What does BRCD mean in NASDAQ Symbols?

Brocade Communications Systems

Brocade is an American technology company specializing in storage networking products, now a subsidiary of Broadcom Inc. The company is known for its Fibre Channel storage networking products and technology. Prior to the acquisition, the company expanded into adjacent markets including a wide range of IP/Ethernet hardware and software products. Offerings included routers and network switches for data center, campus and carrier environments, IP storage network fabrics; Network Functions Virtualization (NFV) and software-defined networking (SDN) markets such as a commercial edition of the OpenDaylight Project controller; and network management software that spans physical and virtual devices. On November 2, 2016, Singapore-based chip maker Broadcom Limited announced it was buying Brocade for about $5.5 billion. As part of the acquisition, Broadcom divested all of the IP networking hardware and software-defined networking assets. Broadcom has since re-domesticated to the United States and is now known as Broadcom Inc.

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