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Procera Networks, Inc. Message Board

  • diletante7 diletante7 Jul 17, 2013 8:23 AM Flag

    Stifel Nicolaus Raises Price Target on PKT

    Analysts at Stifel Nicolaus raised their price target on shares of Procera Networks from $14.00 to $18.00 in a research note to investors on Wednesday. They now have a "buy" rating on the stock.

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    • I'm shocked by their lack of communication. Does anyone have any insight as to why they refuse to communicate? I've been a shareholder for over 4 years and this year is the only year I can remember where there was almost no news for months.

      • 1 Reply to searchnomoresd
      • Search you are picking up some bad habits from pk. This thread you just stepped on with your , ' No News Complaint " it is the wrong thread. This thread is about Stifel's price target increase.
        June quarter preview; raising target
        We expect Procera to report Q2 results in line to better versus consensus
        estimates of $17.3m. Our estimates are slightly lower at $16.4m, and consequently
        we are raising our estimates for the June quarter to $17.4m. The company entered
        the quarter with solid bookings (book to bill was 1.3) and a growing pipeline with 18
        tier-1 trials (including 3 with larger carriers). Additionally, with $2m spilling over
        from Q4 2012 in deferred revenues, we believe the set up going into Q2 was
        favorable. As a backdrop, Sandvine, a pure-play DPI competitor released strong
        2Q revenue results with 30% growth y/y, on July 3. Using these results as a
        read-thru indicates that growth in the DPI sector remains robust. After the drop in
        gross margins last quarter due to the one-time investment to develop a “big data”
        application for a large MSO customer (we believe Cox), we expect gross margins
        to rebound in Q2 to the low-60% range.
        Business momentum is solid: Customer announcements during Q2 were scarce
        with only one APAC MSO deal. However, we believe that this is reflective of the
        variability of closing contracts and even after they are closed, being able to
        announce them. Overall, we believe that the company continues to see solid RFP
        activity and demand globally. This is particularly true in Europe, the Middle East
        and Africa. We believe that there are a handful of large opportunities that the
        company is responding to in those regions and is well positioned competitively. We
        believe that at least one Middle East opportunity might be to displace a competitor.
        Some of these opportunities are moving from just analytics/monitoring to tiered
        services. For example, a mobile carrier in the Middle East is looking at offering free
        data and charging subscribers for

    • Great News / diletante7 excellent post thank you management must of communicated to their banker business is good !

11.500.00(0.00%)Jun 4 3:59 PMEDT