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Enter Symbol:
 
Blue Coat Systems Inc (BCSI) [hlAlert]

Rating:
Outperform
BCSI
down 11.14 %

Blue Coat Systems Inc (BCSI) upgraded to Outperform with price target $34 by Wedbush Morgan

Posted on: Wednesday,  Feb 24, 2010  10:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Blue Coat Systems Inc (NASDAQ: BCSI) on 02/24/2010, when the stock price was $29.06.
Since then, Blue Coat Systems Inc has lost 11.15% as of 02/15/2012's recent price of $25.82.
If you would have followed this Wedbush Morgan's recommendation on BCSI, you would have lost 11.14% of your investment in 721 days.

Blue Coat Systems, Inc. sells a family of proxy appliances and related software and services. The Company?s products provides its end user customers with information about the applications and Web traffic running on their networks, including the ability to discover, classify, manage and control communications between users and applications across internal networks, the wide area network (WAN) and the Internet. Its products enable its end user customers to secure their Internet gateways and remote computer systems by providing protection from malicious code, or malware and objectionable content. On June 6, 2008, the Company acquired Packeteer, a provider of WAN traffic prioritization technologies.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2010 10:25 AM Buy
None
29.06 34.00
as of 12/31/2010
1 Week down  -5.73 %
1 Month up  5.60 %
3 Months up  16.74 %
1 YTD down  -3.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/27/2009 9:25 AM Hold
None
10.37 12.00
11/26/2008 9:25 AM Hold
None
8.47 11.00
11/13/2008 9:25 AM Hold
None
9.36 13.00
8/22/2008 10:25 AM Hold
None
19.10 20.00
7/14/2008 10:25 AM Hold
None
12.81 16.00
5/23/2008 10:25 AM Hold
None
18.08 20.00
4/22/2008 10:25 AM Hold
None
21.13 21.00
1/16/2008 10:25 AM Buy
None
27.84 36.00
10/3/2007 11:25 AM Buy
None
40.65 22.00
8/23/2007 11:25 AM Buy
None
39.32 44.00
6/28/2007 11:25 AM Buy
None
25.03 28.00

(*) Stock Price at the time of the recommendation.
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