Shares of Level 3 Communications, Inc. (NYSE:LVLT) ended Friday session in green amid volatile trading. The shares closed up +0.15 points or 0.32% at $47.55 with 3,135,539 shares getting traded. Post opening the session at $47.14, the shares hit an intraday low of $47.12 and an intraday high of $47.85 and the price vacillated in this range throughout the day. The company has a market cap of $17.15 billion and the numbers of outstanding shares have been calculated to be 359.53 million shares.
On Sept. 22, 2016 Adaptive Threat Intelligence, the latest security solution from Level 3 Communications (LVLT), provides customized threat intelligence and alerting for customers. The cloud-based service builds on Level 3’s portfolio of flexible, efficient security solutions. It is available in all regions.
Adaptive Threat Intelligence leverages Level 3’s global internet visibility and a team of security experts to provide customers with the assistance of a managed service. Customers benefit from the research and findings of the Level 3 Threat Research Labs team, the mitigation expertise of the company’s security operation center (SOC) professionals and the ease of knowing which threats merit a response to the correlated and prioritized alerts.
Estimates from the Federal Bureau of Investigation put ransomware on pace to be a $1 billion dollar a year crime. Enterprises need a security service provider with the tools and expertise to fight these pervasive, and potentially expensive threats.
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) ended Friday session in red amid volatile trading. The shares closed down -0.45 points or -0.42% at $107.47 with 3,087,239 shares getting traded. Post opening the session at $107.21, the shares hit an intraday low of $106.79 and an intraday high of $108.00 and the price vacillated in this range throughout the day. The company has a market cap of $53.33 billion and the numbers of outstanding shares have been calculated to be 498.97 million shares.
Adobe Systems Incorporated (ADBE) on September 23, 2016 announced the release of its monthly Digital Price Index (DPI) for August. For the first time, Adobe released online sales and pricing data for TVs, computers and groceries in the U.K. Prices across categories declined and online sales for durable goods like computers and TVs dropped sharply Year-over-Year (YoY). While demand in both categories was up in May and June YoY – 33.0 and 28.0 percent respectively – growth in July slowed to 16.0 percent and turned negative in August with a 10.0 percent YoY decrease in sales, likely due to Brexit and other factors driving uncertainty in Europe. Demand in the U.S. in the same categories saw strong growth in July and August with 33.7 and 30.2 percent increases, respectively.
As they did in the U.S., prices in the U.K. continued to decline. The DPI shows 13.4 and 2.7 percent deflation YoY for computers and groceries respectively, while TVs saw minor deflation at 0.5 percent YoY. Additionally, London flights and hotel prices increased slightly and showed signs of stabilization, but remained much lower than last year. Following two months of consecutive deflation after the Brexit referendum, London airfares rose 3.1 percent Month-over-Month (MoM) and are down by 1.0 percent YoY. Hotel prices in London declined a nominal 0.8 percent MoM, but are down 16.0 percent YoY.
DPI data across specific product categories indicates connected economies in which prices rise and fall. TVs, computers and other durable goods saw a 60.0 percent correlation between prices in the U.K. and U.S. Non-durable goods like groceries, which rely much less on imports, saw less correlation (20.0 percent) between both countries. Adobe is collaborating with the Office for National Statistics (ONS) as part of its effort to develop a global methodology for the DPI.