NEW YORK (

TheStreet

) --

Procera Networks

(Nasdaq:

PKT

) is trading at unusually high volume Friday with one million shares changing hands. It is currently at four times its average daily volume and trading up 76 cents (+3.5%) at $22.48 as of 9:35 a.m. ET.

Procera has a market cap of $350.8 million and is part of the

technology

sector and

computer software & services

industry. Shares are up 44.2% year to date as of the close of trading on Thursday.

Procera Networks, Inc. provides intelligent policy enforcement solutions based on deep packet inspection technology that enable mobile and broadband network operators and entities to manage private networks. The company has a P/E ratio of 80.2, below the average computer software & services industry P/E ratio of 85 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, compelling growth in net income, good cash flow from operations and solid stock price performance. 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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.

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