Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Acme Packet Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Session border control leader Acme Packet (Nasdaq: APKT  ) is up 10% in late trading, after it announced Etisalat Lanka will be deploying its technology in Sri Lanka.

So what: Etisalat Lanka is a wholly owned subsidiary of UAE based Etisalat Telecommunications Corporation, and is migrating to an all-IP network. No financial details were released, but the company expects the deployment to help maximize revenue on international calls.

Now what: Acme Packet is a first mover in online telephone and appears to be getting some real traction in the area. This stock isn't for value investors with a price/earnings ratio of 86, but our Motley Fool Rule Breakers team likes the high growth space, and has made it a recent recommendation. At the risk of missing out on a stock headed straight up, I will wait for a better entry point than the 52-week high we hit today.

Interested in more info on Acme Packet? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Acme Packet is a Motley Fool Rule Breakers recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (7)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1384635, ~/Articles/ArticleHandler.aspx, 3/26/2015 10:04:04 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...