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
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
