Blue Coat Systems Set New High For Year Wednesday

Posted on: Fri, 27 Nov 2009 08:44:00 EST


Symbols: BCSI
(RTTNews) - Blue Coat Systems (BCSI | Quote | Chart | News | PowerRating) reported second quarter EPS of $0.29 after the bell Tuesday, which topped the consensus estimate of $0.26. The company expects to report third quarter EPS of $0.31 to $0.36, compared to the consensus estimate of $0.31.

Blue Coat Systems gapped up slightly Wednesday and rose sharply in early trade. The stock settled into a range for the majority of the session, but finished up by $1.60 at $27.27 on above average volume. Shares climbed past resistance Wednesday and set a new high for the year.

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For full details on Blue Coat Systems Inc (BCSI) BCSI. Blue Coat Systems Inc (BCSI) has Short Term PowerRatings at TradingMarkets. Details on Blue Coat Systems Inc (BCSI) Short Term PowerRatings is available at This Link.

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