pkt – Scalper1

Procera Revenue Misses On Cable Industry Uncertainty

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

Procera Networks Should Gain Momentum Toward 2014

Procera Networks (PKT) likely will have a more positive year in 2014 as the networking equipment company gains momentum with new customers. In a report released Tuesday, Alex Kurtz, an analyst for Sterne, Agee & Leach, said the company’s upcoming fourth-quarter report should provide some upside for the company. The company’s shares are down more 18% this year. “Procera will close out Q4 2013 with an expanded set of Tier 1 customers that should