Tech Stocks in the Rumor! BlackBerry Ltd (BBRY), Level 3 Communications, Inc. (LVLT)

Shares of BlackBerry Ltd (NASDAQ:BBRY) ended Tuesday session in green amid volatile trading. The shares closed up +0.02 points or 0.28% at $7.07 with 4.21 million shares getting traded. Post opening the session at $7.20, the shares hit an intraday low of $6.98 and an intraday high of $7.25 and the price vacillated in this range throughout the day. The company has a market cap of $3.69 billion and the numbers of outstanding shares have been calculated to be 523.52 million shares.

BlackBerry Ltd (BBRY) announced an agreement has been signed with Ford Motor Company for expanded use of BlackBerry’s QNX and security software. The deal signifies an acceleration in BlackBerry’s pivot from hardware to software in support of the automaker’s goal of providing connected vehicles and mobility to its customers.

“The future of the automobile is all about embedded intelligence. I believe our expertise in secure embedded software makes us the preferred technology provider to put the smart in the car,” said John Chen, executive chairman and CEO at BlackBerry. “Ford is an industry leader and the opportunity to contribute our world-class technology to their products is a privilege. Ford’s expanded application of our software and services illustrates the diverse and broad value we can bring to market.”

Shares of Level 3 Communications, Inc. (NYSE:LVLT) ended Tuesday session in red amid volatile trading. The shares closed down -1.89 points or -3.37% at $54.26 with 21.09 million shares getting traded. Post opening the session at $56.15, the shares hit an intraday low of $53.64 and an intraday high of $56.15 and the price vacillated in this range throughout the day. The company has a market cap of $20.27 billion and the numbers of outstanding shares have been calculated to be 328.04 million shares.

Level 3 Communications, Inc. (LVLT) operates as a facilities-based provider of a range of integrated communications services. It operates through North America, EMEA, and Latin America segments. The company offers Internet protocol (IP) and data services comprising Internet services, virtual private network, Ethernet, content delivery network, media delivery, Vyvx broadcast, managed, cloud and IT, and cloud connect services, as well as Communications as a Service. It also provides transport and fiber services comprising wavelengths, private lines, transoceanic services, and dark fiber, as well as related professional services; local and enterprise voice services, including Voice over Internet Protocol services and traditional circuit-switch based services; collaboration services, such as audio, Web, and video collaboration services; colocation and data center services comprising cloud, hosting, and application management solutions; and security services for mobile users or remote offices, governance, risk management, and compliance.

 

 

 

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