"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."
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.
Zacks upgraded shares of Cree (NASDAQ:CREE) from a hold rating to a buy rating in a research report released on Tuesday, Market Beat Ratings reports. The firm currently has $28.00 target price on the LED producer’s stock.
According to Zacks, “Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree’s market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.
Level 3 Communications (NYSE:LVLT) announced its quarterly results before the market opened today . The company reported $0.48 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.46 EPS by $0.02. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis.
Cree, Inc. (NASDAQ:CREE) should head towards $28.94 per share according to 8 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $26 per share. The higher price estimate target is at $31 according to the Analysts.
Research firm Zacks has rated Cree, Inc. (NASDAQ:CREE) and has ranked it at 2, indicating that for the short term the shares are a buy. 11 Wall Street analysts have given the company an average rating of 2.73. The shares have received a hold rating based on the suggestion from 8 analysts in latest recommendations. 1 market expert has a sell on the stock. Strong buy was given by 2 Wall Street Analysts.
Don't know the answer to the patent question, but a quick google or youtube search will show you that there is a whole world of flashlight aficionados and "torch heads" out there, and most of those modern high end, high powered flashlights use CREE LED's components and technology.
"You can't build a multi-billion dollar business on flashlight aficionados."
-Are you sure about that?
"Cree is a LED manufacturing company based in Durham, North Carolina. They produce a number of different models of high output LEDs that are widely used in flashlights. They do not actually make flashlights, though some companies will describe their product as a "Cree flashlight." This refers to the LED inside the flashlight."
As to which LED elements and technologies that CREE actually holds patents on, I guess that is the question.
Level 3 Communications, Inc. (NYSE:LVLT) BROOMFIELD -based company is a provider of a range of integrated communications services. The Company’s operating segments include North America includes operations in Georgia, Colorado, Florida, Canada, New York, Arizona, Pennsylvania, Michigan and Oklahoma; Europe includes operations in England, Ireland, The Netherlands and France; The Latin America includes operations in Colombia, Argentina, Venezuela, Peru, Ecuador, Chile and Brazil.
LVLT was trading for $50.76, down almost 0.33% for the day, versus the analysts’ mean target price of $60.33 for the company. It has a 2.00 mean recommendation. The company’s expected EPS growth rate for next five years is 48.00%. The stock is trading -11.07% below its 52-week high and 24.23% above its 52-week low. Shares are trading 8.10% above their 50-day moving average and -1.28% below their 200-day moving average.