Procera Networks Announces Preliminary Fourth Quarter Revenue Results
January 04 2010 - 8:30AM
Marketwired
Procera Networks Inc. (NYSE Amex: PKT), a developer of Evolved Deep
Packet Inspection (DPI) solutions providing traffic awareness,
control and protection for complex networks, today announced
preliminary financial results for the fourth quarter ended December
31, 2009. Based on preliminary financial data, the Company
anticipates that revenue for the fourth quarter will be in the
range of $9.1 million to $9.5 million, or 102% - 111%
year-over-year growth. On its third quarter earnings call on
November 5, 2009, the Company provided fourth quarter guidance for
revenue growth over 100% year-over-year. The company also expects
to achieve profitability for the fourth quarter ending December 31,
2009.
"Throughout 2009 we executed on our corporate strategy to become
the market leader in Network Traffic Management," said James Brear,
president and CEO of Procera Networks. "As a result, we experienced
continued momentum among major carriers and exceeded our revenue
guidance for the fourth quarter."
The operating information included in this press release is
preliminary and subject to change. The Company is in the process of
finalizing its financial results for the fourth quarter and fiscal
year ended December 31, 2009.
About Procera Networks Inc.
Procera Networks Inc. delivers Evolved DPI solutions that give
service providers awareness, control and protection of their
applications and networks. Its core product suite, the PacketLogic
line of platforms, leverages the company's advanced identification
engine, DRDL(TM) (Datastream Recognition Definition Language), to
provide accurate identification of network traffic in real-time.
PacketLogic is deployed at more than 600 broadband service
providers, telcos, governments and higher education campuses
worldwide. Founded in 2002, Procera (NYSE Amex: PKT) is based in
Silicon Valley and has offices around the globe. More information
is available at www.proceranetworks.com.
Safe Harbor Statement: This press release contains
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 (the "Act"). In
particular, when used in this press release, the words "plan,"
"confident that," "believe," "scheduled," "expect," or "intend to,"
and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act and are
subject to the safe harbor created by the Act. Such statements are
subject to certain risks and uncertainties and actual results could
differ materially from those expressed in any of the
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the ability of Procera to commercialize the
applicable technology and introduce products and the acceptance of
those products by the market, the ability of resellers to sell the
Procera products, market conditions, the general acceptance of the
Company's products and technologies, competitive factors, timing,
and other risks described in the Company's reports and filings with
the SEC from time to time.
Procera Networks is a registered trademark, and PacketLogic and
DRDL are trademarks of Procera Networks, Inc. All rights reserved.
All other products or brands mentioned are trademarks and/or
service marks of their respective owners.
Press Contact Jon Linden Procera Networks 1-408-890-7039
jon.linden@proceranetworks.com Investor Relations Contact Cynthia
Hiponia The Blueshirt Group 1-415-217-4966
ir@proceranetworks.com
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