Procera Networks, Inc. (PKT) Misses Q1 EPS by 7c

Procera Networks, Inc. (NASDAQ: PKT) reported Q1 EPS of ($0.19), $0.07 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $14.5 million versus the consensus estimate of $15.31 million.

"Procera continues a rapid pace of innovation and development in Virtualization and customer experience solutions. Our advances are attracting new trials and partnerships with industry leaders that position us well for competitive differentiation," stated James Brear, President and CEO of Procera Networks. "We will continue to invest in broadband and mobile solutions for long-term growth."

Procera is reiterating guidance of annual revenue growth of 15% for 2014. We expect a return to non-GAAP profitability in the second half of 2014.

For earnings history and earnings-related data on Procera Networks, Inc. (PKT) click here.

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