Merriman Curhan Ford Initiates Coverage on Procera Networks, Inc. (PKT) with a Buy
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Merriman Curhan Ford initiates coverage on Procera Networks, Inc. (NYSE: PKT) with a Buy.
Merriman analyst says, "We believe Procera is well positioned to expand its core business of Business Analytics & Deep Packet Inspection (DPI) for networks within the Educational market and quickly expand into the larger opportunity of Service Provider network management (a $1B market in 2012 as projected by Light Reading). With larger scale WAN implementations requiring more sophisticated traffic analysis to enable lower cap-ex costs and new service creation, we believe this market will become a critical area of cap-ex investment in CY10. With a recent $10M deal in its pocket, Procera has established itself as a key player in the market."
To see all the upgrades/downgrades on shares of PKT, visit our Analyst Ratings page.
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