The medical device company Cyberonics, Inc. (NASDAQ:CYBX) traded higher by 5.24% this past Wednesday after slightly beating Q1 expectations, recording revenue growth of 19% year-over-year.
In order to invest in what Peter Lynch calls "Tenbaggers" (stocks that increases 10 times from your initial purchase) you should look at companies that have superior earnings power.
Investors are no stranger to large IPO pops, but in the last year we have seen incredible post-IPO runs, indicating that these companies were priced too cheap.