A day after celebrating his 83rd birthday, Walter Scott Jr. on Thursday formally stepped down from his post as chairman of Level 3 Communications, Inc. (NYSE:LVLT) one of the world’s largest Internet network operators. Level 3 Communications, Inc. (NYSE:LVLT) net profit margin is 1.30% and weekly performance is 1.68%. On last trading day company shares ended up $44.28. Analysts mean target price for the company is $45.30. Level 3 Communications, Inc. (NYSE:LVLT) distance from 50-day simple moving average (SMA50) is 10.72%.
Glowpoint, Inc. (NYSEMKT:GLOW), a leading provider of video collaboration services and network solutions, reported financial results for the quarter ended March 31, 2014. Revenue increased sequentially to $8.0 million in the first quarter of 2014 from $7.9 million in the fourth quarter of 2013. Revenue was $8.5 million for the first quarter of 2013. Adjusted EBITDA (a non-GAAP financial measure defined below and reconciled to GAAP in the attached schedule) increased 6% to $0.9 million in the first quarter of 2014 compared with $0.8 million for the same period last year. Net cash provided by operating activities was $0.5 million for the first quarter of 2014, compared with $0.3 million for the same period last year. The company ended the first quarter with $2.2 million of cash compared with $2.3 million at December 31, 2013. Glowpoint, Inc. (NYSEMKT:GLOW) shares advanced 2.50% in last trading session and ended the day on $1.64. GLOW Gross Margin is 41.30% and its return on assets is -11.50%. Glowpoint, Inc. (NYSEMKT:GLOW) quarterly performance is 18.84%.
GTT Communications Inc (NYSEMKT:GTT) was gaining 20.5% to $9.48 after pricing a public offering of 3 million shares of common stock. GTT price the public offering of 3 million shares of common stock at $7.75 a share. The company also granted the underwriters of the offering an option to buy up to an additional 450,000 shares of common stock to cover over-allotments. GTT Communications Inc (NYSEMKT:GTT) shares moved up 15.25% in last trading session and was closed at $9.07, while trading in range of $8.04 – $9.50. GTT Communications Inc (NYSEMKT:GTT) year to date (YTD) performance is 24.25%.
Sky-mobi Limited (ADR) (NASDAQ:MOBI), a leading mobile application store in China, today announced its participation in the Global Mobile Internet Conference (GMIC), held May 5 – May 6, 2014 at the China National Convention Center in Beijing. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) ended the last trading day at $7.05. Company weekly volatility is calculated as 7.02% and price to cash ratio as 2.20. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) showed a positive weekly performance of 12.08%.
So far this year, just one Brazilian company has tapped the equity market. In April, telecommunications company Oi SA (ADR) (NYSE:OIBR) raised 13.96 billion reais in a share offering as part of its plan to merge with Portugal Telecom SGPS SA into a new company. Oi SA (ADR) (NYSE:OIBR) weekly performance is 6.25%. On last trading day company shares ended up $0.847. Analysts mean target price for the company is $1.77. Oi SA (ADR) (NYSE:OIBR) distance from 50-day simple moving average (SMA50) is -28.63%.