Blue Coat Systems (BCSI) reported second quarter EPS of $0.29 after the bell Tuesday, which topped the consensus estimate of $0.26. The company expects to report third quarter EPS of $0.31 to $0.36, compared to the consensus estimate of $0.31.
Blue Coat Systems gapped up at the open Wednesday and has continued to rise sharply. Shares are currently up 2.01 at $27.68. The stock has climbed above a month and a half long range and has set a new high for the year.
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