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Procera Networks Inc Issues FY 2013 Revenue Guidance Below Analysts' Estimates; Comments On H1, H2 2013 Earnings Guidance

Thursday, 28 Feb 2013 08:00am EST 

Procera Networks Inc announced that it expects annual revenue growth in the range of 25% to 30% for fiscal 2013. Because higher operating expenses will precede anticipated second half revenue growth, the Company may incur operating losses in the first half of 2013 and expect operating profits in the second half of 2013, on a non-GAAP basis. The Company reported revenues of $59.63 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $82.35 million for fiscal 2013. 

Company Quote

0.08 +1.20%
21 Nov 2014