Analysts at Piper Jaffray reiterate their “overweight” rating on Blue Coat Systems (NASDAQ: BCSI). The target price for BCSI is set to $32.
Piper Jaffray expects BCSI to report their January quarter results in-line with or ahead of the guidance. The valuation of BCSI’s stock is extremely attractive.
BCSI is up 3.82% to $25.51 since morning.
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