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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:05 EDTPKTProcera Networks reports inducement grants
Procera Networks announced that in association with its January 9 acquisition of Vineyard Networks and in accordance with NASDAQ Marketplace Rule 5635(c)(4), Procera has granted options to purchase shares of its common stock to 34 employees of Vineyard who are now joining Procera. On January 9, Procera granted options to purchase an aggregate of 412,000 shares of Procera common stock as inducements material to the 34 Vineyard employees entering into employment with Procera. Each of the options has an exercise price equal to $17.77, the closing price of Procera's common stock as reported on the NASDAQ Global Select Market on the date of the grant. One quarter of each option will vest on the one-year anniversary of the grant date, and 1/48th will vest each month thereafter for the following 36 months, subject to the employee's continued service relationship with Procera.
News For PKT From The Last 14 Days
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April 27, 2015
16:31 EDTPKTProcera Networks sees FY15 revenue up 15%, consensus $85.69M
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16:30 EDTPKTProcera Networks reports Q1 adjusted EPS (3c), consensus (10c)
Reports Q1 revenue $20.5M, consensus $17.01M.
April 23, 2015
15:45 EDTPKTCastle Union lowers stake in Procera Networks to 1.3% from 6.6%
April 22, 2015
09:22 EDTPKTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
06:32 EDTPKTProcera Networks to be acquired by Francisco Partners in deal valued at $240M
Procera Networks that it has signed a definitive agreement to be acquired by private funds managed by Francisco Partners Management, in an all-cash transaction valued at approximately $240M. Under the terms of the definitive agreement, Francisco Partners will commence a tender offer no later than May 5 to acquire all outstanding shares of Procera's common stock for $11.50 per share in cash. This represents a premium of approximately 21% over the closing price of Procera's common stock on April 21, and a premium of approximately 32% over the unaffected closing price on January 22, the last day prior to an article reporting the potential sale of the company. Procera's board has unanimously approved the transaction.

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