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.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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