Acme Packet Being Accumulated On Heavy Volume (APKT)

Shares of Acme Packet APKT are surging on heavy volume on Tuesday. APKT has gained 2.86% to $39.88. Around 1.14 million shares have already traded hands compared to a daily average of 1.36 million. Pete Najarian mentioned this stock today on CNBC's Halftime Show. APKT trades at a trailing P/E of 84, a forward P/E of 43.39, and a PEG ratio of 2.09. Acme Packet, Inc., incorporated on August 3, 2000, provides session border controllers (SBCs) that enable service providers, enterprises, government agencies and contact centers to deliver interactive communications, such as voice, video and other real-time multimedia sessions, across Internet protocol (IP) network borders.