Brocade Communications Systems

CEO: Lloyd Carney

Dec. 30, 2016: $12.49

June 30, 2017: $12.61

Change: +0.96%

Networking technology supplier Brocade Communications Systems agreed to be acquired by semiconductor maker Broadcom for $5.9 billion ($12.75 per share) in a deal announced Nov. 2. The companies now expect to complete the acquisition in August and there has been very little change in the company's stock price since the deal was announced.

Once the acquisition closes, Broadcom will retain Brocade's Fibre Channel SAN switching business and divest other parts of Brocade's business. That includes selling Brocade's IP networking operations – including the Ruckus Wireless business Brocade bought in 2016 for $1.2 billion – to Arris International and Brocade's data center networking business to Extreme Networks.