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Relatively High Level of Cash Detected in Shares of Level 3 Communications in the Alternative Carriers Industry (LVLT, IRDM, CCOI, EGHT, SAAS)

By James Quinn

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. Following is Iridiummmunications 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 44.2%. 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