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.
So what: The company had announced that it was found not guilty of infringement, which 01 Communique had claimed. Shares had promptly jumped as much as 22% yesterday following the news, but it seems like shares were getting a little ahead of themselves.
Now what: Wunderlich analyst Richard Baldry said yesterday's jump was a little excessive, noting that while it's a positive development, it's not a game-changing verdict. Baldry characterized the victory as a "minor positive," and that it was merely a "distraction" that's good to get out of the way so the company can refocus on the actual business. The verdict is unlikely to have a meaningful impact on the long-term fundamentals.
Interested in more info on LogMeIn? Add it to your watchlist by clicking here.
Big data's a big deal
The amount of data we store every year is growing by a mind-boggling 60% annually! To make sense of this trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need to Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. To get instant access to the name of this company transforming the IT industry, click here -- it's free.