On Monday, Level 3 Communications, Inc. (NYSE:LVLT)’s shares inclined 0.02% to $55.49.
Level 3 Communications, Inc. (LVLT) and Optus Wholesale and Satellite declared that Level 3 is providing deep-edge caching services that will enable Optus to locally cache high-demand content on its network. The agreement gives Optus quicker access to content, while growing Level 3’s content delivery network (CDN) capacity in Australia by 300 percent.
The demand for online video continues to grow globally. According to Adobe’s most recent Video Benchmark Report, online TV video consumption grew 388 percent from 2013 to 2014. In addition, new research from Park Associates found that nearly 50 million streaming media players will be sold worldwide by 2017. This data, combined with the proliferation of smart devices like phones and tablets, creates a greater need for reliable, fast and high quality streaming video across the world, counting in Australia.
Through its partnership with Level 3, Optus can now offer its millions of customers faster deliveries and improved delivery completion rates in addition to scale on demand to handle traffic spikes without affecting quality. In addition, Optus can resell Level 3’s CDN services across Australia.
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.
Cheetah Mobile Inc (ADR) (NYSE:CMCM)’s shares gained 1.76% to $32.40.
Cheetah Mobile Inc (ADR) (CMCM) filed a complaint in federal court in Northern District of California (Case No. 3:15-cv-02363) against APUS Group for defamation, trade libel, copyright infringement, federal and state trademark dilution, false advertising, and unfair competition, intentional interference with prospective economic advantage, and intentional interference with contract. In its complaint, Cheetah Mobile seeks an injunction in addition to monetary damages for the harm to its business, reputation, and consumer goodwill, an accounting of APUS’ profits from its misconduct, punitive damages, and attorneys’ fees and costs.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The company’s suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats.
At the end of Monday’s trade, Prudential Financial Inc (NYSE:PRU)‘s shares dipped -0.31% to $84.35.
Prudential Financial Inc (PRU) declared it will host a conference call to provide market commentary and product updates for Prudential Short Duration High Yield Fund, Inc. (ISD) and Prudential Global Short Duration High Yield Fund, Inc. (GHY).
The call will feature two of the Funds’ portfolio managers from Prudential Fixed Income’s Leveraged Finance Team, Rob Spano, CFA, CPA and Daniel Thorogood, CFA. During the call they will talk about the Funds’ performance and their current views and outlook on the high yield market. The call will also comprise a question and answer session.
Details for the call, planned for Tuesday, June 2, 2015, counting dial-in information, can be found below. A replay of the call will be accessible through August 2, 2015.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally.
Cyberark Software Ltd (NASDAQ:CYBR), ended its Monday’s trading session with -2.36% loss, and closed at $60.72.
Cyberark Software Ltd (CYBR) the company that protects organizations from cyber attacks that have made their way inside the network perimeter, recently declared that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission for a projected public offering of its ordinary shares. A majority of the shares are predictable to be sold by shareholders of the company and about $50 million of the shares are predictable to be sold by CyberArk. The underwriters will have a 30-day option from the date of the offering to purchase additional ordinary shares from the selling shareholders. CyberArk will not receive any proceeds from the sale of the shares by selling shareholders. The number of shares to be sold and the allocation of the shares between CyberArk and existing shareholders have not yet been determined.
Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Barclays Capital Inc. will act as joint book-running managers and as representatives of the underwriters in the projected offering. BofA Merrill Lynch and UBS Securities LLC will also act as book-running managers for the projected offering. William Blair & Company, L.L.C., Nomura Securities International, Inc. and Oppenheimer & Co. Inc. will act as co-managers for the projected offering.
CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor privileged account access and activities.
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