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Saturday 29 August 2015
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Pre-Market News Analysis on: Realogy Holdings Corp(NYSE:RLGY), Illumina, Inc.(NASDAQ:ILMN), Commscope Holding Company Inc(NASDAQ:COMM), Level 3 Communications, Inc.(NYSE:LVLT)

On Monday, Realogy Holdings Corp (NYSE:RLGY)’s shares declined -3.34% to $40.55.

Cartus is part of Realogy Holdings Corp. (RLGY), Cartus Corporation—the leading global mobility firm that offers its services in 185 countries, and who last year assisted more than 171,000 transferees—declares the launch of its fifth annual award-winning Trends in Global Relocation: Biggest Challenges survey. Companies large and small around the globe have formerly contributed to what has become one of the relocation industry’s most anticipated sources of current industry trends.

Respondents will have an opportunity to share their insights and perspectives on the relocation industry’s biggest issues and what they believe are some of the best practices in global relocation.

An important component of Cartus’ Trends in Global Relocation research series, the Relocation’s Biggest Challenges surveys have produced insights on issues such as compliance, costs, and infrastructure challenges in countries around the world. This year, it also contains questions related to move types and companies’ progress in Talent Administration initiativesz

Realogy Holdings Corp. provides real estate and relocation services worldwide. The company’s Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby’s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses. As of December 31, 2014, this segment’s real estate franchise systems had about 13,500 offices; and about 251,300 independent sales associates worldwide.

Illumina, Inc. (NASDAQ:ILMN)’s shares dropped -4.09% to $191.77.

Illumina, Inc. (ILMN) declared Illumina Accelerator—the world’s first business accelerator focused solely on creating an innovation ecosystem for the genomics industry—has selected three new startups for its second funding cycle. Selected from a competitive pool of highly qualified applicants, the new startups from across the globe are spurring genomics innovation in healthcare, agriculture, and the winemaking industry.

The selected startups for the spring 2015 funding cycle are:

  • PathoGn, Inc. is an infectious disease platform company based in California using genomics and machine learning to build pathogen diagnostics and disease forecasting products for agricultural applications.
  • Biome Makers Inc. is a microbiome company founded by The Wine Guys, from Castile and Leon, Spain, introducing advanced genomics in the wine sector to transform the quality standards of vinification.

Illumina, Inc. provides sequencing and array-based solutions for genetic analysis in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. The company’s products comprise sequencing platforms that are based on its SBS technology, which provides researchers with various ranges of applications and the ability to sequence mammalian genomes; and array platforms comprise of HiScan and iScan systems, in addition to NextSeq 550 system that are array scanners for DNA and RNA analysis applications, counting single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis.

At the end of Monday’s trade, Commscope Holding Company Inc (NASDAQ:COMM)‘s shares dipped -5.70% to $27.64.

CommScope Holding Company, Inc., a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband netoperates, plans to take part in the Jefferies Semiconductors, Hardware and Communications Infrastructure Summit on Tuesday, August 25.

CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband netoperates worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband. The Wireless segment offers macro cell site solutions primarily under the Andrew brand, counting base station antennas, microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, amplifiers, filters, and backup power solutions; and small cell distributed antenna systems (DAS) solutions that allow wireless operators to enhance spectral efficiency, and cellular coverage and capacity in network conditions, such as commercial buildings, urban areas, stadiums, and transportation systems.

Level 3 Communications, Inc. (NYSE:LVLT), ended its Monday’s trading session with -3.71% loss, and closed at $44.42.

Level 3 Communications, Inc. (LVLT) has been awarded a contract with the Commonwealth of Pennsylvania, to expand its current Master IT Services Invitation to Qualify (ITQ) program contract to comprise security, network and telecommunications services. These services are in addition to the existing consulting services awarded under a previous master contract. The ITQ program contract allows Level 3 to bid on business opportunities issued by the Commonwealth.

The ITQ program, launched in 2003, is a statewide, multiple-award contracting initiative that provides agencies a fast and efficient way to procure IT services from pre-qualified vendors, through COSTARS, the Commonwealth’s cooperative purchasing program. Under the agreement, Level 3 is pre-qualified in 10 service categories. The contract became effective July 21, 2015.

Key Facts:

  • Level 3 has been serving customers in the Commonwealth of Pennsylvania for 20 years
  • Level 3 operates more than 7,700 fiber miles in Pennsylvania, reaching more than 1,800 on-net buildings
  • As part of the ITQ contract, registered and eligible local public procurement units (LPPUs) and state-associated entities such as not-for-profit fire, rescue and ambulance companies, registered with COSTARS can identify and contract with preapproved service providers like Level 3

Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions.

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