The Globe and Mail reports in its Friday edition that Nortel Networks share price experienced its third consecutive double-digit gain as the stock climbed above $2 for the first time in more than a month. The Globe's Simon Tuck writs that Nortel shares gained 21 cents or 11.7 per cent to $2.01 on the Toronto Stock Exchange. The stock, which last closed above $2 on July 19, has now jumped 50 per cent over the last four sessions. The stock has also lifted it out of penny-stock status on the New York Stock Exchange. That rise has also temporarily decreased the likelihood that Nortel stock's 30-day average could fall below $1 (U.S.). Analysts say they cannot pin this week's surge on any particular event but that the telecom equipment maker -- and its sector -- may be through the worst of its recent meltdown. "I do think the worst is over," said Kevin Slocum, a technology analyst at SoundView Technology Group in Stamford, Conn. There have, however, been a series of small developments that may have helped buoy the stock, although analysts played down the influence of any single factor. Analysts said they do not believe that the latest round of Cisco acquisition rumours is true.