) has announced the opening of a new data center in the greater
Toronto area. The new facility will cater to the growing demand for
secure colocation, managed hosting and cloud services in the
Currently, the new data center is the company's second facility
in the Toronto region and the fourth in Canada. We believe the new
data center will allow the company to tap opportunities in the
enterprise business and significantly promote the cloud products
offered by the company.
CenturyLink is on an expansion spree with regard to its data
centers. With around 57 data centers spanning across North America,
Europe and Asia, management aims to capture more businesses by
increasing its data center wings in strategically suitable and
secure locations, boosting interconnectivity within the company's
core operations. It expects to deploy advanced cloud node to six
data centers by 2014-end.
The company has also acquired public cloud services provider,
Tier 3, in order to boost its cloud development and data hosting
capabilities. CenturyLink believes Tier 3's public multi-tenant
cloud platform, coupled with its network and data center footprint
and managed services team, will contribute strongly to growth going
Moving on, CenturyLink is keen to build infrastructure to meet
the growing needs for cloud hosting and colocation services.
Further, the company's strong network capabilities, integrated
hosting and network solutions will promote growth in the cloud
CenturyLink is also concentrating on expanding the business base
of its subsidiary Savvis, which has contributed substantially in
uplifting the performance level of the former through its cloud
computing and managed hosting solutions for enterprises. In this
regard, CenturyLink acquired Platform-as-a-Service (PaaS) provider
- AppFog Inc.
This acquired unit - which extends custom-made PaaS capabilities
to software developers and public cloud services through
www.appfog.com - will augment the product portfolio of Savvis. We
view this acquisition as a growth driver for CenturyLink as
AppFog's high-quality PaaS offerings along with Savvis'
industry-leading infrastructure base will likely create a secure
and reliable network for developing applications in the cloud.
Currently, CenturyLink has a Zacks Rank #3 (Hold).
Better-ranked wireless stocks that warrant a look include
RF Micro Devices Inc.
Meru Networks, Inc.
Ruckus Wireless, Inc.
). While RF Micro Devices sports a Zacks Rank #1 (Strong Buy), Meru
Networks and Ruckus Wireless carry a Zacks Rank #2 (Buy).
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CENTURYLINK INC (CTL): Free Stock Analysis
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RF MICRO DEVICE (RFMD): Free Stock Analysis
MERU NETWORKS (MERU): Free Stock Analysis
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