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Procera Networks, Inc. Message Board

petercohen33 155 posts  |  Last Activity: Jan 23, 2015 6:57 PM Member since: Nov 23, 2010
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  • Procera Networks Inc. (PKT), under attack from activist shareholders, has tapped Stifel Financial Corp. to shop the business, according to three sources familiar with the situation. For the Fremont, Calif.-based network equipment maker, the move comes after investor Ronald Chez in October urged the board to evaluate strategic alternatives, including a sale. Chicago-based hedge fund Castle Union LLC joined Cehz about a week later and disclosed its 5% stake in Procera, arguing that the company is undervalued and should be sold. Castle Union subsequently increased its stake to 6.6% in December. 'They're not distressed, but they're losing share,' said an industry source about Procera.'They're the third player in a three-man race.' In the communications equipment space, Procera competes with Hod Hasharon, Israel-based Allot Communications Ltd. (ALLT) and Waterloo, Ont.-based Sandvine Corp. (SVC). Toan Tran, a managing partner of Castle Union, told The Deal in October that he believed Procera could be sold for $12 per share or more and that it could garner interest from strategics such as Sandvine, Allot, F5 Networks Inc. (FFIV), Cisco Systems Inc. (CSCO) and Ericsson Inc. (ERIC). He also said that of the two players Procera directly competes with 'Sandvine and Allot' the former would be a better buyer because Allot and Procera would be a tough cultural fit. Sources said Procera's recent board shift could bode well for a sale. The company appointed Tom Sapanos as new chairman in October, and the person he replaced, Scott McClendon, was known to be against selling Procera. Procera's stock hit a high of $20 range in 2012. On Friday, shares finished at $9.15, a 5% rise from Thursday and up 28% for the year thus far. Castle Union told The Deal last month that it will launch a proxy fight and nominate at least four board members if Procera doesn't publicly start a strategic review process by the end of January.

  • Reply to

    Seeking Alpha

    by petercohen33 Jan 23, 2015 4:09 PM
    petercohen33 petercohen33 Jan 23, 2015 6:51 PM Flag

    wedge I spoke to a contact at Stifel they still maintain their Hold Rating if they were hired to sell the Company they would have to immediately pull their rating and go to restricted. The shorts have been very aggressive last two days creating a tremendous amount of artificial supply to preclude Procera from technically breaking out.
    Jan daily shorts
    1/21, 76,046, 21.3%, 357,727, +0.34
    1/22, 87,352, 24.6% 355,060 +0.01
    I personally think this article was a plant by A Institutional long
    Procera is now trading at a 1X of EV there is no takeout premium in this name and if a buyer does want this franchise I am confident Procera shareholders will not get short changed. I also share bronk & sloop personal feeling now is not the time to sell but if they receive a unsolicited offer than hopefully a partner with deep pockets like INTC or HPQ will step up to the plate and pay at least 3X's EV. Procera is a valuable asset / tuck-in to any company that wants to increase there offering & expertise in Data & Mobile. IBM , CSCO are a few other Mega Capitalized Companies one would think would be interested in PKT. Bottom line this puppy has a heart beat now , shorts were provided with a golden opportunity to cover at a nominal premium to cash. Tax loss selling was pervasive due Earning Prerelease on Oct 9th for 3 months from Oct - Dec I do not understand why shorts did not take advantage perfect opportunity to do a 180 go from being short to long but even ardent long time bulls who I respect felt when this stock traded at 0.5X of cash the risk reward was not attractive. Nice to end the week on a upbeat note , nice to see the shorts air of complacency was a big mistake very encouraging week of trading for Procera after sustaining a surreal beat down which lasted forever and overshot in a Huge Way / Abyss Valuation 0.25 EV at $6.

  • petercohen33 by petercohen33 Jan 23, 2015 4:09 PM Flag

    Procera +5.2%; company reportedly exploring sale • 4:05 PM

    Eric Jhonsa, SA News Editor
    •TheDeal reports Procera (NASDAQ:PKT) has hired advisors to help it explore a sale. Activist Merriman Capital has to be pleased.
    •Though having jumped over the last two months in response to new contracts and a Q4 pre-announcement, the deep packet inspection hardware specialist remains far below a 2012 high of $25.99. Procera has nearly $5/share in cash/investments on its books.

