Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

First Albany Upgrades Blue Coat Systems

First Albany upgrades web security appliance company Blue Coat Systems (BCSI).

Analyst Scott Zeller says he is upgrading Blue Coat Systems to buy from neutral with a $30 price target.

He bases his upgrade on several risk factors being mitigated in the past several weeks, solid fourth-quarter results, strong forward guidance, and continued positive field checks on Blue Coat Systems products.

Zeller notes several cautionary points on Blue Coat Systems have been addressed, including Sarbanes-Oxley, costs of lawsuits, and third-party revenues. He says, while risk remains (SEC), he believes there has been substantial improvement in the risk/reward profile at Blue Coat Systems.

He raises his 70 cents fiscal 2006 (ending April) earnings per share estimate to $1.03, and sees $1.60 fiscal 2007 earnings per share.

blog comments powered by Disqus