Macquarie upgraded shares of Level 3 Communications (NYSE:LVLT) from a neutral rating to an outperform rating in a research note released on Thursday, The Fly reports.
Shares of Level 3 Communications (NYSE:LVLT) opened at 45.12 on Thursday. Level 3 Communications has a 12-month low of $37.61 and a 12-month high of $57.08. The company’s 50-day moving average price is $49.15 and its 200 day moving average price is $53.01. The firm has a market capitalization of $16.06 billion and a PE ratio of 54.96.
"Rollins maintained a Buy rating and a price target of $66 for Level 3, while moving the company to the status of Top Pick in the Telecom coverage. “We believe infrastructure services companies, such as Towers, data centers, metro-fiber providers and holders of unused spectrum, can better monetize the growth in data consumption relative to the national wireless carriers,” the report said.
Shares have been under pressure after the company missed the revenue expectations in Q2. The analyst said, however, that Level 3 is now “our top ranked idea” and sequential growth in its key N.A. enterprise segment is likely to get back on track during Q3."
Level 3 Communications Inc. (LVLT - Snapshot Report), based in Broomfield, Colo., is a leading provider of local, national and global communications services to enterprise, government and carrier customers across the globe.
Currently, Level 3 Communications has a Zacks Rank #1 (Strong Buy). The company has an impressive track record having delivered positive earnings surprises in each of the last four quarters, with an average beat of 10.9%. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Level 3 Communications reported better than expected Q2 earnings estimate. Our consensus earnings estimate called 40 cents per share and the company posted earnings of 42 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: Level 3 Communications reported total revenue of $2,061 million, which missed our estimate of $2,087 million.
Key States to Note: The company expects to generate free cash flow in the range of $600 million to $650 million for 2015. The company also expects adjusted EBITDA growth of 14% to 17% in 2015. Geographically, North America generated $1,551 million of CNS revenues, up 7% year over year.
"Blue Horseshoe Loves Anacot Steel"
And the Najarians Love LVLT
Buy buy buy.
Sentiment: Strong Buy
Wall Street Equity Research analysts evaluating future earnings growth for Level 3 Communications, Inc. (NYSE:LVLT), are predicting that the company will report $0.4 for the quarter ending on 2015-06-30. This number is on a consensus basis of the brokerage firms issuing projections on the firm.
In analyzing the analyst’s long-term earnings per share estimate trends, analysts have a mean estimate for long-term growth of $8. This is the best estimate for both earnings and sales over the next three to five years. Three months ago, analysts had the same long-term growth estimate at $8, on a consensus level.
There are 9 sell-side analysts covering Level 3 Communications, Inc. (NYSE:LVLT) which have issued a projected price level of where they expect the stock to reach over the next 52-weeks. The consensus price point of these analysts currently stands at $60.222. The brokerage firm seeing the most upside to current levels sees the equity reaching $68, while the most conservative analyst projection sees the stock at $48 over that same time frame.
When breaking down the analyst ratings into a simplified formula where one represents a Strong Buy and five represents a Strong Sell recommendation, Level 3 Communications, Inc. has a rating of 1.86 based on the reports from the 9 firms issuing ratings.
Level 3 Communications, Inc. is expected to report their next quarterly earnings on or around 2015-07-29 for the period ending 2015-06-30. The company last reported EPS of $0.35 on 2015–0-4-29 for the quarter ended 2015-03-31. This was a 6.06% surprise factor, or $0.02 away from what analysts had expected.
Level 3 Communications, Inc. (Level 3) is a facilities-based provider of a range of integrated communications services. It has created its communications network by constructing its own assets and through a combination of purchasing other companies and purchasing or leasing facilities from others. Its network is an international, facilities-based communications network.
Not content with the gadget's array of strap options, the designer created his own ''Apple Pocket Watch".
Designer Tom Ford has found a dapper way to wear the Apple Watch.
The timepiece, first seen at his London Collections: Men presentation last week, has a loop on the top side of the face, to which a silver chain is clipped.
But as stylish as the riff on the watch may seem, it renders the device's heart rate sensor useless as it needs skin-to-watch contact to work. The Apple Pay service is also disabled, and keeping the watch in a pocket will automatically lock it.
Apple will be pleased; the company was hoping to infiltrate the fashion market with the watch - even inviting members of the fashion press to view it first last year.
Ford is also the man behind James Bond, or at least his suits - he created the suits for Daniel Craig in Skyfall and will do the same for the upcoming Spectre.
