Procera Networks Earnings: Here’s Why Investors Like These Results
Procera Networks, Inc. (AMEX:PKT) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Procera Networks, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 21.34% to $17.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Procera Networks, Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $17.43 million.
Quoting Management: James F. Brear – Chief Executive Officer, President and Director
said “We reported a second quarter revenue of $17.8 million, a 22% increase year-over-year. Contributing to this growth, Vineyard continued to execute, with revenue increasing 63% sequentially, and the integration has gone well.”
Key Stats (on next page)…
Revenue increased 25.62% from $14.17 million in the previous quarter. EPS decreased to $-0.02 in the quarter versus EPS of $-0.16 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.06 and has not changed. For the current year, the average estimate has moved up from a profit of $0.04 to a profit of $0.05 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)