  • petercohen33 petercohen33 Jan 23, 2015 11:13 AM Flag

    F5 bulls eye security, mobile growth after sales miss • 12:27 AM
    •Stifel cut F5 (NASDAQ:FFIV) to Hold on account of the company's FQ1 revenue miss and light FQ2 guidance. But Buckingam Research upgraded to Buy due to the resulting nosedive, and a few other sell-side firms defended the ADC/security hardware vendor, generally arguing non-ADC growth opportunities will help the company rebound.
    •D.A. Davidson's Mark Kelleher: "F5 offers the most complete application delivery platform in the market. Its [TMOS OS] provides the foundation for a wide variety of Application Delivery modules, allowing the company to continuously expand its total addressable market ... we expects its security portfolio to drive significant growth.
    •William Blair's Jason Ader: "We see this as an execution blip for F5 rather than anything reflective of a weak macro environment or structural issues in the business ... In retrospect, we believe that management was overly optimistic on the heels of a stellar second half of fiscal 2014 and misread timing on a handful of large deals in the seasonally soft first quarter."
    •Credit Suisse's Vlad Rom is upbeat about F5's exposure to enterprise app deployments and (through its Diameter signaling offerings) 4G buildouts, as well as its security growth. But he cautions "security/wireless product ramps are necessary to drive mid-teens revenue growth," given the core ADC market's growth is set to slow to the mid-single digits. Barclays' Ben Reitzes raised similar concerns.
    •Pac Crest's Brent Bracelin notes shares now go for only 10x his 2016 free cash flow estimates on an EV/FCF basis. They finished Thursday trading down 10%.

  • petercohen33 petercohen33 Jan 22, 2015 12:19 PM Flag

    photo it comes down to guidance & execution . The Street is unforgivable many times shining a light on your warts as opposed to appreciating redeeming facets of ones earning release. " For the first quarter of fiscal 2015, F5 Networks announced revenue of $462.8 million, down slightly from $465.3 million in the prior quarter and up 14 percent from $406.5 million in the first quarter of fiscal 2014 " . Sequentially a slight negative comparison but seasonality sometimes plays a role in that ; most companies that are on a Calendar year Q1 always has a high hurdle to compare with Q4 but that is not the case here. Y/Y up 14% is solid not sure what the street was expecting and not sure how much of F5's growth was Organic , " they are a serial acquirer ". This metric impressed me the most - , " From a product perspective we were also encouraged by the continuing strong growth of software revenue, which increased 44 percent year over year. " The growing percentage of software as a component of our product offerings highlights increasing customer demand for hybrid solutions that allow greater flexibility in the deployment of application services within and across data centers and out into the cloud. Seems as though conservative guidance is what exposed F5 to a serious groin blow this morning and that by itself as we are all aware of is a slippery slope. We are all very aware how important it is to under promise and over deliver. Today's reaction to F5 communicates loud and clear that when the market wants to give your share price a haircut and contract your X most companies earning releases provided a plethora of line items to rationalize a such a move .

  • Reply to

    Goodwill write-off of Adaptix portfolio

    by impliedvol Jan 21, 2015 5:11 PM
    petercohen33 petercohen33 Jan 21, 2015 11:52 PM Flag

    impliedvol Acacia paid 140 Million a few years ago immediately lined up 65 Million of licensing from that Portfolio and has received well over 100 Million so far .

  • petercohen33 by petercohen33 Jan 21, 2015 2:25 PM Flag

    Acacia Research Corp (NASDAQ:ACTG) had its target price reduced by Northland Securities from $23.00 to $17.00 in a report issued on Wednesday. They currently have an outperform rating on the stock.

    Shares of Acacia Research Corp (NASDAQ:ACTG) traded down 14.71% during mid-day trading on Wednesday, hitting $13.625. The stock had a trading volume of 1,293,397 shares. Acacia Research Corp has a 52 week low of $13.11 and a 52 week high of $19.93. The stock’s 50-day moving average is $17.51 and its 200-day moving average is $16.97. The company’s market cap is $682.9 million.

