Blue Coat Systems Inc
The company, which has been struggling to grow revenue and facing increasing competition from a number of more nimble rivals, projected third-quarter revenue of $113-$120 million, compared with analysts' expectations of $108.2 million, according to Thomson Reuters I/B/E/S.
For the August-September quarter, Blue Coat earned $4.6 million, or 10 cents a share, compared with $12 million, or 25 cents a share, a year ago.
Excluding special items, earnings came in at 20 cents a share. Analysts were looking for earnings of 13 cents a share.
Blue Coat, which counts Websense Inc
Shares of the Sunnyvale, California-based company were up 17 percent to $19.77 in extended trading. They closed at $16.91 on Thursday on Nasdaq.
(Reporting by Siddharth Cavale in Bangalore; Editing by Viraj Nair)