CNOOC (NYSE: CEO), HealthSouth (NYSE: HLS), Pacific Premier Bancorp, Inc. (NASDAQ: PPBI), Symantec (NASDAQ: SYMC), AXT, Inc. (NASDAQ: AXTI), Level 3 (NASDAQ: LVLT) and Regeneron Pharmaceuticals (NASDAQ: REGN) upgraded by analysts.
CNOOC (CEO) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
HealthSouth (HLS) was upgraded by JMP Securities from a “Market Perform” rating to an “Outperform” rating.
Pacific Premier Bancorp, Inc. (PPBI) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $8.70 on the company.
Symantec (SYMC) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $22.00 on the company, up from $21.00.
AXT, Inc. (AXTI) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $11.00 on the company.
Level 3 (LVLT) was upgraded by Raymond James (NYSE:RJF) from an “Underperform” rating to a “Market Perform” rating.
Regeneron Pharmaceuticals (NASDAQ: REGN) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. The have a price target of $70.00 on the company.
Showing posts with label Level 3. Show all posts
Showing posts with label Level 3. Show all posts
Friday, July 29, 2011
Tuesday, May 3, 2011
Most Active (CSCO) (DELL) (INTC) (MU) (MSFT) (NVDA) (YHOO) (SIRI) (FITB) (LVLT) NASDAQ Stocks Today
The most active stocks trading on NASDAQ today are Cisco (CSCO), Dell (NASDAQ:DELL), Fifth Third BanCorp (NASDAQ:FITB), Intel Corp. (NASDAQ:INTC), Level 3 Communications Inc. (NASDAQ:LVLT), Micron Technology Inc. (NASDAQ:MU), Microsoft Corp. (NASDAQ:MSFT), Nvidia Corporation (NASDAQ:NVDA), Sirius XM Radio Inc. (NASDAQ:SIRI) and Yahoo (NASDAQ:YHOO).
Trading in positive territory were Dell, Fifth Third BanCorp, Intel, Level 3 Communications and Sirius. The rest were trading down.
Sirius was by far the volume leader of the stocks mentioned here, with volume over 197 million. Intel was next with volume at right about 90 million.
Cisco was next with trading volume reaching about 44 million; all of these as of 2:48PM EDT.
Trading in positive territory were Dell, Fifth Third BanCorp, Intel, Level 3 Communications and Sirius. The rest were trading down.
Sirius was by far the volume leader of the stocks mentioned here, with volume over 197 million. Intel was next with volume at right about 90 million.
Cisco was next with trading volume reaching about 44 million; all of these as of 2:48PM EDT.
Friday, April 15, 2011
Level 3 (LVLT) Partners with Internet 2 for High-Capacity Network
Level 3 Communications (NASDAQ:LVLT) and Internet2 announced they've entered into a multi-year agreement to develop a network with a capacity of 8.8 Terabits.
When completed the new network will be able to support of 200,000 community anchor institutions in America. Organizations receiving support will include hospitals, community colleges, K-12 schools, public safety organization and schools, among others.
“Today’s announcement with Level 3 represents another major milestone in helping to fulfill the promise of Internet2’s BTOP grant by providing the critical underlying infrastructure needed to support community anchor institutions nationwide,” said Rob Vietzke, Internet2 executive director of Network Services.
Edward Morche, senior vice president of Level 3’s Federal Markets, said in a statement, “With Level 3’s fiber-optic network and expertise, Internet2 is ready to support the bandwidth-intensive scientific and medical research applications that are changing lives both today and in the future."
Level 3 was trading at $1.72, down $0.01, or 0.87 percent, as of 2:55 PM EDT.
When completed the new network will be able to support of 200,000 community anchor institutions in America. Organizations receiving support will include hospitals, community colleges, K-12 schools, public safety organization and schools, among others.
“Today’s announcement with Level 3 represents another major milestone in helping to fulfill the promise of Internet2’s BTOP grant by providing the critical underlying infrastructure needed to support community anchor institutions nationwide,” said Rob Vietzke, Internet2 executive director of Network Services.
Edward Morche, senior vice president of Level 3’s Federal Markets, said in a statement, “With Level 3’s fiber-optic network and expertise, Internet2 is ready to support the bandwidth-intensive scientific and medical research applications that are changing lives both today and in the future."
