SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 04, 2011 08:16 ET

Level 3 Communications and Akamai Poised for Growth in Fourth Quarter

The Paragon Report Provides Equity Research on Level 3 Communications & Akamai

NEW YORK, NY--(Marketwire - Oct 4, 2011) - Cloud computing is highly appealing to today's organizations, not only because of its projected cost savings but also because of the cloud's flexibility. With cloud services requiring more bandwidth due to high quality media, content delivery networks find themselves in higher demand. The Paragon Report examines the outlook for companies in the Technology Sector and provides research reports on Level 3 Communications, Inc. (NASDAQ: LVLT) and Akamai Technologies, Inc. (NASDAQ: AKAM). Access to the full company reports can be found at:

Level 3 Communications is a well-diversified company across 145 markets in service in North American and approximately 45 markets in service in Europe. The company holds approximately 6.9 million square feet of Gateway and transmission facilities in North America and Europe, and substantial transoceanic cable system capacity, primarily across the Atlantic Ocean.

The company recently announced that it is buying Global Crossing Ltd for $2 billion. The purchase of Global Crossing brings Level 3 cloud computing services, which deliver software, data storage and other services over the Internet. The Justice Department and the Federal Communications Commission approved the combination last Thursday.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the technology sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Akamai provides cloud-based services for optimizing Web and mobile content and applications, online HD video, and secure e-commerce. For the second quarter, AKAM reported earnings of 27 cents per share -- 17.4% higher than the 23 cents per share reported in the prior-year quarter.

Total revenue in the quarter was $277.0 million, up 13.0% year over year. Reported revenue was within management's guided range of $270.0 million to $280.0 million. Revenue from Akamai's fastest growing Enterprise vertical grew 28% year over year to $37.7 million, as more customers adopted cloud services for their businesses.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at