Procera Networks Inc (NASDAQ:PKT)

CAPS Rating: 3 out of 5

Recs

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Player Avatar mercury14 (< 20) Submitted: 8/6/2010 10:40:34 AM : Outperform Start Price: $5.45 PKT Score: +9.48

Bought this in real life. Niche high tech company specializing in network analysis products and data packet inspection. 2nd Qtr 2010 Earnings Highlights-- Second quarter revenue of $4.8 million, up 48 percent year-over-year-- Ninth consecutive quarter of year-over-year revenue growth-- Gross margins improved to 57 percent from 27 percent year-over-year-- Second quarter bookings of $6.7 million, up 100 percent over Q1 of 2010-- 1st half of 2010 revenue of $8.1 million, up 31 percent year-over-year-- Ended the second quarter with $9.7 million of cash and no debt-- Generated positive cash flow from operations-- Signed two new Tier-1 and three new Tier-2 customers in Q2 of 2010-- Launched new, higher margin, PacketLogic PL8720 with strong initial customer demand

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