Level 3 was trading at $1.72, down $0.01, or 0.87 percent, as of 2:55 PM EDT.
Monday, April 11, 2011
Level 3 (LVLT) Surprises with $3 Billion (GLBC) Deal
Shares of Level 3 Communications Inc. (NASDAQ:LVLT) and Global Crossing Ltd. (NASDAQ:GLBC) soared on Monday as Level 3 announced it was acquiring Global for $3 billion.
The deal values Global Crossing (GLBC) at $23.04 a share, or a 56% premium over the company’s closing price on Friday.
After the close of the deal, the newly combined companies, which operate fiber optic networks, will serve 70 countries.
Shareholders of Global Crossing will receive 16 shares of Level 3 stock for each share of Global Crossing’s stock. The deal is expected to close before the end of 2011.
Level 3 was trading at $1.605, gaining $0.16, or 11.46 percent, as of 11:54 AM EDT. Global Crossing Ltd. was trading at $23.23, up $8.43, or 56.96 percent.
The deal values Global Crossing (GLBC) at $23.04 a share, or a 56% premium over the company’s closing price on Friday.
After the close of the deal, the newly combined companies, which operate fiber optic networks, will serve 70 countries.
Shareholders of Global Crossing will receive 16 shares of Level 3 stock for each share of Global Crossing’s stock. The deal is expected to close before the end of 2011.
Level 3 was trading at $1.605, gaining $0.16, or 11.46 percent, as of 11:54 AM EDT. Global Crossing Ltd. was trading at $23.23, up $8.43, or 56.96 percent.
Thursday, March 17, 2011
Level 3 (LVLT) a Legitimate Takeover Target?
With the debt load held by Level 3 (NASDAQ:LVLT), it's difficult to see them as a legitimate takeover target, but one writer as Seeking Alpha believes they are, and thinks it has 100 percent upside to boot.
Here's his thoughts:
The stock offers investors much more upside reward than downside risk. My 12-month price target is $2.75 (over 100% upside) and my 3-year target is $5. Here are the key reasons behind my conviction:
1) Fiber Assets and Balance Sheet Improvements
2) Insider Buys
3) Institutional Buys
4) Recent Deals expected to add to revenue
Most notable and important being Netflix (NASDAQ:NFLX)
5) Technical Indicators
Level 3 closed Wednesday at $1.26, dropping $0.03, or 2.33 percent.
Source
Here's his thoughts:
The stock offers investors much more upside reward than downside risk. My 12-month price target is $2.75 (over 100% upside) and my 3-year target is $5. Here are the key reasons behind my conviction:
1) Fiber Assets and Balance Sheet Improvements
2) Insider Buys
3) Institutional Buys
4) Recent Deals expected to add to revenue
Most notable and important being Netflix (NASDAQ:NFLX)
5) Technical Indicators
Level 3 closed Wednesday at $1.26, dropping $0.03, or 2.33 percent.
Source
Friday, February 25, 2011
Comcast (CMCSA) and Level 3 (LVLT) Battling it Out Behind the Scenes
The battle between Comcast (NASDAQ:CMCSA) and Level 3 (NASDAQ:LVLT) hasn't abated in any way, it has just removed itself from the public eye and is being pressed on the FCC.
Big headlines about the dispute between Level 3 Communications and Comcast over the latter's access charges may have subsided, but don't let that fool you. Like so many telecom wars, this one has migrated to the antechambers of the Federal Communications Commission. There, both sides are battling over whether the feud comes under the FCC's authority via its still-unofficial net neutrality rules.
"It would be ironic and unfortunate if, as we begin the era of growing broadband connectivity and use, the Commission effectively abdicated jurisdiction over broadband Internet services in a way that reduces choice and openness for the American consumer," Level 3 is warning the agency.
Au contraire, insists Comcast. "This has been, is, and will remain a dispute about the terms of an existing arrangement for network interconnection. It is not properly before this Commission."
Full Story
Big headlines about the dispute between Level 3 Communications and Comcast over the latter's access charges may have subsided, but don't let that fool you. Like so many telecom wars, this one has migrated to the antechambers of the Federal Communications Commission. There, both sides are battling over whether the feud comes under the FCC's authority via its still-unofficial net neutrality rules.
