Blue Coat Systems shares are trading sharply lower this morning after the Web security and wide-area network optimization software company reduced its earnings outlook and disclosed a management shake-up.

FORBES: Blue Coat Cuts Outlook; Shakes Up Management; Stock Slides

Blue Coat Systems shares are trading sharply lower in the after-hours session Thursday after the Web security and wide-area network optimization software company reported disappointing guidance for the July quarter.

FORBES: Blue Coat Systems Slides On Disappointing Q4 Guidance

The networks and network security sectors, the latter an area where Juniper is very active, have seen their share of recent consolidation activity.

FORBES: Network Stocks: A View From Washington