BROCADE COMMUNICATIONS SYSTEMS INC

Operating margin

5.2%

Net margin

9.1%

Return on equity

8.4%

Return on assets

4.3%

Return on capital (ROCE)

2.8%

Liabilities / assets

48.5%

Debt / equity

0.94×

Book value / share

$6.26

Revenue growth (YoY)

3.6%

Net income growth (YoY)

−37.2%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Altman Z″ (distress)

3.28safe

Accruals / assets

−4.0%clean

Beneish M-Score

-2.50normal

Piotroski F-Score

4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

• Other material eventNov 27, 2017
• Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · Debt acceleration / triggering event · Delisting / listing-standard notice · Change in control · Director / officer change · Other material eventNov 17, 2017
• Completed an acquisition or dispositionOct 30, 2017
• Other material eventOct 3, 2017
• Results of operationsAug 24, 2017
• Other material eventAug 23, 2017
• Entered a material agreement · Costs from exit or disposalAug 15, 2017
• Other material eventJul 18, 2017

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.