After Hours Motley Fool article, could pop at the open
Article on Motley Fool posted 7:30pm Tuesday:
Buckle up It wasn't just new business that helped propel Procera Networks' third-quarter results, but follow-on orders from existing customers caused revenues to jump 158%, bookings to increase 360%, and profits to nearly triple.
Using its intelligent policy enforcement technology to become the central intelligence point by small- to mid-sized ISPs building out their networks, they're able to gain insight into what's happening on their networks while retaining scalability. The thing is, it's not just small carriers, but governments, educators, and mobile providers, too. Tier 1 cable and mobile carriers in Asia are signing up as well, while here it home it got a $3 million follow-on order from a Tier 1 cable operator that's been keeping tabs on Netflix's (Nasdaq: NFLX ) streaming service.
As mobile and broadband network operators seek to manage the rapid growth of data, they have lots of companies to choose from, including leading players such as Cisco (Nasdaq: CSCO ) . Increasingly though, they're choosing Procera.
Despite such compelling results and a stock price that's tripled over the past year, Procera still flies under the radar of most of Wall Street and Main Street. Fewer than 100 CAPS members have weighed in on the operator, and only two analysts follow it, yet 97% of those investors rate it to outperform the market, as do both pros.
CAPS member pchop123 believes the company has "great potential," so add Procera to the Fool's free portfolio tracker and tell us on the Procera Networks CAPS page whether the really intelligent thing here is to climb aboard the stock now.
My favorite part was where it said, "As mobile and broadband network operators seek to manage the rapid growth of data, they have lots of companies to chooses from, including leading players such as Cisco. . . Increasingly though, they're choosing Procera."
Sounds like many customers are convinced that Procera has the best product in granular DPI.