Acme Packet Obliterated On Friday (APKT)

Acme Packet (NASDAQ: APKT) has been crushed today to the tune of 12.53% to $28.33. The company reported disappointing earnings yesterday after the close. APKT reported earnings per share of $0.18 compared to analysts' estimates of $0.17. Volume has been very heavy during today's sell off, with 6.95 million shares trading hands compared to a daily average of 1.06 million.

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.