Procera Networks, Inc. (PKT) saw a big move last session, as the company’s shares fell by over 8.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PKT, as the stock is now down around 13.8% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
Some better-ranked stocks in the technology sector include Infinera Corporation (INFN), NetScout Systems, Inc. (NTCT) and Adobe Systems Inc. (ADBE). All these stocks carry a Zacks Rank #2 (Buy).
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PROCERA NETWORKS DE (PKT): Free Stock Analysis Report
INFINERA CORP (INFN): Free Stock Analysis Report
NETSCOUT SYSTEMS INC (NTCT): Free Stock Analysis Report
ADOBE SYSTEMS INC (ADBE): Free Stock Analysis Report
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