Blue Coat Systems Shares Plunge 21% on 1Q Outlook
May 28, 2010 at 12:17 PM EDT
Shares of Blue Coat Systems Inc. (BCSI) plunged more than 21 percent Friday, recording the biggest retreat in Russell 2000 Index. The provider of application delivery networking for corporations said it expects to earn $0.35 $0.40 cents per share, excluding items, on revenue of $121 million to $126 million, trailing the average analyst estimates [...]
