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StockIceMan's Weekly Stock Pick
Week of December 5, 2005


Stock: Packeteer, Inc.
Ticker Symbol: PKTR - Nasdaq - Information Technology Services
Buy: 9.00 to 9.50
Sell: 13.00
Info: Packeteer, Inc. provides wide area network application traffic management systems to enterprise customers and service providers. Its application traffic management system consists of a family of appliances, including PacketSeeker, PacketShaper, PacketShaper Xpress, PolicyCenter, and ReportCenter. PacketSeeker offers application monitoring that involves automatic identification and classification of traffic through Layer 7 to enable organizations to analyze application performance and network utilization. PacketShaper provides application-based traffic and bandwidth management for applications running over wide area network and the Internet. PacketShaper Xpress offers application traffic acceleration by the use of company’s Web acceleration and content compression technology. PolicyCenter is a lightweight directory access protocol and directory-enabled application that enables customers to centrally administer and update policies, software versions, and device status for Packeteer-based networks. ReportCenter is designed to aggregate metrics from large deployments and create organization-wide reports to manage trends and provide support for capacity planning and usage analysis. The company also offers Mentat SkyX products that provide protocol acceleration over satellite and long-haul networks. Packeteer sells its products worldwide through direct sales force, resellers, distributors, and system integrators. The company has strategic alliances with Avaya, Citrix Systems, Equant, Hewlett-Packard, InfoVista, NTT Communications, and Polycom. Packeteer was founded in 1996 and is headquartered in Cupertino, California.
Financial Info: For the nine months ended 9/30/05, revenues increased 22% to $81.1 million. Net income increased 14% to $10.1 million.
Key Ratios: Current Ratio: 3.52, Total Debt/Equity: 0.00, Trailing P/E: 20.96x, Forward P/E: 17.46x,  Price/Book: 2.69, Price/Sales: 2.96
Share Info: There are 34.16 million shares outstanding with 33.50 million shares in the trading float. Institutions own approximately 75.40% of the shares outstanding. There have been no insider purchases and 5 insider sells totaling 83,211 shares in the last six months. Real-Time SEC Filings

As of 11/10/2005, there were 1.63 million shares short.

Net Institutional Buying:  1.108 million shares prior to latest quarter.
Articles: PACKETEER INC Financials

 
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