Blue Coat Systems Inc. (BCSI) Soars On Improved Earnings
By Mark Moneymaster
November 25, 2009 11:53 AM
November 25, 2009 11:53 AM
Blue Coat Systems Inc. (NASDAQ: BCSI) soared by 7.5% to $27 in morning trading. The provider of Internet security for corporations forecast third-quarter profit excluding some items of at least 31 cents a share.
The performance of Blue Coat Systems Inc. (BCSI) beat the average analyst estimates, which was primarily responsible for the rise in Blue Coat Systems Inc. (BCSI) stock and the stock was looking poised for further gains as per candlestick movements.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
