Global Crossing Ltd. (GLBC) - NASDAQ
GLBC is defunct.
  • Jul. 27, 2011, 9:44 AM

    Global Crossing (GLBC) drops 4.2% after reporting Q2 EPS of -$0.57, above the -$0.62 consensus. Revenue of $692M (+10% Y/Y) is above the $673M consensus, and free cash flow of $10M is up from -$93M in Q1. Company guides for 2011 "invest and grow" revenue growth of 6-9%. Consensus is for 4.8% total revenue growth.

    | Jul. 27, 2011, 9:44 AM
  • Apr. 11, 2011, 3:25 PM

    Stocks slump into the close, with large-cap techs Google (GOOG -0.5%), Apple (AAPL -1.4%), Netflix ([NFLX]] -3.1%) and IBM (IBM -0.3%) having the most adverse affect, given their market weight. Oppenheimer lowers Google margin assumptions; parts supply shortages may be hitting Apple; Netflix is under pressure after the LVLT-GLBC combo; Intel is downgraded.

    | Apr. 11, 2011, 3:25 PM | 2 Comments
  • Apr. 11, 2011, 9:05 AM

    Premarket gainers: GLBC +77%. AMMD +32%. LVLT +26%. YONG +17%. TYC +8%. BIIB +7%. VVUS +7%. AONE +5%. SHZ +6%. BIDU +5%. BCS +4%. MCP +4%. AVL +4%. HEK +3%. REE +3%.
    Losers: PUDA -12%. ORIT -4%. SINA -3%. PPL -3%. IRE -3%. MDVN -3%.

    | Apr. 11, 2011, 9:05 AM
  • Apr. 11, 2011, 8:56 AM

    Global Crossing (GLBC) shares +73% to $25.65 and crossing into the global stratosphere on news that Level 3 (LVLT) is buying it for $3B in an all-stock purchase. LVLT is a mere +24%. Global is now trading beyond the offer price of $23.04/share.

    | Apr. 11, 2011, 8:56 AM
  • Apr. 11, 2011, 7:43 AM
    Breaking: Level 3 (LVLT) to pay $3B for Global Crossing (GLBC) in an all-stock purchase. The $23.04/share deal is a ~56% premium to Global Crossing's Friday close. (PR)
    | Apr. 11, 2011, 7:43 AM | 1 Comment
Company Description
Currently, there's no company description for GLBC.
Sector: Technology
Industry: Diversified Communication Services
Country: United States