Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Acme Packet (Nasdaq: APKT) is trading at unusually high volume Friday with 3.7 million shares changing hands. It is currently at two times its average daily volume and trading up $2.64 (+12.4%) at $24.02 as of 2:51 p.m. ET.
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Acme Packet has a market cap of $1.52 billion and is part of the technology sector and telecommunications industry. Shares are up 1.9% year to date as of the close of trading on Thursday. Acme Packet, Inc. provides session delivery network solutions that enable the delivery of voice, video, data, and unified communications services and applications across Internet protocol (IP) networks. The company has a P/E ratio of 281.6, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Acme Packet as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Acme Packet Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.