SOURCE: The Bedford Report

The Bedford Report

September 19, 2011 08:16 ET

Level 3 Communications and Akamai Turn to New Technologies

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

NEW YORK, NY--(Marketwire - Sep 19, 2011) - A report from Global Industry Analysts (GIA) estimates that the global Content Delivery Network (CDN) market is projected to reach $4.7 billion by 2015. According to the report, key factors driving market growth include increased penetration of broadband services and expanding deployments of rich-media files across media, enterprise and entertainment. The Bedford 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:

GIA says that growth of video content over the Internet, increasing use of Internet for transfer of rich content, and consistent use of Internet among business sector for information exchange and communication are driving the CDN market.

In order to boost appeal, and separate themselves from the competition, companies within the content delivery industry are increasingly looking to cloud computing. From security to application optimization and performance, cloud computing is a growing sector, which Level 3 Communications and Akamai are both exploiting.

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Level 3 Communications is a facilities-based provider of a range of integrated communications services. It offers a range of communications services, which include network and Internet services, colocation service, media services and voice services. Last month the company announced that it has been selected to provide CDN services to Russian online video portal RuTube, enabling the delivery of the portals video content throughout Europe.

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.

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