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Tuesday 18 August 2015
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Stocks on the Move: Level 3 Communications, Inc. (NYSE:LVLT), Citrix Systems, Inc. (NASDAQ:CTXS), Crocs, Inc. (NASDAQ:CROX)

On Thursday, in the course of current trade, Shares of Level 3 Communications, Inc. (NYSE:LVLT), climbed 1.40%, and is now trading at $50.08.

Level 3 Communications, stated results for the second quarter 2015.

“Level 3 continued to drive profitable growth, as evidenced by our expanding margins,” said Jeff Storey, president and CEO of Level 3. “We executed on our integration plans, while maintaining our focus on the customer experience. Beyond integration, we are also making investments to position the company for long-term growth by advancing our product offerings, expanding our network footprint and simplifying our operating environment.”

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.

During an Afternoon trade, Shares of Citrix Systems, Inc. (NASDAQ:CTXS), climbed 0.61%, and is now trading at $75.74.

Citrix, declared that Gartner, Inc. has positioned Citrix in the leaders’ quadrant of the 2015 Magic Quadrant for Enterprise File Synchronization and Sharing (EFSS) report1 for the second year in a row for its EFSS ShareFile® product solution. ShareFile’s integration with other products in the Citrix portfolio, provides flexibility and security via Restricted StorageZones, in addition to extensive support for back-end integration which enables a hybrid EFSS architecture.

According to Gartner, “leaders provide mature offerings that meet market demand. They have demonstrated the vision necessary to sustain their market positions as requirements evolve. The hallmark of Leaders is that they focus and invest in their offerings to lead the market and affect its overall direction. Leaders can be the vendors to watch as you try to understand how new offerings might evolve. Leaders typically possess a significant, satisfied customer base and enjoy high visibility in the market. Their size and maturity enable them to remain viable under changing market conditions. Leaders typically respond to a wide market audience by supporting broad market requirements. However, they may fail to meet the specific needs of vertical markets or other more specialized segments.”

Citrix Systems, Inc. provides virtualization, mobility administration, networking, and Software as a Service solutions worldwide. The company’s Enterprise and Service Provider division offers XenMobile Enterprise, a solution to manage mobile devices, apps, and data; XenDesktop, a desktop virtualization system that gives customers the flexibility to deliver desktops and applications as cloud services; Citrix XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients; and Citrix Workspace Suite, a business mobility solution that delivers the user experience for any app or desktop.

Finally, Crocs, Inc. (NASDAQ:CROX) , gained 7.71% Thursday.

Crocs, stated financial results for the second quarter ended June 30, 2015.

Second Quarter Highlights:

  • Revenue was $345.7 million, in line with expectations. On a constant currency basis, revenue reduced 1.1% as contrast to the preceding year.
  • Net income attributable to common stockholders on a GAAP basis was $9.7 million per diluted share for the second quarter. Earnings per share were 11 cents per diluted share.
  • Not taking into account certain non-recurring and special charges, the company stated non-GAAP adjusted net income attributable to common shareholders of $27.3 million.

Crocs, Inc. designs, develops, manufactures, markets, and distributes casual lifestyle footwear, apparel, and accessories for men, women, and children worldwide. The company designs and sells a range of footwear and accessories that utilize its proprietary closed cell-resin, called Croslite.

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