Blue Coat Systems Stock Gaps Up On Today's Open (BCSI)
Shares of Blue Coat Systems (Nasdaq:BCSI) were gapping up Friday morning with an open price 13.6% higher than Thursday's closing price. The stock closed at $16.91 yesterday and opened today's trading at $19.21.
NEW YORK ( TheStreet) -- Shares of Blue Coat Systems (Nasdaq: BCSI) were gapping up Friday morning with an open price 13.6% higher than Thursday's closing price. The stock closed at $16.91 Thursday and opened today's trading at $19.21. The average volume for Blue Coat Systems has been 689,200 shares per day over the past 30 days. Blue Coat Systems has a market cap of $666.8 million and is part of the technology sector and computer software & services industry. Shares are down 43.4% year to date as of the close of trading on Thursday. Blue Coat Systems, Inc. designs, develops, and sells products and services that secure, accelerate, and optimize the delivery of business applications, Web content, and other information to distributed users over a wide area network (WAN) or the public Internet/Web. The company has a P/E ratio of 21, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Blue Coat Systems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Blue Coat Systems Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.