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Including Ruckus $BRCD expects 4Q16 SAN product revenue to be up 1-4% QoverQ and IP Networking product revenue to be up 17-22% QoverQ. The company expects non-GAAP GM to be between 66.5-67.5% and non-GAAP operating margin to be between 19.0-20.5% for 4Q16. Non-GAAP EPS is expected to be between $0.21-0.23 for 4Q16.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.