  • petercohen33 by petercohen33 Jan 21, 2015 11:25 AM Flag

    Cowen's Bryan Prohn is defending Acacia. "We continue to believe ACTG can realize a meaningful ROI from its Adaptix portfolio over the longterm and believe management's strategic shift to prioritize ROI on (and intake of) higher-value patent portfolios/partnerships has the company better positioned to withstand the impact of a negative trial outcome from time to time

  • petercohen33 petercohen33 Jan 20, 2015 12:59 PM Flag

    The intelligence gathered from Procera's Perspectives (RAN, Video, Subscriber, Device, Routing, Traffic, Content, and Topology) is displayed in real-time using Dynamic LiveView or streamed using IPFix, and then stored in the PacketLogic Intelligence Center for visualization in the Insights Product family (Engineering Customer Care, and Marketing) or in an external Big Data solution

    Briefing.com6:00 am Procera Networks receives two tier 1 mobile analytics orders (PKT) : Co announced it received two orders that total several million dollars from two Tier 1 mobile operators. The revenue from these orders is expected to be recognized in the fourth quarter of 2014 and the first quarter of 2015.

    Procera was selected to replace the existing traditional analytics vendors because its solutions deliver visibility into the Subscriber Experience in addition to traditional mobile analytics.

  • Orders for analytics deployments to deliver Mobile Subscriber Experience Assurance

    FREMONT, Calif., Jan. 20, 2015 /PRNewswire/ -- Procera Networks, Inc. (PKT), the global Subscriber Experience Company, today announced it received two orders that total several million dollars from two Tier 1 mobile operators. The operators will use PacketLogic™ products solely for the mobile network and for the subscriber analytics that are visualized via its multiple mobile-centric Perspectives solutions. The revenue from these orders is expected to be recognized in the fourth quarter of 2014 and the first quarter of 2015.

    "Mobile operators are desperate to collect meaningful subscriber experience metrics so that they can deliver a superior broadband service for their customers," said Andy Lovit, senior vice president of global sales and services at Procera. "Procera's unique ability to correlate subscriber-based intelligence coupled with our extensive broadband experience delivers significant value to engineering, marketing, and customer care teams at mobile operators."

    Mobile operators struggle to have a comprehensive view of the overall subscriber experience that combines RAN and application-level quality of experience. Most customer experience solutions are limited by the data that is available from the existing probes deployed in the network. Procera was selected to replace the existing traditional analytics vendors because its solutions deliver visibility into the Subscriber Experience in addition to traditional mobile analytics.

    Procera's Subscriber Experience analytics solutions offer operators both real-time and historical visibility into the metrics that can have the greatest impact on their customers' experience such as insight into the cause of video stalls, slow page load times, social networking feeds not loading, or slow sync times for cloud services.

  • •Deutsche Telekom (OTCQX:DTEGY) earmarked #$%$23.5B ($27B) in the next five years for its German landline and mobile networks, small cells and the digitalization of infrastructure, CEO Timotheus Hoettges said on Sunday.
    •The spending puts pressure on Telefonica (NYSE:TEF) and Vodafone (NASDAQ:VOD), whose CEO Vittorio Colao said in November that he wants to reduce outlays when he completes a £19B ($29B) global network upgrade program dubbed Project Spring next year.

  • WATERLOO — Sandvine's fourth-quarter profits increased 43 per cent as the company acquired more customers for its Internet network management tools.

    The Waterloo-based company said Thursday it earned $8.1 million US in the three months ended Nov. 30, up from $5.6 million US in the same period a year ago.

    Sales jumped 11 per cent to $34.2 million US.

    For the year, Sandvine's revenue increased 16 per cent to $123.4 million US while its net income climbed 78 per cent to $23 million US.

    "This was an excellent year for Sandvine," Dave Caputo, Sandvine's chief executive officer said in a news release.

    "We finished 2014 with record quarterly revenue. I am pleased that we managed to improve profitability for the year while continuing to invest in our business and launch industry-leading new products like the PTS 32000."

    The PTS 3200 is like a black box for the Internet. It allows Internet service providers to monitor traffic and take appropriate actions.

