Blue Coat Systems Inc. (BCSI)

Sector: Technology

Industry: Business Software & Services

Website: http://www.bluecoat.com

Description:

Blue Coat Systems, Inc. engages in the design, development, and sale of proxy appliances, and related software and services that optimize and secure the delivery of business applications and other information to distributed users over a wide area network (WAN) or the public Internet/Web. Its secure Web gateway products include ProxySG appliance to provide virus scanning, and also provide the IT administrator with visibility into and control of enterprise Web communications; ProxyAV family of Web anti-virus appliances for enterprises to scan for viruses, worms, spyware, and Trojans at the Internet gateway; and WebFilter, a content filtering database to protect enterprise and service provider users and networks from Internet threats, and inappropriate content and traffic.

The company’s WAN optimization products include ProxySG client software that serves as the foundation for secure Web gateway products and WAN optimization offerings; ProxyRA appliances to enable authorized mobile users to securely connect to a corporate network through a mobile client device; reporter software to collect transaction log data; and director appliance to manage an enterprise’s Blue Coat ProxySG appliances.

Its application performance monitoring products include PacketShaper appliance to provide granular visibility into network utilization and application performance; PolicyCenter software to enable IT administrators to manage the configuration, policy management, software distribution, and adaptive response tracking of various PacketShaper appliances; and IntelligenceCenter software to provide application performance monitoring for PacketShaper appliances deployed in various enterprises.

The company was formerly known as CacheFlow, Inc. and changed its name to Blue Coat Systems, Inc. in August 2002. Blue Coat Systems, Inc. was founded in 1996 and is headquartered in Sunnyvale, California.

The following table shows key indicators of Blue Coat Systems and comparable firms:

Reasons to Buy:

· 2010 IPv6 Application Solution Pioneer award. Development of new technology.

· Five-Star Partner Rating by Everything Channel

· Leader in Security Gateway Appliance market for 12 consecutive quarters

· High earnings growth

Reasons to Sell:

· Low earnings per share

· High price to earnings ratio

Sources:
http://finance.yahoo.com/q?s=BCSI
http://quote.morningstar.com/stock/s.aspx?t=bcsi