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Level 3 Communications Details Expansion Plans To Europe, Shares Tick Higher
Tuesday, April 19, 2016 - 1:59pm | 309Shares of Level 3 Communications, Inc. (NYSE: LVLT) were trading higher by more than 0.5 percent mid-Tuesday afternoon after the company detailed an expansion plan to Europe. Level 3 Communications said it's expanding its Voice Complete enterprise communications solution to several...
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Level 3 Communications CEO To Briefly Step Away Following Heart Surgery, Expected To Make Full Recovery
Thursday, February 25, 2016 - 9:03am | 204Level 3 Communications, Inc. (NYSE: LVLT) announced on Wednesday that CEO Jeff Storey will take a temporary medical leave of absence effective immediately. Storey is expected to be absent from the company for approximately two months following successful surgery for a diagnosed heart condition. The...
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Investors Encouraged By Level 3 Communications Q4 And Guidance
Thursday, February 4, 2016 - 9:44am | 236Shares of Level 3 Communications, Inc. (NYSE: LVLT) were trading higher by more than 2 percent early Thursday morning after the company reported its fourth-quarter results. Level 3 Communications said it earned $0.53 per share in the fourth quarter on revenue of $2.1 billion. Wall Street...
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Barron's Recap: The Penta Quarterly
Monday, May 18, 2015 - 6:44am | 806This weekend in Barron's online: Lyrical U.S. Value Equity hedge fund, the Penta Quarterly, the best hedge funds, as well as the prospects for Level 3 Communications, Media General, Brink's and more. Cover Story "Lyrical U.S. Value Equity's Sweet Results" by Michael Shari. The name of this top-...
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Tech, Semiconductors Among Worst Performers As Sell-Off Continues
Friday, October 10, 2014 - 5:06pm | 2294U.S. stocks continued to sell off on Friday on higher than usual volume. Semiconductor stocks were hit hard following Microchip's profit warning and cautious sector-wide comments. The rest of the tech sector was weak, especially "momentum" and high-beta stocks as the Nasdaq index...
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Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Wednesday, August 27, 2014 - 5:17pm | 2425U.S. stocks were little changed with the S&P 500 closing for the second straight day above the 2,000 mark. Markets were on track for a flat open and volume and volatility remained relatively light throughout the trading session as geopolitical events remain in focus. Israel and Gaza have...
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UPDATE: Macquarie Upgrades Level 3 Communications
Wednesday, August 27, 2014 - 11:14am | 312Kevin Smithen of Macquarie Research upgraded shares of Level 3 Communications (NYSE: LVLT) to Outperform with a $51 price target which was raised from a previous $49. The analyst believes that Level 3 is the best pure-play on thematic and cyclical growth trends within the broadband...
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Stocks Mixed Despite Better Than Expected GDP
Wednesday, July 30, 2014 - 4:43pm | 2929U.S. stocks were mixed as the Fed continued to wind down its monthly asset purchase program by another $10 billion. The Fed noted that the economy rebounded in the second quarter despite significant under-utilization remaining in the labor market. As such, the Fed noted, it will maintain a...
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Stocks Lower As Earnings Season Takes Back Seat To Geopolitical Uncertainties
Tuesday, July 29, 2014 - 4:37pm | 2823U.S. stocks fell as the Dow dipped below the 17,000 marks as geopolitical concerns become a main focus. In a televised statement, President Obama said the United States will expand on sanctions meant to hurt Russia's energy, defense and financial sectors. The move follows Russia's...
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Market Wrap For June 16: M&A Frenzy Keep Indices In Positive Territory
Monday, June 16, 2014 - 4:33pm | 1781U.S. stocks closed the day slightly higher as a mergers and acquisition heavy trading session eased fears over escalating violence in Iraq. The New York Federal Reserve's Empire State index for June showed that business conditions in June rose from May. In fact, June's reading proved...
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Oppenheimer: The Technology Revolution Is Nigh
Friday, April 4, 2014 - 7:24am | 851We are on the verge of huge technological change, according to analysts at Oppenheimer. They see a coming convergence of mobile and cloud computing with telecommunications, in which companies such as DirecTV (NASDAQ: DTV), Rackspace Hosting (NYSE: RAX) and T-Mobile US (NYSE: TMUS) may be may...
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Market Wrap For February 5: Markets Unsure Of Which Direction To Take
Wednesday, February 5, 2014 - 5:47pm | 3034U.S. stocks finished the day almost unchanged as investors and traders were presented with a mixed bag of data today. A better than expected report on the service sector negated another report that showed that companies added fewer employees to their payrolls than anticipated in January. The...
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Cloud Infrastructure Stocks Ready to Boom? (AKAM, EQIX, INXN, RAX)
Friday, October 4, 2013 - 12:23pm | 826In the wake of the Hosting and Cloud Transformation Summit in Las Vegas, analysts at Cowen & Co. have released a new report suggesting that merger and acquisition activity in the sector could occur soon. So far this year, little of the increased spending on storage and networking that...
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Why Is Google Giving Starbucks Customers Free Wi-Fi?
Thursday, August 1, 2013 - 1:48pm | 566Up until now, AT&T (NYSE: T) provided free Wi-Fi to Starbucks (NASDAQ: SBUX) customers in America. Going forward, Google (NASDAQ: GOOG) and Level 3 Communications (NYSE: LVLT) will replace AT&T as the providers of free Internet access. On its official blog, Google promised to deliver...
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Comcast and Other Wireless Stocks Worth a Look Now
Friday, May 17, 2013 - 1:09pm | 830In the just released report on the results of an analysis of first-quarter earnings from communication and wireless stocks, Oppenheimer analysts suggest that social networking, mobile video and online gaming will continue to boost the growth of wireless data and cloud services providers. The three...