Shares of Centurylink Inc (NYSE:CTL) ended Thursday session in red amid volatile trading. The shares closed down -0.45 points or -1.64% at $26.98 with 7.60 million shares getting traded. Post opening the session at $27.39, the shares hit an intraday low of $26.94 and an intraday high of $27.58 and the price vacillated in this range throughout the day. The company has a market cap of $14.42 billion and the numbers of outstanding shares have been calculated to be 545.97 million shares.
Centurylink Inc (CTL) on Sept. 14, 2016 announced that Highwinds, a global content delivery network (CDN) provider, has chosen CenturyLink to help the company continue optimizing its global content delivery platform. Businesses worldwide depend on Highwinds CDN to stream video, distribute games, serve advertising assets and deliver software, apps and websites.
CenturyLink data center hosting services and network services enable Winter Park, Fla.-based Highwinds to better focus its resources on continued innovation and customer service. Since expanding into two CenturyLink data centers nine months ago, Highwinds has reduced certain hosting costs by nearly 50 percent. Highwinds chose CenturyLink for its reliability, security, network diversity and interconnectivity options across a large, established customer base.
“In media, entertainment, gaming and beyond, Highwinds enables users to access content immediately, whether it’s a mobile app, online game or rich media,” said Jason Griner, vice president of carrier relations, Highwinds. “We take this commitment seriously, and CenturyLink helps us continue to keep all our customer promises.”
Highwinds’ global, high-capacity CDN delivers content to millions of end users, all around the world, every day. Highwinds’ agile network needs to support clients’ sustained growth, plus handle huge traffic spikes during game releases, when videos go viral, and on major online shopping days.
“In digital world, businesses and consumers alike have drastically increased needs for reliable, secure connectivity,” said David Meredith, senior vice president, global data centers, CenturyLink. “In order to meet these demands, organizations must be able to address fast-changing customer requirements. Highwinds is not only doing this; it’s also taking an innovative approach to stay ahead of the curve.”
Shares of Corning Incorporated (NYSE:GLW) ended Thursday session in green amid volatile trading. The shares closed up +0.22 points or 0.98% at $22.59 with 7.06 million shares getting traded. Post opening the session at $22.24, the shares hit an intraday low of $22.24 and an intraday high of $22.67 and the price vacillated in this range throughout the day. The company has a market cap of $23.29 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Corning Incorporated (GLW) on JULY 27, 2016 announced its results for the second quarter ended June 30, 2016.
- Q2 GAAP EPS up $2.23 sequentially to $1.87, reflecting a one-time $2.7 billion non-taxable gain on strategic realignment of Dow Corning; core EPS up $0.09, or 32% sequentially, to $0.37; Q2 GAAP and core sales increased sequentially
- Optical Communications sales increased 28% sequentially on strong demand and cable production recovery, exceeding management expectations
- Corporate gross margin exceeded guidance by more than one percentage point, benefiting from higher sales and operational improvements in Optical Communications
- Strategic realignment of Dow Corning Corporation was a significant milestone in focusing Corning`s portfolio, and added $4.8 billion in cash
- Sales and EPS expected to grow both sequentially and on year-over-year basis in Q3
- New $2 billion accelerated share repurchase further advances Strategy and Capital Allocation Framework
“The sequential improvement surpassed our expectations and reflects increasing momentum in our businesses that we expect to continue through the second half of this year. We anticipate both sequential and year-over-year sales and EPS growth in the third quarter,” Wendell P. Weeks, chairman, chief executive officer, and president, said.