Raymond James Analysts Begin Coverage on Procera Networks (PKT)
A number of other analysts have also recently weighed in on PKT. Analysts at Pacific Crest initiated coverage on shares of Procera Networks in a research note to investors on Monday, April 30th. They set an “outperform” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Procera Networks to $28.00 in a research note to investors on Wednesday, February 22nd. Finally, analysts at Stifel Nicolaus raised their price target on shares of Procera Networks to $23.00 in a research note to investors on Wednesday, February 22nd.
Shares of Procera Networks remained flat at $18.99 during during mid-day trading trading on Tuesday. Procera Networks has a 52 week low of $7.12 and a 52 week high of $24.20. The company has a market cap of $275.2 million and a P/E ratio of 67.82.
Procera Networks last announced its earnings results on Tuesday, February 21st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. The company’s revenue for the quarter was up 108.0% on a year-over-year basis. On average, analysts predict that Procera Networks will post $0.05 earnings per share next quarter.
Procera Networks, Inc. (Procera) is a provider of network traffic awareness, analysis and control solutions based on deep packet inspection (DPI) technology for a range of broadband service providers worldwide.