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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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Fool contributor Evan Niu owns shares of Riverbed Technology, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Riverbed Technology and Polycom, as well as writing puts in Riverbed Technology. 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.
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