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 SAVVIS (Nasdaq: SVVS) jumped 16% today, after Verizon (NYSE: VZ) announced that it would purchase competitor Terremark Worldwide (Nasdaq: TMRK).

So what: The deal for Terremark is valued at $1.9 billion, a 35% premium, which has led to speculation that SAVVIS could be the next target. Benchmark Capital and Stifel Nicolaus were among the analysts speculating what this deal would possibly mean for a SAVVIS acquisition in the future.

Now what: The arms race for "cloud computing" appears to be on, and SAVVIS is squarely in investors' sights. This sort of speculation could lead to disappointment if a deal doesn't go through, so tread carefully today. I'm mildly bullish on this move, but I'd like to see a pullback next week before jumping in with both feet.

Interested in more info on SAVVIS? 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. 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.