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 (NASDAQ:TMUS) 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.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's Web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
Motley Fool newsletter services have recommended buying shares of Acme Packet. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
More from The Motley Fool
T-Mobile's John Legere Comes Out Swinging in 2018
The outspoken CEO came out with a bold prediction to start the new year.
Why T-Mobile US Stock Rose Just 10% in 2017
The red-hot telecom stock cooled down quickly when a rumored Sprint merger fell apart.
T-Mobile Didn't Waste a Second Buying Back Its Shares
The company just authorized a buyback last month, and it's already gone through one-third of it.