    Sandvine said it picked up 36 new customers in fiscal 2014 and also had large existing customers increase their deployment of its technology

  • The group "Concerned Stockholders" collectively owns ~1.5% of Procera.

    •Group stated "We believe change is necessary to maximize stockholder value and improve corporate governance. The Company has been bogged down by high operating expenses and the Company's full potential remains unrealized due to the Board's lack of effective oversight."
    •Group cited proposed actions to include:
    •(i) implementing a poison pill;
    •(ii) delaying the annual meeting;
    •(iii)staggering the board;
    •(iv) using the precious cash of PKT to make acquisitions.

  • Reply to

    Down 6.6% on low volume..could bounce here

    by pjinvestmentco Jan 15, 2015 1:39 PM
    petercohen33 petercohen33 Jan 15, 2015 2:18 PM Flag

    pk reread my post you obviously misunderstood what I stated. Castle Union & Ronald Chez have zero street cred in reference to gaining the confidence of anybody to maximize shareholder value! " Market happened to of practically discounted both those parties influence to zero. Prior to Procera's pre-release no takeout premium was afforded to their currency " .

  • Reply to

    Down 6.6% on low volume..could bounce here

    by pjinvestmentco Jan 15, 2015 1:39 PM
    petercohen33 petercohen33 Jan 15, 2015 1:49 PM Flag

    Castle is fortunate that they picked up a boatload of stock at a very attractive price. Procera Q4 / YE Earning Release accomplished two near term positives for Management 1) Communicated Business is Strong both recognized rev and pipeline. 2) Gives Management breathing room not to have to be preoccupied with Ronald Chez & Castle . Market happened to of practically discounted both those parties influence to zero. Prior to Procera's pre-release no takeout premium was afforded to their currency.

  • Reply to

    Do we hear anything from PKT by the 29th?

    by pkarnett83 Jan 14, 2015 9:01 PM
    petercohen33 petercohen33 Jan 15, 2015 11:34 AM Flag

    pk this comment , " especially given the appalling lack of win announcements " does not reflect well on your intellectual acumen. In the last 5 months Procera has given shareholders visibility through a metric called B2B . As recently as Aug Q2 earning release Procera has announced 60 -65 Million $ in orders . Their communication vehicle is called a Book 2 Bill. Q2 23 Million plus Q3 16 Million plus & Q4 23.5 Million Plus + . Do the Math it is a shame you need to be spoon fed .

  • Reply to

    Sandvine reports Q4 2014 results

    by petercohen33 Jan 15, 2015 7:53 AM
    petercohen33 petercohen33 Jan 15, 2015 7:56 AM Flag

    . The award recognizes Sandvine's leadership in helping customers launch innovative new service tiers globally
    •Continued to penetrate the Mobile Virtual Network Operator market, with partner I-New.
    " Sandvine Very Solid #'s TL 34.2 BL 8.1 Million . Annual Rev increased by 16.1% to 123.4 last year 106.5 net annual inc grew by 78% to $23 million / 0.15 cent per share last year $12.9 . Q to Q comparison 34.2 vs 30.8 up 11% , GM 75% vs 75% net income for quarter 0.053 verse 0.040 . Q4 Cable 41% , Wireless 39% , DSL 19% / Rev by Geography NA 49% , EMEA 23% , APAC 17% , CALA 12% / Revenue by Sales Channel 52% Direct , 48% Reseller / cash position 151.1 million , Customers won 8 new service provider did not c a B2B #

    CONFERENCE CALL
    The Company will discuss the financial results and business outlook on a conference call at 8:30 a.m. Eastern time today.

    Toll-free North America : (866)-215-5508 | Confirmation Number: 38680900

    A replay of the Q4 2014 results call will be available at: (888)-843-7419 (passcode 38680900#) today at 11:00 a.m. ET through January 25, 2015 .

    ABOUT SANDVINE
    Sandvine's network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks to enable services that can increase revenue and reduce network costs. Powered by Sandvine's Policy Engine and SandScript policy language, Sandvine's networking equipment provides end-to-end policy control functions including traffic classification, and policy decision and enforcement across the data, control and business planes. Sandvine's products provide actionable business insight, the ability to deploy new subscriber services and tools to optimize traffic while enhancing subscriber Internet quality of experience.

