Procera Networks Inc. (PKT) announced after the close Thursday that it has received a multi-million dollar follow-on order from a Tier 1 European network operator, which includes multiple PacketLogic PL20000 systems. The company has also received a multi-million dollar follow-on order from a Top Ten North American MSO, which includes multiple PacketLogic PL8000 series systems.
Procera Networks also reported a first quarter non-GAAP loss of $0.16, compared to the profit of $0.13 last year. The consensus estimate was for a loss of $0.07. The stock is now up 1.92 on 37K shares.
Procera Networks climbed until around mid-afternoon Thursday and finished up by 0.64 at $11.08.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.