Telecom service provider,
) has announced that in the upcoming 2014 International Consumer
Electronics Show from Jan 7-10 in Las Vegas, the company will
demonstrate Prism TV applications on new LG Smart TV products.
This promotion will be followed by CenturyLink's pilot project
onPrism TV applications by the end of this year.
We believe that highlighting of the latest development in
Prism TV would spread awareness among customers regarding the
company's products and their features. As a result, it would lead
to customer addition, and ultimately supporti the top
CenturyLink's Prism TV service is performing well and is
expected to compensate for the revenue loss due to reduction of
single play voice customers. CenturyLink also remains committed
to take Prism TV service to additional markets. The company's
strategic revenues were high in the third quarter based on
increased Prism TV subscriber addition and rate hikes on selected
Apart from Prism TV, CenturyLink is concentrating on expanding
the business base of its subsidiary Savvis, which has contributed
immensely 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 as AppFog's high-quality
Platform-as-a-Service offerings along with Savvis'
industry-leading infrastructure base will likely create a secure
and reliable network for developing applications in the
Additionally, the demand for managed hosting solutions from
customers remains strong as these look to reduce expenses and
enhance efficiency by using these products. CenturyLink also
extended its partnership with
) to introduce the vCloud Hybrid service in its North American
Savvis Data Center.
CenturyLink currently has a Zacks Rank #3 (Hold).
Other Stocks In this category Better-ranked stocks in the
ID Systems Inc.
). Both carry a Zacks Rank #2 (Buy).
CENTURYLINK INC (CTL): Free Stock Analysis
ID SYSTEMS INC (IDSY): Free Stock Analysis
INTELIQUENT INC (IQNT): Free Stock Analysis
VMWARE INC-A (VMW): Free Stock Analysis
To read this article on Zacks.com click here.