Key Developments: CenturyLink Inc (CTL.N)

CTL.N on New York Stock Exchange

36.77USD
11 Jul 2014
Price Change (% chg)

$-0.01 (-0.03%)
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$36.78
Open
$36.69
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$36.88
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$36.61
Volume
391,477
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$38.20
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Latest Key Developments (Source: Significant Developments)

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In CenturyLink Inc To Contact Firm
Friday, 7 Jun 2013 08:45pm EDT 

Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at CenturyLink Inc. The investigation focuses on whether CenturyLink made materially false and misleading statements regarding the Company's dividend cut. Specifically, the investigation focuses on whether the Company issued false and misleading statements in regards to its free cash flow, which significantly impacts the ability of CenturyLink to offer the high dividend it paid over the past several months. On February 13, 2013, CenturyLink issued a press release announcing that its dividend was being dramatically decreased by over 25%, dropping from $0.725 to $0.54 per share. Following this news, the Company's common stock price declined more than 22% -- to $32.27 per share.  Full Article

Scott+Scott, Attorneys at Law, LLP Files Class Action Lawsuit Against CenturyLink Inc on Behalf of Investors
Wednesday, 5 Jun 2013 03:42pm EDT 

Scott+Scott, Attorneys at Law, LLP announced that it filed a class action complaint against CenturyLink Inc (CenturyLink or the Company) in the United States District Court for the Southern District of New York. The securities class action, which seeks remedies under the Securities Exchange Act of 1934, was filed on behalf of those persons and entities who purchased or otherwise acquired CenturyLink securities between August 8, 2012 and February 14, 2013, inclusive (the Class Period). The securities class action charges that, throughout the Class Period, CenturyLink made false and/or misleading statements to investors and failed to disclose material adverse facts concerning CenturyLink's dividend cut. Specifically, the complaint alleges that CenturyLink misled investors concerning the strength of its free cash flow, which was an important factor in the Company's ability to maintain its dividend levels. These false and misleading statements artificially inflated, maintained, and increased the price of CenturyLink's common stock, which traded as high as $42.99 during the Class Period.  Full Article

CenturyLink Inc Lowers FY 2013 Revenue Guidance-Conference Call
Thursday, 30 May 2013 05:17pm EDT 

CenturyLink Inc announced that revenue will be down 0.5% to 1.5% in fiscal 2013 versus 2012. For fiscal 2014, it expect to be able to stabilize revenue versus fiscal 2013. The Company reported revenues of $18.376 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $18.073 billion for fiscal 2013.  Full Article

CenturyLink Inc Declares Quarterly Cash Dividend
Wednesday, 22 May 2013 03:47pm EDT 

CenturyLink Inc announced that Board of Directors voted to declare a quarterly cash dividend of $0.54 per share, payable on June 14, 2013, to shareholders of record on June 3, 2013.  Full Article

Zeldes Haeggquist & Eck, LLP Announces Investigation Of CenturyLink Inc
Tuesday, 21 May 2013 09:02am EDT 

Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, announced the commencement of an investigation into CenturyLink, Inc., to determine whether the Company has violated securities laws by issuing false and misleading statements to shareholders. The Company also announced a new capital allocation initiative, under which the Company authorized the repurchase of up to $2.0 billion of the Company's outstanding common stock. At the same time the Company announced a plan to reduce the Company's quarterly cash dividend rate from $0.725 to $0.54 per share. On this news, the price of CenturyLink stock dropped from $41.69 on February 13, 2013 to close at $32.27 on February 14, 2013. The Company is investigating whether statements made by CenturyLink to the investing public in connection with the above were materially false and misleading at the time they were made.  Full Article

CenturyLink Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Wednesday, 8 May 2013 04:17pm EDT 

CenturyLink Inc announced that for second quarter of 2013, it expects operating revenue in the range of $4.49-$4.54 billion and adjusted diluted earnings per share (EPS) (excluding special items) in the range of $0.63-$0.68. For fiscal 2013, it expects operating revenues in the range of $18.1-$18.3 billion and adjusted diluted EPS (excluding special items) in the range of $2.60-$2.75 (prior guidance range $2.50-$2.70). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.5 billion and EPS of $0.66 for second quarter of 2013; revenue of $18.1 billion and EPS of $2.66 for fiscal 2013.  Full Article

CenturyLink Inc Wins Defense Research And Engineering Network III Contract
Tuesday, 23 Apr 2013 09:00am EDT 

CenturyLink Inc announced that recently won the Defense Research and Engineering Network (DREN) III contract sponsored by the U.S. Department of Defense High Performance Computing Modernization Program (DoD HPCMP). The HPCMP aims to solve complicated and time-consuming problems with massively-parallel computing and high-speed networking.  Full Article

CenturyLink Inc Prices $1.0 Billion Of Debt Securities
Monday, 18 Mar 2013 05:27pm EDT 

CenturyLink Inc announced that it agreed to sell $1.0 billion of newly-issued unsecured seven-year senior notes. The senior notes due 2020 were priced at par with a coupon of 5.625%. The closing of this offering is expected to occur on March 21, 2013. CenturyLink expects to use the net proceeds from this offering to repay a portion of the indebtedness outstanding under its $2 billion revolving credit facility, to repay its senior notes maturing on April 1, 2013 and for other general corporate purposes. J.P. Morgan Securities LLC and Barclays Capital Inc. are the joint physical book-running managers for this offering.  Full Article

CenturyLink Inc Declares Quarterly Cash Dividend
Wednesday, 27 Feb 2013 11:53am EST 

CenturyLink Inc announced that its Board of Directors voted to declare a quarterly cash dividend of $0.54 per share, payable on March 22, 2013, to shareholders of record on March 11, 2013.  Full Article

CenturyLink, Inc. Issues Q1 2013 Mixed Guidance; Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Wednesday, 13 Feb 2013 04:08pm EST 

CenturyLink, Inc. announced that for the first quarter of 2013, it expects operating revenue to be in the range of $4.46 to $4.51 billion and adjusted diluted EPS to be in the range of $0.67 to $0.72. For fiscal 2013, it expects operating revenue to be in the range of $18.1 to $18.3 billion and adjusted diluted EPS to be in the range of $2.50 to $2.70. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.55 billion and EPS of $0.66 for the first quarter of 2013; revenue of $18.55 and EPS of $2.64 for fiscal 2013.  Full Article

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