November 28, 2012
After months of malaise, shares of Acme Packet (Nasdaq: APKT ) are up more than 12% over the past 30 days on newfound business momentum. MetroPCS (NYSE: PCS ) has deployed Acme's Net-Net Session Controller for enabling Voice over LTE, or VoLTE.
CEO Andy Ory promised we'd begin to see these sorts of deals in 2013. An accelerated schedule is good news and comes on the heels of Verizon's (NYSE: VZ ) announcement that 35% of data delivered over its network is consumed via LTE. That's a potential boon for Acme, which pitches its gear as necessary infrastructure for LTE networks.
Yet business momentum doesn't always equal sustained stock momentum. Will Acme shares keep rallying as the calendar turns? Check out the following video for more.
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