    Sandvine's network policy control solutions are deployed in more than 250 networks in over 90 countries, serving hundreds of millions of data subscribers worldwide,

  • WATERLOO, ON , Jan. 15, 2015 /CNW/ - Sandvine, (SVC.TO) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported revenue of $34.2 million for its fourth quarter of 2014 and net income of $8.1 million . All results are reported in U.S. dollars under International Financial Reporting Standards (IFRS), unless otherwise specified.

    Sandvine's annual revenue for fiscal 2014 increased by 16% to $123.4 million (FY 2013: $106.5 million ) and annual net income grew 78% to $23.0 million (FY 2013: $12.9 million ), or $0.15 per diluted share.

    Other Q4 2014 results highlights:
    •Revenue by access technology market: cable 41%; wireless 39%; DSL 19%
    •Revenue by geography: NA 49%; EMEA 23%; APAC 17%; CALA 12%
    •Revenue by sales channel: direct 52%; reseller 48%
    •Cash, cash equivalents and investments: $151.1 million
    •Customers: Won 8 new service provider customers

    "This was an excellent year for Sandvine. We finished 2014 with record quarterly revenue. I am pleased that we managed to improve profitability for the year while continuing to invest in our business and launch industry-leading new products like the PTS 32000," said Dave Caputo , Sandvine's President and CEO. "We won 36 new customers in 2014, saw large existing customers expand their implementations, and continued to help operators launch some of the world's most innovative new service tiers – a trend we expect will continue in 2015."

    Since the last quarterly results announcement, Sandvine:
    •Announced shipment and revenue related to its 100GE standalone network policy control switch, the industry-leading PTS 32000. Orders totaled multiple millions of dollars
    •Won new implementations for its Virtual Series products, including with SpeedConnect in Michigan and another through its partner ClearSky
    •Won "Best Real Time Charging Platform for Customers" at the Global Broadband Traffic Management Congress in Barcelona, Spain . The award recognizes Sandvine's leaders

  • petercohen33 petercohen33 Jan 15, 2015 7:42 AM Flag

    Sandvine Very Solid #'s TL 34.2 BL 8.1 Million . Annual Rev increased by 16.1% to 123.4 last year 106.5 net annual inc grew by 78% to $23 million / 0.15 cent per share last year $12.9 . Q to Q comparison 34.2 vs 30.8 up 11% , GM 75% vs 75% net income for quarter 0.053 verse 0.040 . Q4 Cable 41% , Wireless 39% , DSL 19% / Rev by Geography NA 49% , EMEA 23% , APAC 17% , CALA 12% / Revenue by Sales Channel 52% Direct , 48% Reseller / cash position 151.1 million , Customers won 8 new service provider

  • WATERLOO, ON , Dec. 16, 2014 /CNW/ - Sandvine, (SVC.TO) a leading provider of intelligent broadband network solutions for fixed and mobile operators, will release its fourth quarter 2014 financial results on January 15, 2015 before markets open in North America . The company will discuss the results and business outlook on a conference call at 8:30 a.m. ET on the same day.

    Date: Thursday, January 15, 2015
    Time: 8:30 a.m. ET
    Toll-free North America : (866)-215-5508 | Confirmation Number: 38680900

    A replay of the Q4 2014 results call will be available at: (888)-843-7419 (passcode 38680900#) on January 15, 2015 , 11:00 a.m. ET through January 25, 2015 .

    ABOUT SANDVINE
    Sandvine's network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks to enable services that can increase revenue and reduce network costs. Powered by Sandvine's Policy Engine and SandScript policy language, Sandvine's networking equipment provides end-to-end policy control functions including traffic classification, and policy decision and enforcement across the data, control and business planes. Sandvine's products provide actionable business insight, the ability to deploy new subscriber services and tools to optimize traffic while enhancing subscriber Internet quality of experience.

    Sandvine's network policy control solutions are deployed in more than 250 networks in over 90 countries, serving hundreds of millions of data subscribers worldwide,

PKT
9.15+0.45(+5.17%)Jan 23 3:59 PMEST

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