Seeking Alpha

Blue Coat Systems Inc (BCSI)

BCSI is defunct.
  • Feb. 10, 2012, 7:02 AM
    S&P announces that Akorn (AKRX) will replace Blue Coat Systems (BCSI) in the S&P SmallCap 600 Index. Shares of AKRX +4.5% premarket, BCSI inactive.
    | Comment!
  • Dec. 9, 2011, 10:16 AM
    In the wake of the Blue Coat Systems (BCSI +44%)-Thoma Bravo deal, rivals Riverbed Technologies (RVBD +4.4%) and Websense (WBSN +6.6%) are catching speculative bids.
    | Comment!
  • Dec. 9, 2011, 9:15 AM
    Premarket gainers: BCSI +44%. BCS +4%. CPST +4%. LYG +4%. DB +4%. AG +4%. ALU +3%. SIRI +3%. MT +3%. CMVT +3%.
    Losers: CTIC -15%. IVR -10%. LSCC -7%. PCYC -7%. AMR -7%. TXN -6%. DD -6%. ALTR -5%. STJ -3%.
    | Comment!
  • Dec. 9, 2011, 8:03 AM
    Blue Coat Systems (BCSI) agrees to be acquired by an investor group led by p-e firm Thoma Bravo in an estimated $1.3B deal. Under the terms of the agreement, shareholders will receive $25.81 in cash for each share in the provider of web security and applications company that they own. Shares +45.5% premarket.
    | Comment!
  • Nov. 18, 2011, 7:56 AM
    Web security provider Blue Coat Systems (BCSI) beats estimates with its FQ2 earnings report and issues FQ3 EPS guidance well-above the consensus of analysts. The company is making a transition away from a reliance on sales to the U.S. government which have fallen off sharply Y/Y. Shares +20.8% premarket.
    | Comment!
  • Nov. 10, 2011, 3:04 PM
    Cisco's (CSCO +6%) FQ1 report (I, II, III) isn't exactly spawning a huge rally in networking stocks, but a handful of names are outperforming in response. RVBD +3.8%. BRCD +3.4%. PKT +3.7%. JNPR +1.3%. BCSI +1.6%. PLCM +1.9%. (more on CSCO)
    | Comment!
  • Oct. 5, 2011, 11:53 AM
    Networking stocks are outperforming strongly today, as investors brush off Acme Packet's (APKT -11.9%) Q3 warning, and instead focus on beaten-down valuations. CSCO +4.2%. JNPR +8.5%. RVBD +5.1%. BCSI +6.2%. CIEN +3.3%. BRCD +3.5%.
    | Comment!
  • Sep. 2, 2011, 1:08 PM
    A day after Blue Coat Systems (BCSI) popped on a deal with an activist investor that's fueled hopes of a sale, Lazard's Ryan Hutchinson is upgrading shares to Neutral. While considering a buyout unlikely and describing Blue Coat's products as "legacy," Hutchinson thinks the aforementioned deal "limits short-term risk." (previously)
    | Comment!
  • Sep. 1, 2011, 2:57 PM
    Blue Coat (BCSI +7.8%) shares are up sharply after the software company discloses a short-term standstill agreement with Elliott Associates, which controls 9.9% of the its stock. Blue Coat agrees to share confidential information "for the purpose of Elliott’s evaluation of alternatives with respect to its investment,” which could include talks to sell the company.
    | Comment!
  • Aug. 17, 2011, 2:20 PM
    Blue Coat (BCSI) is now down 23.7% after reporting weak FQ1 results and announcing the departure of its CEO. Lazard, which had voiced concerns 2 weeks ago, is cutting its rating to Sell, believing "execution issues are intensifying" and macro problems also exist. Needam is cutting the company to Hold, believing a buyout is now less likely.
    | Comment!
  • Aug. 16, 2011, 4:55 PM
    More on the Blue Coat Systems (BCSI) miss: President and CEO Mike Borman is stepping down to be replaced by Greg Clark, formerly chief of Mincom.  Shares -15.8% AH. (PR)
    | Comment!
  • Aug. 16, 2011, 4:15 PM
    Blue Coat Systems (BCSI): Q1 EPS of $0.18 misses by $0.03. Revenue of $109.5M misses by $4M. Company guides for Q2 revenues to $103-$110M, below $116M Street forecast.  Shares -10% AH. (PR)
    | Comment!
  • Aug. 1, 2011, 10:46 AM
    Blue Coat Systems (BCSI) is down 2.4% after Lazard's Ryan Hutchinson downgrades the company to Netural. Hutchinson's channel checks suggest Blue Coat's integrated solutions for securing and optimizing the performance of Internet traffic aren't faring well. Competitor Riverbed (RVBD) plunged recently after reporting disappointing Q2 results.
    | Comment!
  • May. 27, 2011, 9:00 AM
    Premarket gainers: AATI +55%. RUE +15%. MRVL +9%. VHC +6%. LDK +4%. CVS +4%. STO +3%. IBN +3%. HMY +3%.
    Losers: MHS -11%. BCSI -7%. OVTI -4%. GLUU -4%. BWP -3%. CTICD -3%. WTW -3%. MMYT -3%.
    | Comment!
  • Jan. 20, 2011, 11:54 AM
    At least two analysts are bullish on F5 Networks (FFIV -22.6%) today, with Credit Suisse upgrading the stock to Outperform from Neutral, citing its best-in-class revenue, margins, and earnings/share. Gleacher & Co. also lifted its rating to Buy from Hold, noting the company's application delivery controller offers long-term growth.
    | Comment!
  • Jan. 20, 2011, 10:34 AM
    Network management provider Blue Coat Systems (BCSI) tumbles -7.3% after BofA Merrill Lynch downgraded it to Underperform from Neutral. Overall, networking vendors are suffering from the F5 Networks (FFIV -19.4%) earnings fallout. They include Aruba Networks (ARUN -6.7%), Cisco (CSCO -1.4%), and Juniper Networks (JNPR -3.7%).
    | Comment!
Visit Seeking Alpha's
Company Description
Blue Coat Systems, Inc., also referred to in this report as “we” or “us,” designs, develops and sells products and services that optimize and secure the delivery of business applications and other information to distributed users over a Wide Area Network (“WAN”), or the public Internet (also... More