SOURCE: The Bedford Report

The Bedford Report

August 04, 2011 08:16 ET

Level 3 Communications and 8x8 Inc. Continue to Innovate

The Bedford Report Provides Equity Research on Level 3 Communications & 8x8 Inc.

NEW YORK, NY--(Marketwire - Aug 4, 2011) - The Data communications sector is receiving more attention in recent quarters as broadband internet access becomes ever more accessible. In order to boost appeal, and separate themselves from the competition, companies within the industry are increasingly looking to cloud computing. The Bedford Report examines the outlook for companies in the Technology Sector and provides research reports on Level 3 Communications, Inc. (NASDAQ: LVLT) and 8x8 Inc. (NASDAQ: EGHT). Access to the full company reports can be found at:

8x8 Inc. is a self-described "provider of innovative business communications and cloud computing solutions." Last month the company introduced new cloud-based video conferencing service. The 8x8 Virtual Room enables up to 20 participants to join the conference from any location. All one has to do is to click on a web page or dial a regular 10-digit phone number, and then see as well as be seen by all other participants in the same Virtual Room.

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8x8 Inc. recently announced that revenue for the first quarter of fiscal 2012 grew to a record $18.5 million, a 10% increase over revenue of $16.8 million for the same period of fiscal 2011. Gross margin for the first quarter of fiscal 2012 was 67%, compared with 68% in the same period of fiscal 2011.

Earlier this year Level 3 Communications said that it is buying Global Crossing Ltd for $3 billion. The purchase of Global Crossing brings Level 3 several new businesses, including cloud computing services, which deliver software, data storage and other services over the Internet.

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