Procera Networks Inc. (PKT) reported fourth quarter non-GAAP net income of $0.12 per share Thursday morning, down from $0.15 per share last year. The consensus estimate was for EPS of $0.14.
Procera Networks gapped open sharply lower Thursday and fell in early trade, before settling into a range. The stock finished down by 5.10 at $11.70 on the highest volume of the year. Procera Networks sank beneath a 2 1/2 month range and set a new low for the year.
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