Looking at the long-term chart, Cynosure peaked in 2007 at $45. Therefore, a rally off the current breakout could take it close to that level. That it has been there before may actually provide comfort for some traders as they enjoy the ride.
There's one more reason to be bullish on CYNO. It scored a 191 out of 200 on a proprietary indicator developed to spot stocks on the verge of a breakout. Stocks with similar scores have gone on to return double- and triple-digit gains in just weeks or months.
Perhaps, but Cable/Telco SP's are more often reactive than proactive. A more interesting speculation might be Oracle... deep pockets and they are early stages acquiring and vetting companies that do video. Just thinking out loud.
Not suggesting AKAM is going to be acquired anytime soon. Just saying that with Internet, OTT video, security, etc... they could make an interesting addition for some big boy out there.
GE could buy MDR and WFT and create a bigger hairball or spin off a nice standalone company with them and other similar businesses they own... then have some RIF, better focus, direction, reduce OPEX, increase margins and then fine tune the #$%$ out of them over the first few years.