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Procera Networks, Inc. Message Board

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  • pkarnett83 pkarnett83 Feb 4, 2013 9:42 AM Flag

    Oracle to buy network gear maker Acme Packet for $1.9 billion

    I don't know all of the specifics on APKT financials, but in their last quarter they did $65m in revenue. This was actually down from $70m the previous year. And looks like around $370m in cash and equivalents. So at $1.9b, they are being priced at cash + 6x sales.

    Given the same metrics, PKT should be valued at $600m, which is about 70% higher than current price.

    This is a crude estimate, but it gets the idea across that PKT is severely undervalued.

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