Add Comcast (CMCSA) to the growing number of companies that pose a worry for Akamai Technologies (AKAM), the biggest provider of content delivery network services. Akamai’s global CDN speeds up video streaming, e-commerce transactions and business software downloads over the Internet. Cambridge, Mass.-based Akamai already competes with Level 3 Communications (LVLT), Limelight Networks (LLNW) and Verizon Communications (VZ), which acquired
Level 3 Communications (LVLT) is on track to churn out enough cash to launch a stock buyback, says Goldman Sachs, which added the telecom-services provider to its “conviction list” on Tuesday. But if Level 3 stays acquisitive, that might work against a stock repurchase program, says Goldman analyst Brett Feldman in a research note. Level 3 in 2014 acquired TW Telecom, becoming a stronger rival to AT&T (T) and Verizon Communications (VZ) in
Telecom network operator Level 3 Communications ‘ (LVLT) profit margin outlook has improved while demand for Cogent Communications’ network services could re-accelerate, says RBC Capital, which initiated coverage on both companies with outperform ratings. RBC Capital started coverage of phone companies CenturyLink (CTL) and Frontier Communications (FTR) with hold ratings. RBC Capital separately downgraded DuPont Fabros Technology (DFT), which