Tue, 21 Oct 2014 20:05:00 GMT
[PR Newswire] - FREMONT, Calif., Oct. 21, 2014 /PRNewswire/ -- Procera Networks, Inc. (PKT), the global Subscriber Experience company, today announced the appointment of Tom Saponas as chairman of the company's board of directors. Mr. Saponas has served as a board member since 2004 and he is currently a member of Procera's Audit and Compensation Committees. Mr. Saponas replaces Scott McClendon, who will continue to serve on the board of directors. "Tom's experience as a board member coupled with his deep knowledge of our company and his extensive experience in the industry will provide key guidance and leadership to our board," stated James Brear, president and CEO of Procera. Mr. Saponas was, until his retirement in 2003, the senior vice president and Chief Technology Officer for Agilent Technologies, the $8 billion spin-off of Hewlett Packard Company in 1999.
Mon, 20 Oct 2014 13:08:00 GMT
[PR Newswire] - CHICAGO, Oct. 20, 2014 /PRNewswire/ -- As you well know, there are abundant reasons to be dissatisfied with the performance of Procera (PKT). As a result, I do not intend to recap the continually disappointing operating results, acquisition disappointments, dramatic increase in expenses in front of unrealized sales, failure to provide proper guidance, and the dramatic decline of Procera's stock. I will not provide an unnecessary 200 slide presentation to document the aforesaid. Procera operates in a rapidly growing market sector of significant potential, but the company continues to fail to execute on its strategies, and seems to be unable to seize upon market opportunities. I believe it is essential, and consistent with the Board of Director's fiduciary duties to Procera shareholders, that the Board of Directors evaluate all strategic alternatives, including the retention of an investment bank to help guide the process.
Wed, 15 Oct 2014 13:35:00 GMT
[at TheStreet] - Procera Networks (PKT) has been downgraded by TheStreet Ratings from Hold to Sell with a ratings score of D+.
Tue, 14 Oct 2014 10:00:00 GMT
[PR Newswire] - FREMONT, Calif., Oct. 14, 2014 /PRNewswire/ -- Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience company, announced today that PacketLogic/V, Procera's Network Functions Virtualization (NFV) software solution, has been benchmarked by the European Advanced Network Test Center (EANTC) at 40Gbps with fully active Internet Intelligence functionality, running on commercial off-the-shelf (COTS) equipment. This test establishes Procera as a leader in the NFV performance arena, and enables network operators to build new business and deployment models that deliver on the promise of NFV to cost-effectively improve network flexibility and service agility. "A lack of proven NFV performance capabilities in the industry has been blocking many NFV deployment scenarios by operators over the past year," said Peter Alm, chief product architect at Procera. "Achieving the same performance with COTS NFV as we do on our PacketLogicâ„˘ hardware platforms is a significant technical accomplishment that delivers economic and technological value to network operators."
Fri, 10 Oct 2014 17:02:00 GMT
[at TheStreet] - Shares of Procera Networks (PKT) plunged to a 52-week low Friday after the company announced its preliminary third-quarter results and issued full-year guidance.
Fri, 10 Oct 2014 15:34:00 GMT
Fri, 10 Oct 2014 11:42:28 GMT
Fri, 10 Oct 2014 11:41:33 GMT
Thu, 09 Oct 2014 21:00:00 GMT
[at TheStreet] - Shares of Procera Networks (PKT) plunged in after-hours trading Thursday after the company announced its preliminary third-quarter results and issued full-year guidance.
Thu, 09 Oct 2014 20:15:13 GMT
Thu, 09 Oct 2014 20:02:00 GMT
[PR Newswire] - FREMONT, Calif., Oct. 9, 2014 /PRNewswire/ -- Procera Networks, Inc. (PKT), the global Subscriber Experience company, today reported preliminary revenue, bookings and gross margin rate results for the third quarter ended September 30, 2014. Revenue for the third quarter of 2014 is now expected to be approximately $16 million, a year-over-year quarterly revenue decline of approximately 25%. The ratio of bookings to revenue for the third quarter of 2014 is expected to be above 1. The company expects the gross margin rate target range in low to mid-60%s for the third quarter of 2014. Revenue for the fiscal year ending December 31, 2014 is expected to be in the range of $70 million to $75 million, compared with $74.7 million for the year ended December 31, 2013. "Our second half of 2014 revenue performance is expected to be below the company's plans because of large opportunities not closing as quickly as originally anticipated. The customer prospects remain in our pipeline and we hope to close a number of them," stated James Brear, President and CEO of Procera Networks. "We are disappointed by our expected revenue performance for 2014 and we are committed to improving our results in the future. Our strategy of helping Service providers improve their subscribers' experience is being well received, including our developing initiatives Network Virtualization, RAN Perspectives, and networks and subscriber analytics capabilities which are unique and will allow us to grow our addressable market in 2015."
