Orlando, FL -- (SBWIRE) -- 08/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On: Advanced Micro Devices, Inc. (NYSE:AMD), Brocade Communications Systems, Inc. (NASDAQ:BRCD).
Brocade Communications Systems, Inc.(NASDAQ:BRCD) shares jumped 15.80% to $7.99. The company on August 13 said its fiscal third-quarter profit more than doubled as the manufacturer of data and storage-networking products recorded a $76.8 million litigation settlement gain, as well as higher margins.
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For the quarter ended July 27, Brocade reported a profit of $118.7 million, or 26 cents a share, up from $43.3 million, or nine cents a share, a year earlier. Adjusted per-share earnings rose to 19 cents from 14 cents. Revenue slid 3.4%, to $536.6 million. In May, Brocade projected an adjusted per-share profit between 11 cents to 13 cents on revenue of $510 million to $530 million.
Advanced Micro Devices, Inc. (NYSE:AMD) shares increased 3.52% to $3.82. The company announced that Senior Vice President and General Manager, Global Business Units Lisa Su will present at the Citi Global Technology Conference at 9:45 a.m. EDT on Wednesday, September 4, 2013 in New York.
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Additionally,AMD‘s stock had its “outperform” rating reaffirmed by investment analysts at Wells Fargo & Co. in a note issued to investors on August 6.
Moreover, the company on July 30 announced a new low-power Accelerated Processing Unit (APU) in the award-winning AMD G-Series SOC family with the GX-210JA, further reducing x86 power requirements for embedded designs. The new GX-210JA APU, a full System-on-Chip (SoC) design, uses one third less energy than the previous low-power Embedded G-Series SOC product while providing industry-leading graphics capabilities.
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