Procera Networks Inc. (NASDAQ: PKT) surges after it receives multimillion dollar order – MNGA

Boston, MA 05/06/2013 (wallstreetpr) – Procera Networks Inc. (NASDAQ: PKT) (Closed: $14.08, Up by 27.08) registered positive movement of 27 percent in its share prices following the company’s announcement of multimillion dollar follow on order from  Tier I network operator from Europe. This order secured by the global network intelligence company involves the use of Packet Logic systems to expand the deployment and thereby enhance the capacity and functionality of the network operator. Procera Networks Inc. (NASDAQ: PKT) was able to secure this deal due to the superior quality of PL 20000 compared to the other competitive players in the market. Further the company continues to increase its investments in innovating new network solutions as it registers growth all the way. The network solutions offered by Procera Networks Inc. (NASDAQ: PKT) are efficient to handle the traffic growth in the network for around three to five years which further enhances its attraction to the network operators. The analysts are bullish on the stock with its future prospects for growth in the industry.

MagneGas Corp. (NASDAQ:MNGA) (Closed: 1.28, UP by 21.11%) has taken steps to strengthen its management team and board of directors with experts from the industry so as to secure a better position for itself in its industries of target. Following the resignation of Dr. Ruggero Santilli as the Chief Scientist of the company, Dr. Yun Yang takes over his position. However the company is trying to enter into a mutual consulting agreement with Dr. Santilli. Further three new independent directors with strategic experiences in the target industries are appointed to the board of directors. Mr. Robert .L .Dinges with extensive experience in franchise operations management has been appointed as the interim chairman. Mr. William Staunton, with wide experience in the semiconductor industry and Mr. Joe Stone from Oil and Gas industry are appointed as the directors of that divisions of MagneGas Corp. (NASDAQ:MNGA). With all such moves to strengthen the team, the analyst expectations towards the stock are highly optimistic.

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Published by Donna Fago

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