Acme Packet Rises 8%

Shares of Acme Packet APKT are benefiting from Tuesday's broad market rally. The stock has risen nearly 8% to $65.05. Acme Packet was hit hard during the sell off, falling around 16% in just the last month. The company currently has a market cap of $4.72 billion. The stock trades at a trailing P/E of 95, a forward P/E of 43.60 and a PEG ratio of 2.48. 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.