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: Shares of business-class broadband service provider PAETEC Holding
So what: PAETEC's first-quarter sales came in slightly above analyst estimates, and its net loss was $0.01 per share smaller than expected. The company also announced plans to open a sixth major data center by the end of 2011, this time in McLean, Va.
Now what: It's a nice pop, but only enough to bring PAETEC back to where it was a month ago. Like oblique rivals Level 3 Communications
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