Procera Networks receives $3.5M in follow-on orders from three Tier-1 operators Procera Networks announced it has received three follow-on orders from Tier 1 broadband operators in APAC, EMEA, and LATAM totaling $3.5M. The orders are for the continued rollout of PacketLogic solutions on their fixed and mobile networks to enhance the quality of experience for their subscribers. The orders include both hardware and software components that expand the operator's existing deployment of Procera solutions. This revenue is expected to be recognized in Q2.
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.