Level three Communications ( LVLT) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.5%. By the end of trading, Level three Communications rose $1.23 (5.1%) to $25.49 on heavy volume. Throughout the day, 7.5 million shares of Level three Communications exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $24.33-$25.62 after having opened the day at $24.40 as compared to the previous trading day's close of $24.26. Other companies within the Technology sector that increased today were: VirnetX ( VHC), up 22.5%, Ellie Mae ( ELLI), up 20.4%, Atlantic Tele-Network ( ATNI), up 18.1%, and ION Geophysical Corporation ( IO), up 17%. Level three Communications, Inc. engages in the communications business in North America and Europe. Level three Communications has a market cap of $5.02 billion and is part of the telecommunications industry. Shares are up 42.8% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Level three Communications a buy, no analysts rate it a sell, and seven rate it a hold. TheStreet Ratings rates Level three Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and weak operating cash flow.
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