NEW YORK (

TheStreet

) --

Procera Networks

(Nasdaq:

PKT

) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading up 86 cents (+4.5%) at $19.90 as of 3:10 p.m. ET.

Procera has a market cap of $217.2 million and is part of the

technology

sector and

computer software & services

industry. Shares are up 22.2% year to date as of the close of trading on Tuesday.

Procera Networks, Inc. provides network traffic awareness, analysis, and control solutions for broadband service providers. It offers intelligent policy enforcement solutions that enable mobile and broadband network operators and entities to manage private networks. The company has a P/E ratio of 100.3, above the average computer software & services industry P/E ratio of 93.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Procera as a

buy

. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Procera Ratings Report

.

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