Stifel Nicolaus increased their price objective on shares of Procera Networks (NYSE: PKT) from $14.00 to $18.00 in a research note issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 25.61% from the company’s current price.
Separately, analysts at Needham & Company upgraded shares of Procera Networks from a “buy” rating to a “strong-buy” rating in a research note to investors on Friday, May 3rd. They now have a $20.00 price target on the stock.
One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.67.
Shares of Procera Networks (NYSE: PKT) opened at 14.33 on Wednesday. Procera Networks has a 52 week low of $10.12 and a 52 week high of $25.99. The stock’s 50-day moving average is currently $14.12. The company’s market cap is $290.8 million.
Procera Networks (NYSE: PKT) last announced its earnings results on Thursday, May 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.10. The company had revenue of $14.17 million for the quarter, compared to the consensus estimate of $13.59 million. During the same quarter last year, the company posted $0.13 earnings per share. Procera Networks’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that Procera Networks will post $0.04 EPS for the current fiscal year.
Procera Networks, Inc (NYSE: PKT) is a provider of intelligent policy enforcement solutions that enables mobile and broadband network operators and entities managing private networks, including higher education institutions, businesses and government entities to gain control of their networks.