Procera Networks Inc., which develops tools to improve routing information through networks, rose the most since November in intraday trading after a Sterne Agee analyst said the company’s market for potential customers is growing.
Procera rose 9 percent to $20.99 at 2:49 p.m. in New York, the biggest intraday increase since Nov. 8. Shares of the Fremont, California-based company gained 24 percent this year before today.
Procera’s technology for deep packet inspection, which examines data as it flows through a network, could eventually be used to customize services for specific content and applications, said Alex Kurtz, an analyst with Sterne Agee & Leach, in an e-mail. That could attract cloud storage providers who want to tailor data services, he said.
The deep packet inspection market “is moving through an inflection point in our view with regards to use cases and potential market size,” Kurtz said in a note to investors today.
Procera helps cable companies and mobile operators report on network traffic -- a market which is also growing as more consumers use smartphone data plans and stream high-definition video. Kurtz also said Allot Communications Ltd., based in Hod Hasharon, Israel, would benefit from the trend.