Procera Networks Earnings Preview: Get Ahead of the Analysts

Procera Networks (AMEX:PKT) will report earnings after markets close on Thursday, May 2nd. Procera Networks, Inc. develops and markets hardware and software which can be applied to a range of data switching and management applications. The Company’s products enable full layer 7 packet processing to be integrated with switching and routing without degrading network speed or latency.

Here is your Cheat Sheet to Procera Networks Earnings:

Earnings Expectations: Analysts expect earnings of $-0.07 per share on revenues of $13.48 million. Currently, the company’s P/E ratio stands at 36.55.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.09 to a profit $0.01. For the current year, the average estimate is a profit of $0.18, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Procera Networks has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 11.52 20.13 20.32 44.40 59.63
Diluted EPS ($) -1.80 -0.82 -0.27 0.28 0.29

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 15.63 12.33 14.66 16.06 16.57
Diluted EPS ($) 0.1195 0.04 0.04 0.14 0.0615

Past Performance:
Procera Networks has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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