) is due with Q4 results in the extended-hours session tonight. The
Capital IQ consensus analyst estimate is for earnings of $0.18 per
share on $556 million in revenue.
BRCD favors more aggressive next-day same-direction trade than a
reversal pattern over the last 11 years. The stock has added to its
extended-hours performance in next-day regular session trade in 23
of its last 42 earnings events and narrowed or reversed in the
other 19. In the near-term, the stock favors widening its share
move between the sessions, doing so in 10 of the last 16
Looking deeper into the performance data, BRCD favors the short
side. It has recorded an earnings-driven after-hours decline in 21
of the quarters tracked in our database, widening that downside
move in next-day action in 11 of those events, or 52% of the time.
The stock is about evenly mixed on the long side, splitting its
trade between either widening or narrowing its earnings-driven
gains in follow-on regular session play.
On Aug. 13, 2013, BRCD advanced 14.9% in evening trade after
beating on Q3 and setting a mixed outlook. The stock added modestly
to its upside the next day, ending up 15.8% in the Aug. 14 regular
On May 16, 2013, BRCD dropped 4.8% in after-hours trade on the
back of mixed results and guidance. The stock narrowed its decline
the next day, ending the May 17 regular session off 3.4%.
On Feb. 14, 2013, BRCD advanced 4.1% in evening trade after
beating Q1 estimates. The stock cut its upside the following day,
ending the Feb. 15 regular session up 2.3%.
On Nov. 19, 2012, BRCD shed 2.1% in night trade after beating Q4
expectations. The stock cut its downside the next day, ending the
Nov. 20 regular session off 0.7%.
On Aug. 16, 2012, BRCD declined 0.5% in evening trade after
beating on Q3 EPS and missing on revenue. The stock reversed
direction the next day and ended up 2.3% in the Aug. 17 regular
On May 17, 2012, BRCD dipped 0.8% in after-hours trade despite
beating Q2 estimates. The stock slumped even lower the next day,
ending the May 18 regular session down 6.5%.
On Feb. 21, 2012, BRCD gained 5.4% in night trade on the back of
a Q1 earnings beat. It narrowed its gains the next day, closing the
Feb. 22 regular session up 2.6%.
On Nov. 21, 2011, BRCD firmed 5.5% in evening trade after
posting better-than-expected Q4 results. The stock surged higher
the following day, ending the Nov. 22 regular session up 13.1%.
On Aug. 18, 2011, BRCD declined 3.3% in after-hours action after
meeting Q3 revenue expectations and beating on earnings. The stock
saw its declines evaporate the next day, ending the Aug. 19 regular
session up 3%.
On May 19, 2011, BRCD edged up 0.6% in after-hours trade after
beating Q2 earnings estimates. The stock surged higher the
following day, ending the May 20 regular session up 6.5%.
On Feb. 17, 2011, BRCD advanced 4.3% in evening trade after
beating Q1 expectations. The stock added to its upside the
following day, closing the Feb. 18 regular session up 5.9%.
On Nov. 22, 2010, BRCD slumped 4% in after-hours trade despite
beating Q4 expectations. The stock tumbled deeper in the red the
next day, closing the Nov. 23 regular session down 10%.
On Aug. 18, 2010, BRCD tumbled 6% in evening trade after missing
Q3 revenue expectations. The stock added modestly to its downside
the next day, closing the Aug. 19 regular session off 7.6%.
On May 20, 2010, BRCD slid 8% in after-hours activity on
lower-than-expected Q2 sales. Shares extended those losses the
following day, ending the regular session down 8.7%.
On Feb. 22, 2010, the stock fell 11.9% after an earnings beat
but a revenue miss for Q4. Shares dropped 23% the next day.
On Nov. 24, 2009, BRCD shed 2.6% in pre-market trade after
posting results just ahead of expectations. The stock continued
heading south in that day's regular session, ending down 8.9%.
On Aug. 20, 2009, the stock fell 5.3% after missing with
revenue. Shares dropped 4.8% the next day.
In the May 21, 2009 pre-market session, BRCD advanced 7.5% after
a Q2 beat. Shares were up 14.4% in the regular session.