"It would be ironic and unfortunate if, as we begin the era of growing broadband connectivity and use, the Commission effectively abdicated jurisdiction over broadband Internet services in a way that reduces choice and openness for the American consumer," Level 3 is warning the agency.
Au contraire, insists Comcast. "This has been, is, and will remain a dispute about the terms of an existing arrangement for network interconnection. It is not properly before this Commission."
Full Story
Wednesday, December 1, 2010
Comcast (Nasdaq:CMCSA) Seeking Fees from Akami (Nasdaq:AKAM), Limelight (Nasdaq:LLNW), Level 3 (Nasdaq:LVLT)
Saying they're subsidizing the content delivery businesses of Akami (Nasdaq:AKAM), Limelight (Nasdaq:LLNW) and Level 3 (Nasdaq:LVLT), Comcast (Nasdaq:CMCSA) has asked them all to pay fees to them.
Kaufman said, "On November 19, Comcast informed Level 3 that it would charge it a recurring fee to transmit online video content to Comcast subs. The request followed a November 11 announcement from Level 3 that it was selected as the primary content delivery network (CDN) for Netflix. Comcast also requested fees from Akami and Limelight for similar over-the-top (OTT) services and came to commercial agreements. However, Level 3 balked at the request, and instead accused Comcast of anti-competitive business practices, charging the request violates the principle of net neutrality, and asking the FCC to block the Comcast/NBCU deal. Comcast argues that it has made an investment to enable these services and it should not be forced to subsidize someone else's business."
Kaufman made several other observations:
1) Comcast's actions put the concept of Net Neutrality to a test. Comcast's demands from Level 3 clearly violate the principals of net neutrality. That being open and equal access to all Internet content. However, the commercial model for achieving this goal remains elusive, particularly when juxtaposed against the FCC's other mandate of increasing broadband penetration, and importantly, the legal framework for defining and enforcing these principles is virtually nonexistent;
2) Aggressive stance signals comfort with regulatory environment. Comcast is a relatively conservative organization. We believe Comcast's aggressive stance with Level 3 is a signal that it is comfortable with the regulatory treatment of both the proposed NBCU deal and the FCC's upcoming proclamation on net neutrality;
3) The ability to charge for last-mile access would enhance cable's position...If Comcast is successful in seeking a fee from Level 3, the CDN will likely be forced to push this cost back to Netflix, or other OTT content providers, effectively ending the economic advantage of OTT distribution.
Kaufman maintains a "Buy" rating on Comcast, which closed Tuesday at $20.04, falling $0.17, or 0.87 percent. Kaufman has a price target of $25 on them.
Kaufman said, "On November 19, Comcast informed Level 3 that it would charge it a recurring fee to transmit online video content to Comcast subs. The request followed a November 11 announcement from Level 3 that it was selected as the primary content delivery network (CDN) for Netflix. Comcast also requested fees from Akami and Limelight for similar over-the-top (OTT) services and came to commercial agreements. However, Level 3 balked at the request, and instead accused Comcast of anti-competitive business practices, charging the request violates the principle of net neutrality, and asking the FCC to block the Comcast/NBCU deal. Comcast argues that it has made an investment to enable these services and it should not be forced to subsidize someone else's business."
Kaufman made several other observations:
1) Comcast's actions put the concept of Net Neutrality to a test. Comcast's demands from Level 3 clearly violate the principals of net neutrality. That being open and equal access to all Internet content. However, the commercial model for achieving this goal remains elusive, particularly when juxtaposed against the FCC's other mandate of increasing broadband penetration, and importantly, the legal framework for defining and enforcing these principles is virtually nonexistent;
2) Aggressive stance signals comfort with regulatory environment. Comcast is a relatively conservative organization. We believe Comcast's aggressive stance with Level 3 is a signal that it is comfortable with the regulatory treatment of both the proposed NBCU deal and the FCC's upcoming proclamation on net neutrality;
3) The ability to charge for last-mile access would enhance cable's position...If Comcast is successful in seeking a fee from Level 3, the CDN will likely be forced to push this cost back to Netflix, or other OTT content providers, effectively ending the economic advantage of OTT distribution.
Kaufman maintains a "Buy" rating on Comcast, which closed Tuesday at $20.04, falling $0.17, or 0.87 percent. Kaufman has a price target of $25 on them.
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