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 videoconference specialist Polycom
So what: Barclays Capital bumped Polycom and ShoreTel
Now what: He continued, "Our checks are bullish on Polycom and indicate an underlying shift in videoconferencing usage -- it is no longer just about cost savings, but revenue enhancing opportunities." Networking stocks have been taking a beating lately largely on macro spending fears, but Polycom's revenue last quarter jumped 24% year over year. If the global economy doesn't fall back into another recession, then Polycom's road to higher ground will have fewer obstacles.
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