Seeking Alpha

Procera +6.7% after announcing $3.5M worth of orders

  • Procera (PKT) has received follow-on orders worth $3.5M from tier-1 broadband carriers in Asia-Pac, EMEA, and Latin America.
  • The orders involve Procera's mainstay PacketLogic deep packet inspection hardware/software, and are expected to be recognized in Q2.
  • Shares still -34% YTD thanks to a tech selloff and earnings disappointments. They currently go for 2.1x 2015E sales.
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