LeapFrog (LF) Leaps Higher on Product Momentum

July 5, 2012 10:54 AM EDT
LeapFrog Enterprises Inc. (NYSE: LF) is... well... leaping Thursday. Shares are up 10.4 percent on volume that has already eclipsed the normal full day volume.

We haven not seen any news, but today's action continues its recent trend higher. Shares are up 106 percent YTD.

There has been plenty of buzz around the company following the announcement of the Leaptser GS and LeapPad 2 in June.

Analysts at Ascendiant recently commented that company momentum remains strong and they believe the company is on track for its second quarter guidance and that 2012 guidance looks "conservative." The firm reiterated their Strong Buy rating and $13 price target on the name.

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