Acme Packet Rises On Unusually High Volume (APKT)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Friday with 11.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 79 cents (+2.6%) at $31.68 as of 11:20 a.m. ET.
Acme Packet has a market cap of $2.1 billion and is part of the
sector and
industry. Shares are down 0.1% year to date as of the close of trading on Thursday.
Acme Packet, Inc. provides session delivery network solutions that enable the delivery of interactive communications, such as voice, video, and multimedia sessions; and data services across internet protocol (IP) network borders. The company has a P/E ratio of 41.6, below the average telecommunications industry P/E ratio of 44.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Acme Packet as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full
.
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