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Adobe Systems (ADBE) Reaches A New All Time High, Procera Networks (PKT) Initiated With A Buy

|Includes: Adobe Systems Incorporated (ADBE), PKT

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On intraday trading, Adobe Systems Inc. (NASDAQ:ADBE) reached a new all time high of $61.09 per share, after the company reported its financial results.

For the fourth quarter fiscal 2013, ADBE achieved revenue of $1.04 billion, within its targeted range of $1 billion to $1.05 billion, and diluted earnings per share of $0.13 on a GAAP-basis, and $0.32 on a non-GAAP basis.

According to its financial outlook, for the first quarter of fiscal 2014, ADBE is targeting revenue of $950 million to $1 billion, and on a diluted earnings per share basis, ADBE is targeting a range of $0.02 to $0.08 on a GAAP basis, and $0.22 to $0.28 on a non-GAAP basis.

ADBE closed at $60.89 per share, up $6.90 (or +12.78%) on Friday's market activity.

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ADBE is changing the world through digital experiences. Content built and optimized with Adobe products is everywhere you look - from websites, video games, and smartphones to televisions, tablets, and beyond.

More about Adobe Systems Inc. (ADBE) at www.adobe.com

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Procera Networks, Inc. (NYSEMKT:PKT) stock climbed slightly $0.34 (or +2.52%) to $13.83 on Friday's trading session. PKT was initiated with a Buy and price target of $19.00 by brokerage firm DA Davidson.

PKT recently received first-time orders for its PacketLogic(NYSE:TM) Intelligent Policy Enforcement systems from two Tier 1 fixed line operators in the LATAM region, including one cable MSO and one DSL operator. Both operators will deploy systems that profile subscriber and network usage by collecting high-resolution network intelligence in-line across their entire network.

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PKT delivers Internet Intelligence solutions to service providers and network equipment manufacturers for analytics and enforcement of broadband traffic worldwide.

More about Procera Networks, Inc. (PKT) at www.proceranetworks.com

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.