Top Stories
Zhejiang Geely Completes Acquisition Of Ford's Volvo Car Corp - Quick Facts 1452 days ago
Mindspeed's Comcerto 300xv Processor Cuts Fiber-Access Equipment Costs And Power Consumption For VoIP Service Delivery 1452 days ago
Magic Software Enterprises Q2 Profit Rises - Quick Facts 1452 days ago
British Land , Blackstone JV Signs Deal For Leases With UBS - Quick Facts 1452 days ago
Clearwire And City Of Grand Rapids Announce CLEAR 4G Internet Service For Western Michigan 1452 days ago
more >>
 What´s New Page

Blue Coat Systems Inc Shows $23.6 Million Profit
By mmanish on Business News | Friday May 28, 2010 09:48 am
Blue Coat Systems Inc presented its fourth quarter report where it showed a profit of 49 cents a share or $23.6 million. This was in comparison to the loss suffered by the company of an amount of 9 cents a share or $3.5 million in the last year. In the latest quarter it can be said that on an adjusted basis the Company earned around40 cents a share.

The revenue no doubt climbed high from $113.6 million to $132.6 million. For the latest quarter, it was expected that the revenue would be around $126 million from $121 million.  It was expected by the analysts of the company that it would report an earning of 40 cents per share on the total revenue of $132.67 million. It was also expected that the earnings would be around 21 cents to 26 cents a share.

Thus it can be seen that on an adjusted basis the quarterly earnings would be of 35 cents to 40 cents a share. Currently the company expects a net income of 0.35 to $0.40 per share. It is also expected by the analysts that on the revenue of $132.10 million, there would be adjusted earnings of40 cents per share.    

The senior vice president of Blue Coat Systems Inc, Gordon C. Brooks claims that the strong financial results of the company were reported across several metrics like gross margin, revenue, cash flow as well as the operating profitability. He also said that the non-GAAP gross margin of the company increased to 78.7%.

Post Comments

Clenergen Corporation Enters Into Agreement to Supply Gasifcation Biomass Power Plant

Yesterday, during the session the stocks of Clenergen Corporation (OTCBB: CRGE), gained by 3.33%. A high of 0.630 was marked whereas a low of 0.550 was indexed. Today, the company announced that it...

The US Stock Market Looks for More Volatility over the Days to Come

The US stock market is on a volatile ride and it is likely that the volatility will not be lesser intense. The sovereign debt issues which are plaguing the debt issues in Europe and the currency...

Pick of the Day ATNP and KENS

Today's news on Atlantis Technology Group's (PINKSHEETS: ATNP) and Kenilworth Sys Corp (OTCBB: KENS) The Atlantis Technology Group's (PINKSHEETS: ATNP) is trading on a volume of 356.38 Mil shares....

Stocks that Gain after Hitting its 52-Week Low

Superior Oil and Gas Co (OTCBB:SIOR) – Yesterday we alerted SIOR since it was trading at its 52-Week Low.  This is an initial indication of a possible value play. We continue to cover SIOR today as...

The Second Quarter Earnings of California Pizza Kitchen On Decline

California Pizza Kitchen claimed on Monday that it now expects its second quarter earnings to be at a rate of 10 cents or 15 cents a share. Previously a forecast was made at an amount of 24 cents to...

Stocks Maintain it's Upward Graph

Stocks were all set for a big leap on the start of the trading on Wednesday. Stocks across S&P, NASDAQ, and Dow all had recorded increases in their values by 3.40 points or 0.31%, 15.00 points or...

How to Open a Brokerage Account Online

Technology has attributed advantages in every sphere of your life. The arrival of Internet has turned life into a rather easy affair. Now, it has even extended the benefit of stock trading online....

Mixed Reaction from the Chinese on Google’s Departure from China

It was reported on Friday by the China Business News that Google might announce its pull out from China soon. It was also reported that Google can declare this news on Monday. As a result, reactions...