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)…