Other celebrities to have taken to the timepiece include model Christy Turlington, Anna Wintour and Katy Perry.
Sentiment: Strong Buy
"Analyst Reni Benjamin reiterated a Buy recommendation on DARA Biosciences Inc, with a $2.00 price target, after the company reported first-quarter results, posting a net loss of $3.2 million, or ($0.16) per share versus Benjamin’s estimate of $2.2 million, or ($0.12), respectively. The analyst noted, “DARA Biosciences’ core franchise is comprised of niche-marketed therapeutics encompassing cancer supportive care. With a modest revenue generating pipeline, the potential to move KRN5500 in to the clinic, and a cash position of $9.8 MM, sufficient to fund operations until 1Q16, we believe DARA shares could appreciate for the patient, long-term investor.” Furthermore, “Although the company has provided guidance of $3.7 MM in revenues for non-Oravig therapeutics, we are maintaining our estimates until additional clarity and second quarter financials are reported.”"
"JP Morgan Chase & Co. reiterated their overweight rating on shares of Level 3 Communications (NYSE:LVLT) in a research report released on Thursday morning. JP Morgan Chase & Co. currently has a $65.00 price objective on the stock, up from their previous price objective of $60.00."
Level 3 Communications (NYSE:LVLT) had its price objective raised by Jefferies Group from $60.00 to $68.00 in a research report released on Thursday morning. Jefferies Group currently has a buy rating on the stock.
Separately, analysts at Canaccord Genuity raised their price target on shares of Level 3 Communications from $63.00 to $65.00 and gave the company a buy rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $57.86.
Cree reported earnings of 22 cents a share for the fiscal third quarter, below analysts' estimates of 23 cents a share. Revenue grew 1.1% year over year to $409.5 million for the fiscal third quarter, above analysts' estimates of $405.77 million.
Looking to the fiscal fourth quarter Cree said it expects to report earnings in the range of 24 cents to 28 cents a share and revenue of $420 million to $440 million. Analysts expect the company to report earnings of 29 cents a share and revenue of $434.37 million for the fiscal fourth quarter.
Sounds like they need to get that inventory out there, Ebay, Target, Amazon, wherever...
Earnings only missed by a penny, and revenue was above estimate.
"Benzinga's M&A Chatter for Monday April 6, 2015
April 06, 2015 5:45pm
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday April 6, 2015:
Hearing Renewed Takeover Chatter in Cree
Shares of Cree
, rose Monday on renewed unconfirmed market chatter of a potential offer for
the LED lighting company. General Electric
has been mentioned as a potential buyer on several occasions.
A Cree spokesperson did not respond to a request for comment.
Cree gained more than 1% Monday, closing at $34.49."
"In a report published Wednesday, Stifel analyst Aaron Rakers wrote that Apple Inc.'s (NASDAQ: AAPL) "very strong" free cash flow, coupled with its recently announced debt issuance comments that it would not be "hoarders" of cash, has left high expectations of a strong capital return message in April.
Shares were maintained with a Buy rating with a price target raised to $150 from a previous $130.
Rakers noted that since September 2012, Apple has returned 78 percent of its free cash flow, reduced its share count by 11.4 percent while maintaining an annualized dividend payout in the $10 billion to $11 billion, and increased its quarterly dividend per share payout by 15 percent and 8 percent in 2013 and 2014, respectively.
"We believe Apple has more than enough capacity to increase its quarterly dividend significantly – up to $13.5 billion to $14.0 billion/annum (~$2.30-$2.40/share)," Rakers wrote. "We believe investors could look at Apple's potential dividend increase as a key proxy on the company's free cash flow expectations when considering Apple has averaged a dividend payout of ~23 percent when compared to TTM free cash flow over the past few years."
Rakers also added that "platform effect" of Apple, and the company's strong fundamentals, will continue to resonate as a strong underlying positive for shares."
"Level 3 Communications Inc. is using its position at the crossroads of global networks carrying Internet traffic to expand into cybersecurity and offer companies protection against crippling denial-of-services attacks.
It's the largest foray into cybersecurity to date by the Broomfield-based telecom network company (NYSE: LVLT). It's also a service that customers have asked it to develop.
Level 3 owns fiber optic network crossing the U.S., Europe and Latin America, and connecting to Asia and other parts of the globe. That network handles 40 billion data transmissions each day, giving Level 3 a look at 70 percent of world's Internet traffic at any given moment, said Chris Richter, Level 3's senior vice president of managed security services."