We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CenturyLink Hits 52-Week High on Favorable Growth Dynamics
Read MoreHide Full Article
Shares of communications services provider, CenturyLink, Inc. scaled a new 52-week high of $22.04 in yesterday’s trading session, before closing a tad lower at $21.88. In the past year, the stock has gained 6.5% against the industry’s decline of 6%.
Growth Drivers
CenturyLink reported promising second-quarter 2018 results with year-over-year increase in revenues and earnings. It remains focused on fostering improved operational efficiencies through network simplification and rationalization. This should help the company improve its end-to-end provisioning time and drive standardization.
CenturyLink has been trying to establish itself as a global leader in cloud infrastructure and hosted IT solutions arena designed for enterprise customers. Its strong network capabilities, integrated hosting and network solutions are likely to promote growth in the cloud business. Notably, the company sees its managed and cloud services as a key differentiator from other players in the market, which is likely to boost its top line.
The company’s existing network with millions of customer circuit, a global fiber footprint and an extraordinary IP backbone deliver connections to the world's most important cloud, data center and software-as-a-service providers. The expansion of new services like SD-WAN and embedded security enable it to create competitive advantages in Enterprise networking with the scale and scope that few others can match.
CenturyLink’s global network assets, robust product portfolio and willingness to invest for meeting customers’ needs, enable it to evolve. In addition to the integration efforts associated with the acquisition of Level 3, it is focused on transforming to more efficient operating models beyond the capture of synergies. It is working to create a more digital experience across customer base from Consumer customers to largest Business customers.
CenturyLink announced that it will provide private network connectivity to the IBM Cloud through CenturyLink Cloud Connect solutions. With this, customers can innovate more effectively by establishing low-latency connections on a global basis across private networks. It also announced that it will offer dedicated and private access to Oracle Cloud through Oracle Cloud Infrastructure FastConnect. Notably, CenturyLink Cloud Connect Solutions, together with Oracle's FastConnect service, will allow customers to enjoy the performance and reliability of a direct, secure connection.
For full-year 2018, CenturyLink raised its adjusted EBITDA, free cash flow and free cash flow after dividends guidance on favorable growth dynamics. Adjusted EBITDA is anticipated in the range of $9.00-$9.15 billion, up from the previous view of $8.75-$8.95 billion. Free cash flow is expected in the range of $3.60-$3.80 billion, up from $3.15-$3.35 billion expected earlier. Free cash flow after dividends is projected between $1.30 billion and $1.50 billion, up from the previous range of $0.85-$1.05 billion.
With continued growth impetus and core focus, the Zacks Rank #3 (Hold) stock is anticipated to hit new 52-week milestones in the second half of 2018.
Stocks to Consider
Better-ranked stocks in the industry include AT&T Inc. (T - Free Report) , United States Cellular Corporation (USM - Free Report) and Aquantia Corp. . While AT&T and United States Cellular sport a Zacks Rank #1 (Strong Buy), Aquantia carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AT&T has a long-term earnings growth expectation of 3.4%. It surpassed earnings estimates twice in the trailing four quarters with an average positive surprise of 5.9%.
United States Cellular has a long-term earnings growth expectation of 1%. It surpassed earnings estimates thrice in the trailing four quarters with an average positive surprise of 303.6%.
Aquantia surpassed earnings estimates once in the trailing four quarters with an average positive surprise of 50%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
CenturyLink Hits 52-Week High on Favorable Growth Dynamics
Shares of communications services provider, CenturyLink, Inc. scaled a new 52-week high of $22.04 in yesterday’s trading session, before closing a tad lower at $21.88. In the past year, the stock has gained 6.5% against the industry’s decline of 6%.
Growth Drivers
CenturyLink reported promising second-quarter 2018 results with year-over-year increase in revenues and earnings. It remains focused on fostering improved operational efficiencies through network simplification and rationalization. This should help the company improve its end-to-end provisioning time and drive standardization.
CenturyLink has been trying to establish itself as a global leader in cloud infrastructure and hosted IT solutions arena designed for enterprise customers. Its strong network capabilities, integrated hosting and network solutions are likely to promote growth in the cloud business. Notably, the company sees its managed and cloud services as a key differentiator from other players in the market, which is likely to boost its top line.
The company’s existing network with millions of customer circuit, a global fiber footprint and an extraordinary IP backbone deliver connections to the world's most important cloud, data center and software-as-a-service providers. The expansion of new services like SD-WAN and embedded security enable it to create competitive advantages in Enterprise networking with the scale and scope that few others can match.
CenturyLink’s global network assets, robust product portfolio and willingness to invest for meeting customers’ needs, enable it to evolve. In addition to the integration efforts associated with the acquisition of Level 3, it is focused on transforming to more efficient operating models beyond the capture of synergies. It is working to create a more digital experience across customer base from Consumer customers to largest Business customers.
CenturyLink announced that it will provide private network connectivity to the IBM Cloud through CenturyLink Cloud Connect solutions. With this, customers can innovate more effectively by establishing low-latency connections on a global basis across private networks. It also announced that it will offer dedicated and private access to Oracle Cloud through Oracle Cloud Infrastructure FastConnect. Notably, CenturyLink Cloud Connect Solutions, together with Oracle's FastConnect service, will allow customers to enjoy the performance and reliability of a direct, secure connection.
For full-year 2018, CenturyLink raised its adjusted EBITDA, free cash flow and free cash flow after dividends guidance on favorable growth dynamics. Adjusted EBITDA is anticipated in the range of $9.00-$9.15 billion, up from the previous view of $8.75-$8.95 billion. Free cash flow is expected in the range of $3.60-$3.80 billion, up from $3.15-$3.35 billion expected earlier. Free cash flow after dividends is projected between $1.30 billion and $1.50 billion, up from the previous range of $0.85-$1.05 billion.
With continued growth impetus and core focus, the Zacks Rank #3 (Hold) stock is anticipated to hit new 52-week milestones in the second half of 2018.
Stocks to Consider
Better-ranked stocks in the industry include AT&T Inc. (T - Free Report) , United States Cellular Corporation (USM - Free Report) and Aquantia Corp. . While AT&T and United States Cellular sport a Zacks Rank #1 (Strong Buy), Aquantia carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AT&T has a long-term earnings growth expectation of 3.4%. It surpassed earnings estimates twice in the trailing four quarters with an average positive surprise of 5.9%.
United States Cellular has a long-term earnings growth expectation of 1%. It surpassed earnings estimates thrice in the trailing four quarters with an average positive surprise of 303.6%.
Aquantia surpassed earnings estimates once in the trailing four quarters with an average positive surprise of 50%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>