Afterhour Losers: Procera Networks Inc. (NASDAQ:PKT), Sizmek Inc. (NASDAQ:SZMK), VOXX International Corp (NASDAQ:VOXX)

Viraj Shah - October 9, 2014

Boston, MA 10/09/2014 (wallstreetpr) – Shares of Procera Networks Inc. (NASDAQ:PKT) have tanked by 19.30% in afterhours trading. The company announced its full year guidance and preliminary third quarter results. Procera expects third quarter revenue to fall by 25% to $16 million. While the revenue for the fiscal year is expected to be in the range of $70 to $75 million.

One good thing about the company is that it has zero debt in its books. However, the stock is down by 40.95% on YTD basis.

Sizmek Inc. (NASDAQ:SZMK) a global ad management provider announced the Preliminary estimates for third quarter. The digital advertiser expects revenues to be in the range of $38.5 and $39.5million, due to continued decline in rich media products; though other sectors showed strong growth. To arrest the decline, Sizmek proposed that it would offer mixed products across the advertising channels. It also reported that current CEO and President Neil Nguyen would be assuming charge of Sales Section with immediate effect. Shares of Sizmek Inc. (NASDAQ:SZMK) are down by 13.87% in afterhours trading.

Shares of VOXX International Corp (NASDAQ:VOXX) are down by 12.46% in afterhours trading after the company reported disappointed set of numbers. The company saw its Revenue decline by 3.5% to $177.3 million against $183.8 million a year ago for Fiscal 2015 second quarter. Operating Income saw a dip of 50% as it came at $1.1 million against $2.2 million it had reported in Fiscal 2014 second quarter.

Shares of VOXX International Corp (NASDAQ:VOXX) saw a sharp dip in yesterday’s trading session on above average volume of 1.56 million shares compared to average trading volume of 264,833 shares. It would be interesting to see how traders react to the results early morning once the market opens.

Avatar

Viraj Shah

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up To Get Our Latest Stocks Alerts