Level 3 Communications (NASDAQ:LVLT) has had quite the run-up since the end of August, gaining approximately 34%. So what's going on?
Our last article we stated:
The overall numbers appear to show LVLT going nowhere, or worse, declining revenues but there is a hidden story if one starts to look under the hood. Over time enterprise growth will stand out as it becomes a bigger part of the overall revenue picture.
LVLT announced third-quarter results on October 30 but the market has been jumping aboard since September. Why? The CNS (Core Network Services revenue) enterprise story is coming to the forefront, i.e., the "hidden story" has surfaced.
Is it too late to climb aboard? We'll update the