Tue, 07 Oct 2014 10:00:00 GMT
[PR Newswire] - FREMONT, Calif., Oct. 7, 2014 /PRNewswire/ -- Procera Networks, Inc. (PKT), the global Subscriber Experience company, today announced that Vice President of Business Development Michael Kay will present on "The Possibilities of Mobile Policy Control" at SDN & OpenFlow World Congress in Dusseldorf, Germany on Friday, October 17 at 3:05 p.m. CEST. During the event, Procera Networks is also participating in the ETSI NFV proof-of-concept #19 on the acceleration of network functions in carrier networks. Procera's Network Application Visibility Library (NAVL) will be embedded in the NFV proof-of-concept solution in collaboration with Avago, Ericsson, Tieto, and ARM, and will be on demonstration for the entirety of the SDN & OpenFlow World Congress. During his speaking session, Michael Kay will discuss how virtualized policy and charging control (PCC) solutions have become a powerful tool for mobile operators to identify and deliver new service opportunities, and further monetize their subscriber intelligence.
Mon, 22 Sep 2014 10:00:00 GMT
[PR Newswire] - FREMONT, Calif., Sept. 22, 2014 /PRNewswire/ -- Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience company, today announced that Vice President of Global Marketing Cam Cullen will deliver a presentation at SCTE Cable-Tec ExpoÂ® on the topic "Maximizing Subscriber Quality of Experience (QoE) in Hybrid DOCSIS Environments," Wednesday, September 24 at 9:30 a.m. MDT in Room 203. Multi-System Operators (MSOs) face challenges in managing data traffic congestion because of the differences between various versions of the DOCSIS standard that may be currently deployed on their networks. Additionally, in booth 1323 Procera Networks will demonstrate Internet Insights, the first in the Internet Intelligence Center product family designed to provide unique perspectives on network traffic for the different audiences within an operator including executive, marketing, engineering, and customer service teams.
Thu, 18 Sep 2014 10:03:42 GMT
Wed, 10 Sep 2014 10:00:00 GMT
[PR Newswire] - FREMONT, Calif., Sept. 10, 2014 /PRNewswire/ -- Procera Networks , Inc. (NASDAQ: PKT), the global Subscriber Experience company, today announced that president and CEO, James Brear, will be honored as ...
Tue, 09 Sep 2014 13:19:00 GMT
[at TheStreet] - Procera Networks Inc (PKT) has been upgraded by TheStreet Ratings from Sell to Hold with a ratings score of C-.
Tue, 09 Sep 2014 10:00:00 GMT
[PR Newswire] - FREMONT, Calif., Sept. 9, 2014 /PRNewswire/ -- Procera Networks, Inc. (PKT), the global Subscriber Experience company, announced today that PacketLogic/V, Procera's NFV software solution, has demonstrated theoretical maximum performance running on IntelÂ® XeonÂ® processor E5, Intel Xeon processor E5 v2, and Intel Xeon processor E5 v3-based commercial-off-the-shelf (COTS) platforms, eliminating performance barriers associated with deploying NFV solutions. "Today's results are significant to our customers and the NFV community," said James Brear, president and CEO at Procera. "Not only have we demonstrated on Intel technology that high-performance applications such as PacketLogicTM can successfully perform as software-only solutions, but our customers now have a choice in deploying PacketLogic as hardware or software with no performance penalty." This performance was achieved through participation in the Intel Network Builders program and was focused on demonstrating that high-performance NFV applications can be successfully deployed on IntelÂ® architecture-based COTS platforms.
Thu, 04 Sep 2014 20:05:00 GMT
[PR Newswire] - FREMONT, Calif., Sept. 4, 2014 /PRNewswire/ -- Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience company, today announced its participation on a live panel at the IntelÂ® Network Builders Summit 2014 titled, "Moving from Use Cases/POCs to Deployment." Scott Robohn, senior director of solutions architecture and engineering at Procera will join the panel discussion that occurs Monday, September 8 at 3:00 p.m. PDT at the Intercontinental Hotel in San Francisco. The Intel Network Builders Summit, collocated with the Intel Developers Forum 2014, aims to educate service providers and independent software vendors on software defined networking (SDN) and network functions virtualization (NFV) solutions and use cases, and to showcase ecosystem collaboration and innovation for SDN and NFV solutions. Procera announced that it joined the Intel Network Builders Program and Intel's joint SPECTRUM ecosystem in February to accelerate the development of SDN and NFV services that will help service providers reduce costs, increase flexibility and deliver services to customers more quickly.
Wed, 27 Aug 2014 10:00:00 GMT
[PR Newswire] - Procera was selected primarily due to its Subscriber Experience solutions that enable the multi-system operator (MSO) to deliver high quality broadband services even during times of heavy congestion. "Combining Internet Intelligence with location awareness and topology awareness in cable networks ensures that MSOs can maximize the efficiency of their infrastructure," said Paul Gracie, senior vice president of global sales and services at Procera Networks.
Thu, 21 Aug 2014 20:05:00 GMT
[PR Newswire] - FREMONT, Calif., Aug. 21, 2014 /PRNewswire/ -- Procera Networks , Inc. (NASDAQ: PKT), the global Subscriber Experience company, today announced that James Brear, president and CEO, will be presenting ...