Procera Networks (Nasdaq: PKT) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Procera Networks beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share improved significantly.

Margins increased across the board.

Revenue details
 Procera Networks reported revenue of $14.7 million. The six analysts polled by S&P Capital IQ predicted a top line of $13.4 million on the same basis. GAAP reported sales were 52% higher than the prior-year quarter's $9.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.08. The seven earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS of $0.04 for Q2 were 300% higher than the prior-year quarter's $0.01 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 63.1%, 130 basis points better than the prior-year quarter. Operating margin was 6.2%, 340 basis points better than the prior-year quarter. Net margin was 5.2%, 330 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $15.9 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $63.1 million. The average EPS estimate is $0.42.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 94 members out of 98 rating the stock outperform, and four members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Procera Networks a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Procera Networks is buy, with an average price target of $26.85.

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