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Blogs about BCSI

Blogs	Description	Date Updated
Analyst initiations: MGRM, IPG and BCSI	Filed under: DaimlerChrysler (DAI), Analyst initiationsMOST NOTEWORTHY: Monogram Biosciences, Interpublic Group and Blue Coat Systems were today's noteworthy initiations: JMP Securities said Monogram Biosciences (NASDAQ: MGRM) has a broad platform enabling it to develop multiple personalized medicine product offerings and has significant growth prospects from its HIV diagnostic business and its diagnostic test in oncology. Shares were initiated with an Outperform rating and $3.50 target....	June 24, 2008
Blue Coat’s NeSmith Sees FY Q1 Revs, EPS Flat With Q4	Blue Coat Systems (BCSI) expects revenue and profits for its fiscal first quarter ending July to be flat with the fiscal fourth quarter, CEO Brian NeSmith said this morning in an interview with Tech Trader Daily. That would suggest revenue for the quarter of $88.2 million and profits of 33 cents a share; the Street has been looking for $92 million and 31 cents. As noted earlier, Blue Coat this morning reported profits for FY Q1 ended April 30 that were short of both Street expectations and the ...	May 22, 2008
Wednesday's Upgrades and Downgrades	UpgradesPAREXEL (PRXL)- First Analysis Sec Equal-Weight » Overweight Volterra Semi (VLTR)- Collins Stewart Hold » Buy Medco Health Solutions (MHS)- UBS Neutral » Buy Medco Health Solutions (MHS)- Citigroup Hold » Buy National City (NCC)- Bernstein Mkt Perform » Outperform Blue Coat (BCSI)- Stifel Nicolaus Hold » Buy Medco Health Solutions (MHS)- Jefferies & Co Hold » Buy St. Mary Lnd/Expl (SM)- Jefferies & Co Hold » Buy Volterra Semi (VLTR)- Piper Jaffra...	April 23, 2008
Analyst downgrades: NCC, HST, PKTR and FTE	Filed under: Analyst reports, Analyst upgrades and downgradesMOST NOTEWORTHY: Host Hotels, Packeteer and France Telecom were today's noteworthy downgrades: Deutsche Bank downgraded shares of Host Hotels (NYSE: HST) to Hold from Buy and lowered their target to $19 from $22.50 on a lack of near-term catalysts and industry headwinds. Note the firm also downgraded Sunstone Hotel Investors (NYSE: SHO), Strategic Hotels (NYSE: BEE) and DiamondRock Hospitality (NYSE: DRH) to Hold from Buy. ...	April 22, 2008
Monday's Upgrades and Downgrades	UpgradesBoyd Gaming (BYD)- KeyBanc Capital Mkts Underweight » Hold Lakeland (LBAI)- FTN Midwest Neutral » Buy Charles Schwab (SCHW)- BMO Capital Markets Market Perform » Outperform Google (GOOG)- Collins Stewart Hold » Buy BB&T Corp (BBT)- Fox Pitt Underperform » In Line Google (GOOG)- Jefferies & Co Hold » Buy Ultratech (UTEK)- Brean Murray Hold » BuyBaxter (BAX)- William Blair Mkt Perform » Outperform MKS Instruments (MKSI)- JP Morgan Neutral » Overwe...	April 21, 2008
Analyst downgrades: ABH, GSK, AZN and COF	Filed under: Analyst reports, Analyst upgrades and downgrades, Nokia Corp. (NOK)MOST NOTEWORTHY: AbitibiBowater, GlaxoSmithKline, AstraZeneca and Capital One were today's noteworthy downgrades: Lehman downgraded AbitibiBowater (NYSE: ABH) to Equal Weight from Overweight citing dilution from the recent $350M convertible offering, cost pressures, and a more cautious outlook near-term for pulp markets. JP Morgan cut GlaxoSmithKline (NYSE: GSK) and AstraZeneca (NYSE: AZN) to Underweight...	April 18, 2008
Blue Coat Shares Whacked; Likely Hit By Riverbed Miss	Blue Coat Systems (BCSI) shares are down sharply today, apparently pressured by last night’s earnings warning from Riverbed (RVBD), a rival in the wide-area network optimization sector. There is no other news or analyst commentary on Blue Coat this morning that would explain today’s decline. As noted earlier, Riverbed’s estimate on first quarter revenues came up short of expectations. “Macro-economic trends caused a lengthening sales cycle, primarily for domestic enterp...	April 04, 2008
Blue Coat Initiated at Collins Stewart at Buy	Data networking security equipment vendor Blue Coat Systems (BCSI) received a Buy rating out of the shoot today at Collins Stewart as analyst Gabe Lowy initiated coverage with a $29 price target. Lowy thinks the company can continue a streak of four quarters beating estimates in a row, and he thinks the roughly $850 million worth of shares in the company are cheap after a 60% decline from October. Blue Coat sells hardware devices with specialized software that stands in front of corporate server...	March 24, 2008
Analyst initiations: GB and BCSI	Filed under: Analyst initiationsMOST NOTEWORTHY: Greatbatch and Blue Coat Systems were today's noteworthy initiations: Piper assumed coverage of Greatbatch (NYSE: GB) with a Neutral rating and $19.50 target as they believe acquisition-related expenses will weigh on near-term bottom-line results. Collins Stewart believes shares of Blue Coat Systems (NASDAQ: BCSI) are highly attractive at current levels. The firm started shares with a Buy rating and $29 target. OTHER INITIATIONS:...	March 24, 2008
Blue Coat: FY Q3 Beats Ests; Q4 Guidance Tops The Street; But The Stock Is Sliding; Focus On Gross Margins	This one is a little peculiar. Blue Coat System (BCSI), which supplies WAN optimization software, is trading sharply lower today despite a strong earnings report for its fiscal third quarter ended January 31, and solid guidance for the April quarter. My suspicion here is that people are focused on a slightly drop in gross margins. For the January quarter, Blue Coat reported revenue of $81.4 million and EPS of 38 cents, above the Street at $80.1 million and 33 cents. For the April quarter, the c...	February 21, 2008

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