How Are NVIDIA Corporation(NASDAQ:NVDA), Level 3 Communications, Inc.(NYSE:LVLT), and Juniper Networks, Inc.(NYSE:JNPR) Faring In Their Respective Tech Fields?
New York, NY – GDP INSIDER – 10/15/2014.
This article discusses three tech companies: NVIDIA Corporation(NASDAQ:NVDA), Level 3 Communications, Inc.(NYSE:LVLT), and Juniper Networks, Inc.(NYSE:JNPR)
NVIDIA Corporation(NASDAQ:NVDA) announced on Oct. 1st that its NVIDIA Tegra mobile processor will be used to power the Honda Connect in-car audio and information system in various high-selling car models, including the Honda Civic and CR-V. The companies have worked to implement the Android 4.0.4 operating system in these vehicles and drivers will be able to use the Honda Connect system via traditional touchscreen gestures. NVIDIA is best known for its graphics processing units.
Level 3 Communications, Inc.(NYSE:LVLT) currently has a bid price of $36.26 x 100 and an offer price of $43.00 x 100. This $6.74 difference implies that the company’s value could very well fluctuate in the near future. The large difference may have been caused by the fact that Level 3 was upgraded from Hold to Buy by Gabelli & Co yesterday. Not only that, but the Colorado-based company also announced that its Level 3 Financing subsidiary will be increasing its borrowings through a new $2 billion Tranche B 2022 Term Loan.
Contrastingly, Juniper Networks, Inc.(NYSE:JNPR) was downgraded by Argus on Monday. While the stock had previously been assigned a “Buy” rating, the California-based company is now a “Hold” in the eyes of Argus. Juniper Networks, which designs, develops, and sells products for high-performance networks, including campus and wide area networks, will be announcing its third quarter financial results on Oct. 23rd, 2014. The company’s preliminary results included an estimated revenue figure of between $1,110 to $1,120 million.
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