Procera Networks Price Target Increased to $21.00 by Analysts at Northland Capital Partners (PKT)

Analysts at Northland Capital Partners upped their price target on shares of Procera Networks (NYSE:PKT) from $19.00 to $21.00 in a research report issued to clients and investors on Tuesday, Stock Ratings reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price objective would suggest a potential upside of 44.03% from the stock’s previous close.

Shares of Procera Networks (NYSE:PKT) traded down 3.64% during mid-day trading on Tuesday, hitting $14.58. Procera Networks has a one year low of $10.12 and a one year high of $24.86. The stock’s 50-day moving average is currently $14.44. The company’s market cap is $295.9 million.

Procera Networks (NYSE:PKT) last announced its earnings results on Wednesday, August 7th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.02. The company had revenue of $17.80 million for the quarter, compared to the consensus estimate of $17.20 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts expect that Procera Networks will post $0.05 EPS for the current fiscal year.

Separately, analysts at Stifel Nicolaus raised their price target on shares of Procera Networks from $14.00 to $18.00 in a research note to investors on Wednesday, July 17th. They now have a “buy” rating on the stock.

One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.17.

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.

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