Highest Level of Cash in the Alternative Carriers Industry Detected in Shares of Level 3 Communications (LVLT, IRDM, CCOI, EGHT, SAAS)
Below are the three companies in the Alternative Carriers industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Level 3 Communications ranks highest with a CE of $691. Iridiummmunications is next with a CE of $513. Cogent Communications ranks third highest with a CE of $207.
8X8 INC follows with a CE of $149, and inContact rounds out the top five with a CE of $107.
SmarTrend recommended that subscribers consider buying shares of inContact on March 21st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $9.58. Since that recommendation, shares of inContact have risen 45.8%. We continue to monitor inContact for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash level 3 communications iridiummmunications cogent communications 8x8 inc incontact