ugly full year outlook and all the sell-side analysts unfriend it this morning.  How helpful these calls are for the investors who were involved, um, yesterday!

The stock is down 20% plus this morning and looks like its brakes were manufactured by Toyota.  Ucchhh.

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