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Blog Coverage Brocade's Ruckus Wireless Announces Cloud Wi-Fi Services for Service Providers Across the World; Teams up with Amdocs

LONDON, UK / ACCESSWIRE / February 28, 2017 / Active Wall St. blog coverage looks at the headline from Brocade Communications Systems, Inc. (NASDAQ: BRCD). Ruckus Wireless, a part of Brocade Communication Systems, announced on February 27, 2017, a collaboration where it has agreed to work with Amdocs (NASDAQ: DOX), a leading software, and service to communication provider, to deliver customizable and managed cloud Wi-Fi service to service providers across the world. The Ruckus Service Provider banks on industry-leading access points and cloud-managed and hosted, virtualized software platform to deliver vertically integrated Wi-Fi and LTE offerings as managed services. Register with us now for your free membership and blog access at:


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Prospects from the Agreement

This collaboration with Amdocs is viewed as an opportunity to deliver advanced solutions to clients, which provide added flexibility and customization. Amdocs, owing to its operation span of more than 30 years, is competent enough to deliver managed services to communications and media service providers. Amdocs is set to strengthen Ruckus's portfolio and expand the Company's efforts to enable service providers with Wi-Fi and LTE solutions.

This agreement is beneficial to the service providers as it offers minimal operational expenses with reduced internal R&D investment and ongoing lifecycle management to deliver differentiated solutions rapidly. In other words, service providers will now have the feasibility to customize managed services offering for unique needs where they can install it in the cloud of their choice and integrate it with multiple management systems and support packages.

Ruckus's Growth Portfolio

This collaboration with Amdocs is viewed as an opportunity to deliver a level of differentiation and control for wireless LAN offerings, not yet experienced by a majority of service providers before. The collaboration is set to strengthen Company's stronghold into the sector while creating new market diversification opportunities for both the Companies.

Amdocs currently operates across more than 85 countries with a workforce of 25,000 employees. For the FY16, Amdocs reported net full-year revenues of $3.7 billion.

Public Internet Service Initiatives

Ruckus Wireless, a part of Brocade, additionally announced an agreement with Intersection, an urban experience Company, on February 27, 2017, to deliver high-speed public Wi-Fi to city streets and transit hubs around the globe. The Company aims to bank on the rapidly developing smartphone and IoT infrastructure where it would deliver free, sustainable connectivity through the convergence of world-class wireless technology, digital services, and a viable business model, backed by advertising.

Ruckus plans to leverage the portfolio and infrastructure from the lead Company behind LinkNYC, to deliver free gigabit public Wi-Fi while using reliable and high-performance connection from the Company. LinkNYC is probably the largest and fastest free public Wi-Fi initiative in the world. The project is set to be expanded to London and other cities across the United Kingdom.

Enterprise Managed Services Portfolio

Ruckus Wireless, in addition to the Public Wi-Fi initiative and solutions for service providers, announced a fully customized solution to deliver high-value managed services for enterprise customers on February 27, 2017. Ruckus's flagship service, Ruckus Service Provider (SP) Cloud is a managed service offering aimed at delivering enterprise Wi-Fi through the Company's industry-leading access points while designing platform for the upcoming LTE service through the Ruckus' OpenG technology, and wired networking through Brocade ICX switches.

Ruckus SP Cloud enables service providers to deliver as per their brand value while monitoring the required resources and fastening the time-to-market gap while enabling them to develop one of the largest and fastest growing presences in the enterprise managed services market. Ruckus SP Cloud is designed to be customizable, deployable, and managed by system integrators while offering a flexible and cost-effective platform for multiple high-performance enterprises managed networking services.

Brocade Growth Strategies

Prior to this agreement, last week, on February 22, 2017, Arris International PLC (NASDAQ: ARRS) announced an agreement where ARRIS along with Broadcom will acquire Brocade Communication Systems Inc.'s Ruckus Wireless and ICX Switch business for approximately $800 million, excluding the additional unvested employee stock awards. Ruckus's portfolio is set to be accretive to Broadcom's platform where the Company would deliver wired and wireless networking technologies across multiple institutions.

Brocade has aimed for inorganic growth in the public sector by offering free Wi-Fi services while leveraging on advertising for revenues, hence executing a definitive growth strategy to deliver added cash inflows for the Company.

Earnings Highlights

Brocade released its Q1 FY17 results on February 23, 2017, where it reported net revenues of $581 million for the three-month period.

Stock Performance

At the close of trading session on February 27, 2017, Brocade Communications Systems' share price finished the trading session at $12.32, slightly sliding 0.08%. A total volume of 2.95 million shares exchanged hands. The stock has advanced 19.03% and 26.71% in the last six months and past twelve months, respectively. Furthermore, the stock is trading at a PE ratio of 44.32 and has a dividend yield of 1.79%. At Monday's closing price, the stock's net capitalization stands at $5.03 billion.

At the closing bell, on Monday, February 27, 2017, Amdocs' stock marginally climbed 0.07%, ending the trading session at $60.80. A total volume of 970.71 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 641.45 thousand shares. In the last month and previous twelve months, shares of the Company have advanced 3.81% and 7.10%, respectively. Moreover, the stock gained 4.38% since the start of the year. The stock currently has a market cap of $8.87 billion. The Company's shares are trading at a PE ratio of 22.52 and have a dividend yield of 1.45%.

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SOURCE: Active Wall Street