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 data storage specialist Fusion-io
So what: If the deal gets done, Wall Street analyst Piper Jaffray noted that Cisco could quickly represent 10% of Fusion-io's business over the next three to four quarters. Additionally, Piper estimates that Fusion-io's Facebook revenue could double to about $200 million in 2012, giving investors plenty of reason to increase their own growth estimates.
Now what: Don't let today's pop keep you from looking into the stock. Piper maintained its outperform rating with a price target of $38, representing about 40% worth of upside left to the current price. When you couple the tailwinds working in Fusion-io's favor with the fact the stock is still well off its November highs of $41.70, Piper's target seems like a reasonable bet.
Interested in more info on Fusion-io? Add it to your watchlist.