When your old business methods stop working, you can either fix them or find something new to sell. Communications service provider Level 3 Networks
In the just-reported third quarter, Level 3 saw sales stay roughly flat on a quarter-to-quarter and year-over-year basis at $912 million. The company is investing heavily in expanding its content delivery network (CDN) services, because that's where the growth is. For proof of this, you can look at the sales growth rates and income margins of pure-play CDN providers Akamai Technologies
So it's no wonder that Level 3 wants a little more of that hot action. The company isn't giving up entirely on selling backbone networks and is in fact bragging about how it connects the retail outlets of fast-growing coffeehouse chain Green Mountain Coffee Roasters
But the faster Level 3 can become a content delivery powerhouse, the better. Being one of three CDN providers (and you already know the other two) to serve up movie streams for digital movie maven Netflix
Follow Level 3's turnaround and transformation story by adding the stock to your watchlist.