Scalper1 News
Expectations of cable TV consolidation caused static for network gear supplier Procera Networks (PKT), after the company preannouced Q4 revenue that it said would fall short of the guidance it gave in early November. Procera stock plunged 18% in midday trading Tuesday, after the company blamed lower Q4 sales on reduced orders from cable customers, with that industry amid possible consolidation. Procera stock was near 12.20 in the stock market Scalper1 News
Scalper1 News