Procera Networks price target lowered to $15 from $18 at Stifel Stifel reduced its price target on Procera after the company issued a negative preannouncement. However, the firm thinks the preannouncement lead to a "healthy reset" of estimates for the company, and it continues to believe that the company's DPI products are strategically important. The firm keeps a Buy rating on the stock.
Procera Networks jumps after report of launching sale exploration Procera Networks shares are up 3.6% to $9.01 in afternoon trading after The Deal said the company has bowed to activist pressure and has hired Stifel to help it explore a potential sale. The Deal previously reported that Procera could get $12 per share or more in an auction.