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December 31, 2013
08:21 EDTPKTProcera Networks risk/reward still attractive, says Sterne Agee
Sterne Agee believes that Procera's new tier 1 customers should improve its revenue recognition timing issues and its operating profit lumpiness. The firm expects the company's product gross margins to rebound in 2014 and it keeps a $23 price target and Buy rating on the stock.
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