Acme Packet Rises On Unusually High Volume (APKT)

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 Monday with nine million shares changing hands. It is currently at five times its average daily volume and trading up $5.34 (+22.3%) at $29.27 as of 9:31 a.m. ET.

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Acme Packet has a market cap of $1.63 billion and is part of the technology sector and telecommunications industry. Shares are up 9.3% year to date as of the close of trading on Friday.

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 302.1, 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.

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