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 mobile software specialist Smith Micro Software
So what: The company reaffirmed earlier guidance with sales and earnings midpoints well above the average analyst estimate. We're probably looking at overheated expectations here, as Smith Micro's shares closed yesterday at roughly double the six-month low set at the end of August.
Now what: It's easy to see why you'd be enthusiastic over Smith Micro, because its client list is a veritable who's-who of the wireless industry. Verizon
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. 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 is investors writing for investors.