On Feb. 19, 2009, the stock fell 1.2% after a revenue miss but a
beat with its latest earnings. The loss swelled to 9.1% the next
On Nov. 20, 2008, the stock gained 2.5% after beating with Q4
results. Shares reversed to close down 0.3% the next day.
On Aug. 13, 2008, BRCD advanced 3% in pre-market trade after
beating Q3 expectations. It reversed that gain just slightly in the
following regular session, ending the day up 2.9% by the Aug. 13
On May 14, 2008, the stock fell 2.7% during evening trading even
after BRCD beat with Q2 EPS by a penny and topped with revenue. The
loss was trimmed to 0.6% by the closing bell the next day.
On Feb. 14, 2008, the stock was up 1.1% during evening trading
after beating by a penny with EPS but missing with revenue. The
gain swelled to 13% the next day.
On Nov. 29, 2007, the stock fell 1.9% during the evening hours
after BRCD reported ahead of the Street with EPS but shy with
sales. The loss stretched to 5.8% the next day.
On Aug. 23, 2007, BRCD eased 1.5% in after hours when the
company met Q3 sales estimates and topped on EPS. However, it also
provided Q4 guidance that was mostly below Street views. Shares,
though, recovered the next day to end the regular session up
On May 31, 2007, BRCD slipped 1.2% in night trade after beating
Q2 estimates but guiding for Q3 sales to miss. Shares tumbled 8.1%
in the next day session.
On Feb. 26, 2007, the stock was up 6.1% in the evening session
after BRCD reported above the Street view with its Q4 results. The
gain was trimmed to 5% the next day.
On Nov. 21, 2006, shares gained 4.2% in the evening session
after the company reported above the Street with earnings and
guided in line to higher. The stock jumped 10.8% the next day.
On Aug. 17, 2006, BRCD rose 5.3% in night trade after topping Q3
estimates and guiding for Q4 to be above Street views. Shares,
though, eased off those gains and closed the next day session up
On May 18, 2006, BRCD jumped 6% in after hours when the company
beat Q2 EPS estimates and guided for Q3 results to be above Street
estimates. However, the shares couldn't hold all their gains and
ended up 3.2% in the following day's regular session.
On February 16, 2006, BRCD gained 5.6% in after-hours when the
company topped Q1 estimates and offered Q2 and FY06 sales guidance
above Street estimates. The shares strengthened a bit further the
next day, ending the regular session up 6%.
On Dec. 6, 2005, BRCD advanced 2% in pre-market trade after the
company reported better-than-expected Q4 results. The upside failed
to hold through the regular session as BRCD ended the day down
On Aug. 18, 2005, BRCD declined 2.8% in evening trade after
beating on revenue and meeting on EPS. It cut back its downside
slightly the next day, closing the Aug. 19 regular session off
On May 19, 2005 BRCD slipped 3.3% in night trade after the
company matched expectations but guided below Street estimates. It
was hit for a deeper decline on May 20, losing 11.3% by the closing
On Feb. 16, 2005 BRCD advanced 3.2% after the company beat
expectations and set its outlook in line to slightly higher than
the current Street views. The stock firmed to a 4.4% rise by the
close of the Feb. 17 regular session.
BRCD edged down 0.8% the night of Nov. 22, 2004 after the
company reported better-than-expected Q4 results and mostly in-line
guidance for Q1. The stock closed out the Nov. 23 regular session
down a more aggressive 3.9%.
Prior to the Nov. 22-23 timeframe, BRCD had developed a clear
narrowing pattern following its previous earnings events, crossing
narrower next-day closing levels in its last three earnings
On Aug 18, 2004 BRCD slid 2.8% in after-hours trade after
reporting in-line results and a revenue outlook that could either
meet or fall below current expectations. It closed the Aug. 19
regular session down 2%.
In its previous two earnings reports BRCD also narrowed its
declines and gains, in fact reversing an after-hours decline of
1.3% the night of May 19 to end the next day up 6.8%.
Prior to those earnings reports it had posted wider next-day
moves in its last three regular sessions, post-earnings.
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