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June 13, 2014
15:01 EDTLVLT, TWTCtw telecom, Level 3 merger speculation shouldn't be dismissed, says Jefferies
Jefferies notes that rumors of tw telecom (TWTC) potentially selling itself have been around since mid-2012, though the firm thinks that speculation of a potential deal with Level 3 (LVLT) should not be dismissed, as Level 3 would be a logical buyer. The firm has a Hold rating and $32 price target on tw telecom.
News For TWTC;LVLT From The Last 14 Days
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September 16, 2014
11:06 EDTTWTCtw telecom and Virtacore announces partnershpi to provide cloud services
September 8, 2014
16:25 EDTLVLT, TWTCLevel 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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