PKTR----> the next AKAM, FFIV, ITVU... heard it here first! Recent IPO out of coverage period with Buys (recently reiterated). accumulating for a swing trade today... came down hard from the 50s. Look at what ITVU did today just bcz people realized they're a player. 4 mil float, exploding sales.
Website: packeteer.com go see for yourself.
Check out the company description:
Packeteer is a bouncer at the entrance to the Net. The
company provides bandwidth management systems (the
PacketShaper line) that let global corporations control
network traffic and prioritize Web site access. The
systems are designed to help network managers reduce
electronic congestion. Packeteer's customers include
Autodesk, Lucent Technologies, Royal Dutch/Shell
Group, and Borden Chemicals and Plastics. Business
outside North America accounts for 55% of sales.
Packeteer continues to boost its presence in the Internet
service provider market. Venture capital firm New
Enterprise Associates owns about 17% of the company.
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Sounds EXACTLY The same as AKAM, FFIV, etc.
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Here's the very recent buy reiteration:
Company Press Release
Robertson Stephens Reiterates Buy Rating, PKTR
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 22, 1999--Robertson Stephens Managing Director and Senior Communication/Networking Analyst Paul Johnson today reiterated his Buy rating on Packeteer (NASDAQ:PKTR - news) after the company reported September-quarter results. The company, based in Cupertino, Calif., develops solutions that address the critical traffic bottleneck on the WAN access link.
''We are reiterating our Buy rating on the stock,'' said Johnson. ''The company reported September-quarter results above expectations with revenues of $5.0 million and a loss of $0.14 per share versus our estimates of $4.8 million and a loss of $0.15 per share.''
''Product revenues contributed the majority of the company's quarterly revenues, growing at 27.6 percent sequentially, 162 percent year-over-year,'' said Johnson. ''We expect the company to continue to report impressive sequential growth from its products during the next few quarters.''
Clients interested in receiving more information should contact their salesperson at (415) 781-9700.
BancBoston Robertson Stephens Inc. (''Robertson Stephens'') is the leading full-service investment bank focused exclusively on growth companies. To date in 1999, the firm has completed over 130 public offerings and over 30 private offerings, raising more than $26 billion in capital for clients. The firm's 47 research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens is a section 20 subsidiary of Fleet Boston Corporation (NYSE: FLT - news) and a member of the NASD and all major exchanges. Together, Robertson Stephens, BancBoston Robertson Stephens International Ltd., and Robertson Stephens Evergreen Securities Ltd. employ over 1,000 employees worldwide with offices in Boston, San Francisco, New York, Menlo Park, Chicago, London, and Tel Aviv. For more information about the firm, please visit our Web site at www.rsco.com.
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and this is from IPO.com:
Packeteer is a leading provider of application-adaptive bandwidth management solutions that enhance mission-critical application
performance over enterprise wide area networks, or WANs, and the Internet. Our solutions enable businesses and service providers to
manage proactively bandwidth contention at congested WAN access links, protect important application traffic and increase network
efficiency. We deliver comprehensive application-adaptive bandwidth management by discovering and classifying network traffic,
analyzing application and network performance, controlling traffic flows and monitoring and reporting on performance. Our PacketWise
software is at the core of our bandwidth management solutions and is embedded in our PacketShaper family of products or in the
networking products of our OEM partners. Our PacketShaper product family consists of an Intel architecture-based hardware platform
that runs various configurations of our PacketWise software, providing customers with a plug-and-play solution.
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do your own dd... but this one looks like a winner imo.
Jason |
