Pacific Crest Analysts Begin Coverage on Procera Networks (PKT)

By admin | 6 years ago

Analysts at Pacific Crest initiated coverage on shares of Procera Networks (NYSE: PKT) in a research report issued to clients and investors on Monday. The firm set an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on PKT. 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. Separately, 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. Finally, analysts at Northland Securities raised their price target on shares of Procera Networks from $17.00 to $24.00 in a research note to investors on Wednesday, February 22nd. They now have an “outperform” rating on the stock.

Shares of Procera Networks remained flat at $18.99 during during mid-day trading trading on Monday. Procera Networks has a one year low of $7.12 and a one year 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 issued its quarterly earnings data on Tuesday, February 21st. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.11. Procera Networks’s revenue was up 108.0% compared to the same quarter last year. 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.

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