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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:03 EDTLVLTLevel 3 reports Q4 EPS 6c, consensus 2c
Reports Q4 revenue $1.60B, consensus $1.59B
News For LVLT From The Last 14 Days
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September 8, 2014
16:25 EDTLVLTLevel 3, tw telecom receive U.S. DOJ approval of merger
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September 5, 2014
10:39 EDTLVLTAkamai seen as 'Google of Internet infrastructure' by UBS
Shares of Akamai (AKAM) are advancing after UBS began coverage of the stock with a positive view, calling the company "the Google of Internet Infrastructure." Akamai provides infrastructure for delivering content over the Internet. WHAT'S NEW: UBS analyst Steven Milunovich initiated coverage of Akamai with a Buy rating in a note to investors today. Like Google (GOOG), Akamai relies on sophisticated algorithms, the analyst stated. Increased demand for Internet media delivery could cause the Internet content delivery sector to perform better than expected, Milunovich believes. Akamai's strong reliability is difficult to match, which should enable it to fend off competition in the space, according to the analyst. Moreover, Milunovich is upbeat on the company's new security and cloud initiatives. He set a $70 price target on the shares. OTHERS TO WATCH: Other companies in the Internet content delivery space include Limelight Networks (LLNW) and Level 3 (LVLT). PRICE ACTION: In mid-morning trading, Akamai rose nearly 1% to $60.91.
September 4, 2014
08:09 EDTLVLTLevel 3 expands network in Apharetta, Georgia
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