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This is a short pick. It means, we believe this stock is heading lower. To short a stock, you have to have a margin account. Also note that we are buying an out of money call option as an insurance just in canse the trade goes against us!
Procera Networks (PKT) provides intelligent policy enforcement solutions based on deep packet inspection technology that enable mobile and broadband network operators and entities to manage and control their private networks.
Its products comprise PacketLogic Subscriber Manager that integrates PacketLogic with network management and operation systems, as well as enables policy enforcement, per-user tracking, and location awareness; PacketLogic Intelligence Center, which provides the visualization of the application and subscriber intelligence gathered by deployed PacketLogic systems; and PacketLogic Real-Time Enforcement platform, which utilizes various hardware platforms running the same operating software.
The company markets its products under the PacketLogic brand name. Procera Networks, Inc. also provides pre-and post-sales technical support to its direct field sales organization, channel partners, and customers; professional services for planning, implementation, and deployment; customer services for support post-deployment; training; and consulting services to assist in various service phases from initial planning and evaluation to onsite testing and operation.
Its network operator customers include mobile service providers, broadband service providers, cable multiple system operators, Internet service providers, educational institutions, enterprises, and government agencies. The company sells its products through its direct sales force, resellers, distributors, and system integrators in the Americas, the Asia Pacific, and Europe.
Shares have formed a bearish "flag" after the firm guided lower. Procera now expects to report Q4 revenue of $20.9 million to $21.4 million. Analysts had expected $25 million. Procera CEO blamed weaker-than-expected sales to its cable customers.
52-Week Trading Range: $10.12 - 18.37
Last Trade: $11.50
Stop Loss: $12.08
Target Price $10.35
Buy one February $12.5 Call option for less than 20 cents.
PKT closed after it failed to decline 10% in 30 days or less.
