On Monday, Windstream Holdings, Inc. (NASDAQ:WIN)’s shares declined -0.27% to $7.47.
Windstream Holdings, Inc. (WIN) launched cloud-to-cloud disaster recovery management solutions. The new solutions will replicate mission-critical virtual servers and data to provide an alternative system for cloud-based disaster recovery system to the customers. The solutions will also secure customer applications by replicating data from their private clouds into a cloud in Windstream’s cloud data centre.
Major advantage of the cloud-to-cloud disaster recovery system is that it is a hardware free approach providing continuous replication and instant data recovery. This innovative recovery system is a cost-effective and extremely strong Disaster Recovery as a Service (DRaaS) solution. Windstream’s cloud-to-cloud recovery system uses the enterprise-class cloud replication software of Zerto.
The cloud-based communications and infrastructure market is intensely competitive. Amazon Web Services of Amazon.com Inc. AMZN, Google Compute Engine of Google Inc. GOOGL, and Microsoft Azure of Microsoft Corp. MSFT are the major contenders. According to an estimate of research firm Gartner, the present size of the DRaaS market is about $1.3 billion, with a related compound annual growth rate of about 30%.
Of late, Windstream has adopted a number of steps to expand its business. The company has been adding a number of data centers, employing efficient sales executives to boost sales and focusing on providing better customer service.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets. The company’s primary business service offerings comprise integrated voice and data services, multi-site networking, data center services, managed services, high-speed Internet, and voice services.
Whiting Petroleum Corp (NYSE:WLL)’s shares gained 1.82% to $34.21.
Whiting Petroleum Corp (WLL) declared that it has commenced an offer to exchange all of its outstanding, unregistered 6.25% Senior Notes due 2023 (the “Original Notes”) for new, registered 6.25% Senior Notes due 2023 (the “New Notes”).
The terms of the New Notes to be issued in the exchange offer are substantially identical to those of the Original Notes, except that the New Notes will not have securities law transfer restrictions, and the registration rights regarding the Original Notes and the New Notes will not provide for the payment of additional interest under circumstances regarding the timing of the exchange offer.
The exchange offer will expire at 5:00 p.m. New York City time, on July 1, 2015, unless extended by Whiting Petroleum Corporation. Valid tenders of the Original Notes must be made, and may be withdrawn at any time, before the exchange offer expires.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
At the end of Monday’s trade, Prospect Capital Corporation (NASDAQ:PSEC)‘s shares surged 0.40% to $7.61.
The American Federated Insurance Companies are indirect, wholly owned auxiliaries of First Tower Finance Company LLC (First Tower Finance), a multi-line specialty finance company. Prospect Capital Corporation [NASDAQ: PSEC], a publicly traded closed-end investment company, indirectly owns an 80.05% majority interest in First Tower Finance and its auxiliaries.
The rating action reflects noteworthy financial leverage that has resulted in a deficit in members’ equity at First Tower Finance, stemming from a 2014 transaction involving the return of First Tower Finance’s capital to its members. The outlook reflects the heavy financial leverage at First Tower Finance, an intermediate holding company, and the potential for this to create pressure on AFIC for dividends or raised expense sharing.
The ratings could come under pressure should the financial condition of First Tower Finance weaken significantly, should the company’s underwriting and overall profitability measures underperform its peers, should there be a material decline in risk-adjusted capitalization or should Prospect Capital Corporation fail to provide adequate support for First Tower Finance and its auxiliaries.
Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle market privately-held companies. The Company is a closed-end investment company which invests primarily in first and second lien secured loans and unsecured debt, senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company is a non-diversified company and also focuses on making investments in private companies.
Avago Technologies Ltd (NASDAQ:AVGO), ended its Monday’s trading session with 1.89% gain, and closed at $143.12.
Avago Technologies Ltd (AVGO) declared that its Board of Directors has approved a quarterly, interim cash dividend of $0.40 per ordinary share.
The dividend is payable on June 30, 2015 to shareholders of record at the close of business (5:00 p.m.) Eastern Time on June 19, 2015.
Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, proximity sensors, low noise amplifiers, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, and optical laser and receiver components.
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