Acme Packet Ripping Higher On Volume...Again (APKT)

Acme Packet APKT is a name that has been catching our eye for awhile now at Benzinga. The name has been attracting unusually heavy volume in recent weeks. After a small pullback in recent days, the stock is flying higher again on Wednesday. APKT has surged 5.44% to $53.88. The 52-week high in the name is at $59.00. Volume has been heavy with nearly a million APKT shares trading hands in the first hour and a half of the session. Acme Packet's performance in 2010 has been nothing less than ridiculous. The stock is up 390% year-to-date. 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.