Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended Tuesday session in red amid volatile trading. The shares closed down -0.13points or -1.44% at $8.88 with 5.44 million shares getting traded. Post opening the session at $9.09, the shares hit an intraday low of $8.87 and an intraday high of $9.09 and the price vacillated in this range throughout the day. The company has a market cap of $3.59 billion and the numbers of outstanding shares have been calculated to be 400.87 million shares.
Brocade Communications Systems, Inc. (BRCD) announced that it will host and conduct a live webcast of its annual Investor Day on Wednesday, September 21, 2016, in order to provide strategic direction on the company’s business and initiatives, and to provide a financial update.
Taking place from 9:00 a.m. to 12:15 p.m. EDT (6:00 a.m. to 9:15 a.m. PDT), the event will feature presentations from Brocade’s executive leadership:
Lloyd Carney, Chief Executive Officer
Dan Rabinovitsj, Chief Operating Officer, Ruckus Wireless Business Unit
Jason Nolet, Senior Vice President, Switching, Routing and Analytics
Jack Rondoni, Vice President, Storage Networking
Dan Fairfax, Chief Financial Officer
Please take this unique opportunity to hear about the strategic plans for the company as it prepares for its 2017 fiscal year. To access the live webcast, please go to www.brcd.com. A replay of the webcast will be available at www.brcd.com for approximately one year.
Shares of T-Mobile US Inc (NASDAQ:TMUS) ended Tuesday session in red amid volatile trading. The shares closed down -1.43 points or -3.11% at $44.50 with 5.30 million shares getting traded. Post opening the session at $46.25, the shares hit an intraday low of $44.49 and an intraday high of $46.25 and the price vacillated in this range throughout the day. The company has a market cap of $37.79 million and the numbers of outstanding shares have been calculated to be 822.74 million shares.
On September 21, 2016 Nokia and T-Mobile US, Inc. (TMUS) continue to expand their collaborative partnership to show the capabilities of 5G technology with recent achievements around a pre-standards 5G test network. The 5G air interface lab test used T-Mobile`s 28GHz spectrum and Nokia`s commercial 5G-ready AirScale radio platform. This resulted in industry leading connection speeds and throughput rates of several gigabits per second and real-time latency of 1.8 milliseconds while streaming four simultaneous 4K videos.
Nokia and T-Mobile are also partners in innovative application demonstrations at the operator`s experience center, which highlight ultra-definition 360° Virtual Reality, extreme industry automation, massive connectivity and multi-connectivity. These applications preview how 5G technology can meet the future expectations of high growth device connections, zero-latency, mission critical solutions and applications, interactive augmented reality entertainment, and automation in many industries like transportation, health and manufacturing.
Nokia and T-Mobile plan further network testing and application validation, putting into place the necessary steps for standardizing 5G technology.
Neville Ray, chief technology officer, T-Mobile, said: “We`ve now brought 5G out of the lab and into the field. With Nokia`s partnership, we`re seeing the kind of astounding data speeds and low latency that are hallmarks of 5G and set the standard for future network performance.”
Ricky Corker, executive vice president and head of North America for Nokia, said: “5G is quickly shifting into another gear. We`re excited to be working alongside T-Mobile to help drive their 5G plans and show what the future of mobile communications can be for T-Mobile`s Un-carrier customers.”