Saturday, October 1, 2011

IPI: "the odds for an F5 takeout of Procera have certainly increased"

Inflection Point Investing published a very positive review on Procera Networks - ".. it should be noted that during the years of the Great Recession, network-technology company, Procera Networks Inc. was able to increase its revenue from $1.91M in 2006 up to $20.12M in 2009. Though sales subsequently flattened in 2010, with the rise of smartphone use and consumers’ insatiable demand for robust mobile networks, 2011 is now shaping up to be another record year for the company".

"After issuing a steady stream of news releases over the past two months [here], it is clear Procera has secured at least $15M in orders in Q3, almost 60% above the bookings of the first two quarters combined .. Over the next two years, Procera will be able to bite into a market that is poised to double from $518M to $1.14B .. "

"F5 was previously rumored to be considering Allot Communications [here and here], but after forming a partnership with Procera earlier this year [here], we think the odds for an F5 takeout of Procera have certainly increased. After all, wouldn’t it make sense for F5 to take a “look under the hood” before any takeover would occur? We think so"

Note that Procera has a more meaningful OEM agreement with Genband (here), although with modest revenues so far (here).

See "Procera Networks Inc. Is Riding The Smartphone Revolution" - here. Note the author's discloser statement at the bottom.

See also:
  • Public DPI Vendors (ALLT, PKT, SVC) - Q2 2011 Results Comparison - here
  • Infonetics Sees Strong DPI Market (though US hesitates); Sandvine Leads - here

No comments:

Post a Comment