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 Internet-based telephony specialist BroadSoft
So what: Northland Securities just started coverage of this stock with a buy rating and a $38 price target. The analyst action nearly became a self-fulfilling prophecy as shares topped out at $37.21 in intraday action.
Now what: VoIP experts commonly trade in nosebleed territory: BroadSoft, 8x8
Interested in more info about BroadSoft? Add it to My Watchlist.