This morning Universal Corp (NYSE:UVV) was downgraded by Davenport to neutral from buy.
Shares of Universal are down 11%.
Oceaneering International (NYSE:OII), a provider of engineered products and services primarily to the offshore oil and gas industry, is seeing shares down 8% today based on uncertainty about future legislation of deepwater drilling. Shares of Baker Hughes (NYSE:BHI) seem to be suffering the same ailment, with their stock currently down by 6.6%.
Blue Coat Systems (BCSI) provided an outlook for the first quarter, saying they expect net revenue in the range of $121 to $126 million. On a GAAP basis, the Company currently expects net income of $0.21 to $0.26 per diluted share. On a non-GAAP basis, the Company currently expects net income of $0.35 to $0.40 per diluted share.
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