Acme Packet Surges Another 4% (APKT)

Acme Packet APKT may be getting its mojo back. The stock has risen 11.62% in the last 5 trading days, including 3.81% on Tuesday. The shares are currently trading at $72.59. The stock trades at a trailing P/E of 115, a forward P/E of 50.38 and a PEG ratio of 2.67. The shares are trading above both their 50-day moving average at $71.57 and their 200-day moving average at $53.09. Acme Packet 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.