Shares of Broadvision (Nasdaq: BVSN), which supplies companies with e-commerce software and services, were up sharply on Monday, gaining more than 10 percent and closing up 4-5/8 to 49-1/2.
Bear Stearns initiated coverage of Broadvision on Friday, classifying the company’s stock as a buy. The stock already is at a 52-week high, and was up more than a point in early trading today.
In other recent news, BroadVisionannounced on February 17 that it is working with Cisco (Nasdaq: CSCO) to develop a comprehensive “Internet Commerce Solution” through shared sales, marketing and product optimization efforts.
Based in Redwood City, California, the company’s international base of 250 customers includes American Airlines, Credit Suisse, Development Bank of Singapore, Fingerhut, Hewlett-Packard, Nortel Networks, Thomas Cook, Visa USA, and Xerox.