Tech Company Stocks In Q1: Who Gained? Who Lost?

Submitted by on

http://www.crn.com/ckfinder/userfiles/images/crn/executives/post_glen_centurylink400.jpg

CenturyLink

CEO: Glen Post

Dec. 30, 2016: $23.78

March 31, 2017: $23.57

Change: -0.88%

In February communications giant Centurylink reported that revenue for all of 2016 was $17.47 billion, down 2.4 percent from $17.90 billion in 2015. Net income for the year was $626 million, down nearly 29 percent from $878 million in 2015.

CenturyLink is in the process of acquiring Level 3 Communications for about $34 billion in cash and stock in a deal announced Oct. 31, 2016. The companies hope to complete that acquisition by the end of this year.

Pages