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Acme Packet (NASDAQ:APKT) +7.3% AH after announcing a $200M stock buyback plan, good for...

Jul. 12, 2012 4:12 PM ETAcme Packet, Inc. (APKT) StockAPKTBy: Eric Jhonsa, SA News Editor

Acme Packet (NASDAQ:APKT) +7.3% AH after announcing a $200M stock buyback plan, good for repurchasing 18.6% of outstanding shares as of today's close. Acme, which had over $400M in cash and investments as of March 31, has been clobbered by a string of warnings and guidance cuts, the most recent of which arrived last week. (PR)

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Acme Packet, Inc.