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Stock Market & Financial Investment News

News Breaks
March 11, 2013
07:01 EDTLVLTLevel 3 announces new agreement with Grupo La Caridad
Level 3 announced that Grupo La Caridad, the poultry producer and poultry genetics research company in Venezuela, has expanded its Level 3 Internet Protocol Virtual Private Network solution to its subsidiary, Avicola la Rosita. As a result, all of Grupo La Caridad's employees will have access to the company's communications resources.
News For LVLT From The Last 14 Days
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October 29, 2014
18:01 EDTLVLTLevel 3 set to join S&P 500, Jabil Circuit set to join S&P MidCap 400 as of 11/4
Level 3 Communications (LVLT) will replace Jabil Circuit (JBL) in the S&P 500, and Jabil Circuit will replace TW Telecom (TWTC) in the S&P MidCap 400 after the close of trading on Tuesday, November 4. Level 3 Communications is acquiring TW Telecom in a deal expected to be completed soon pending final conditions. Level 3 Communications operates as a facilities-based provider of a range of integrated communications services. Headquartered in Broomfield, CO, the company will be added to the S&P 500 GICS Alternative Carriers Sub-Industry index. Jabil Circuit provides electronic manufacturing services and solutions. Headquartered in St. Petersburg, FL, the company will be added to the S&P MidCap 400 GICS Electronic Manufacturing Services Sub-Industry index.
17:19 EDTLVLTLevel 3 to replace Jabil Circuit in S&P 500 as of 11/4 close
14:54 EDTLVLTEarnings Preview: Akamai reports following recent downgrade at Wells Fargo
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October 28, 2014
12:01 EDTLVLTtw telecom, Level 3 stockholders approve acquisition
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October 24, 2014
18:05 EDTLVLTFCC clears Level 3's pending acquisition of tw telecom
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October 21, 2014
06:14 EDTLVLTLevel 3 to host special shareholder meeting
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October 16, 2014
12:52 EDTLVLTAkamai retreats after Wells cuts rating on traffic trends
Shares of Akamai (AKAM) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform, saying its research indicates the company's traffic has been moderating in recent weeks. Akamai provides services for the delivery of content over the Internet. WHAT'S NEW: The amount of video and audio streaming being handled by Akamai has slowed during the first two weeks of October when compared with the third quarter, Wells Fargo wrote in a note to investors today. Although Akamai's revenue growth does not correlate directly with changes in the traffic it handles, traffic trends have provided indications about the direction of the company's revenue growth in the past, the firm stated. Additionally, Akamai is facing tough comparisons this quarter, and its international business will be hurt by the strong dollar, the firm contended. Wells predicted the company's 2014 and 2015 earnings would miss expectations and cut its price target range on the name to $57-$61 from $70-$75. OTHERS TO WATCH: Limelight Networks (LLNW) and Level 3 Communications (LVLT) also provide Internet content delivery services. PRICE ACTION: In early afternoon trading, Akamai fell 3% to $53.

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