Blue Coat Systems (NASDAQ: BCSI) is seeing shares surge in early pre-market trading after its earnings release.
The data monitoring company posted earnings of $0.38 non-GAAP EPS on a 73% revenue jump to $81.4 million, while First Call estimates were $0.33 EPS and $80.1 million. It also gave a forecast of $0.37 to $0.41 EPS on revenues of $88 to $91 million, while First Call has estimates at $0.35 EPS on $85.2 million.
The most recent analyst calls have been positive, and Lazard Capital and Brean Murray have both just started this with a Buy over the last two weeks. We have an average current analyst target price of $38.57, so even with this jujmp in shares its stock price is well under "valuation limits: from the current analyst crowd.
Shares are trading up some 12% at $32.00 in early pre-market trading.
Jon C. Ogg
February 21, 2008
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.