U.S. Markets close in 5 hrs 6 mins

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:

http://www.activewallst.com/register/

Today, AWS is promoting its blog coverage on BRCD and DOX. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

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%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street