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Tech Stocks in Hub – Centurylink Inc (CTL), Marvell Technology Group Ltd. (MRVL)

Shares of Centurylink Inc (NYSE:CTL) ended Thursday session in red amid volatile trading. The shares closed down -0.06 points or -0.22% at $26.97 with 3.53 million shares getting traded. Post opening the session at $27.00, the shares hit an intraday low of $26.67 and an intraday high of $27.03 and the price vacillated in this range throughout the day. The company has a market cap of $14.70 billion and the numbers of outstanding shares have been calculated to be 545.97 million shares.

Centurylink Inc (CTL) announced it has been named a “Leader” in the IDC MarketScape: Canadian Data Centre Operations and Management Vendor Assessment (Doc #CA40622416, Sept. 30, 2016 ). The IDC MarketScape measures the capabilities and offerings of data centre service providers and their qualifications to meet the current and future needs of Canadian organizations.

CenturyLink delivers hybrid IT solutions for Canadian companies through robust platforms of cloud services and managed hosting combined with four CenturyLink data centres across Canada – two in Toronto , one in Montreal , and one in Vancouver – that are connected with CenturyLink data centres and cloud nodes around the globe. CenturyLink’s enterprise-grade cloud infrastructure solutions have been offered in Canada since 2010, and address data sovereignty requirements for Canadian enterprises and multi-national corporations seeking to establish a local presence.

“Being recognized as a Leader in this IDC MarketScape is continued validation of CenturyLink’s commitment to our Canada -based customers,” said Ash Mathur, regional vice president and country manager for CenturyLink’s Canadian operations. “As a leading global IT services provider, we are helping a number of Canadian organizations embark on their hybrid IT journey. We are proud to be named a Leader by the IDC MarketScape.”

Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) ended Thursday session in green amid volatile trading. The shares closed up +0.01 points or 0.08% at $13.18 with 1.91 million shares getting traded. Post opening the session at $13.13, the shares hit an intraday low of $12.98 and an intraday high of $13.20 and the price vacillated in this range throughout the day. The company has a market cap of $6.83 billion and the numbers of outstanding shares have been calculated to be 512.04 million shares.

Marvell Technology Group Ltd. (MRVL) announced the appointment of Mr. Dave Caron as Corporate Controller and Chief Accounting Officer. In this role, Mr. Caron will be responsible for managing all the corporate accounting and financial reporting functions across the organization.

“Dave is an experienced finance and accounting executive with a proven track record in the semiconductor industry,” said Jean Hu, Chief Financial Officer, Marvell Technology Group. “I want to welcome Dave to the team and I look forward to his steady leadership as we return the company to profitable growth.”

Most recently, Mr. Caron was the Corporate Controller and Principal Accounting Officer at Maxim Integrated. In this role, he was responsible for overseeing all facets of accounting including General Ledger, External/Technical Accounting, Accounts Receivable, Stock Administration, Payroll, Fixed Assets, Credit and Collections, as well as Accounts Payable. Prior to Maxim, Mr. Caron held finance leadership positions at Read-Rite Corporation and Ernst & Young.

Mr. Caron earned a Bachelor of Science in Business Administration from San Jose State University and is a Certified Public Accountant.

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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