In an example, a system includes a network port that receives a packet; a first memory; a second memory; and a packet analyzer coupled to the network port. The packet analyzer operates to divide the packet into multiple fragments, analyze each of the multiple fragments to determine whether the corresponding fragment has a first priority level or a second, lower, priority level, determine whether to store each of the multiple fragments in the first memory or the second memory based on the priority level determined for that fragment, store each fragment determined to have the first priority level in the first memory, and store each fragment determined to have the second priority level in the second memory. The network port, packet analyzer and the first memory, which may be a cache memory, may be embodied on a chip, and the second memory may be external to the chip.