After spending much of the past year hovering around a three-star rank, Blue Coat Systems
Following the recent hit that shares of Blue Coat Systems took after its unwelcome fiscal first-quarter earnings forecast, some CAPS members see an opportunity to jump into a beaten-down growth opportunity. The company reported a 17% jump in fiscal fourth-quarter revenue as many companies are resuming spending on technology, and ended up with a $17 million backlog compared with $6.1 million the same time last year.
Not to be discouraged by outlooks from competitors Cisco
Although Blue Coat may not get the same attention as larger players like Cisco, the company holds its own in the WAN optimization market. According to a market share report from Infonetics Research, Blue Coat has continued to lead the WAN optimization market through the first quarter -- a market Infonetics expects to grow by 29% over the next four years. The growth potential has worthy competitor Riverbed Technology
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