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4-Traders Homepage  >  Equities  >  Nyse  >  Centurylink Inc    CTL

Delayed Quote. Delayed  - 07/29 10:03:10 pm
31.44 USD   +1.98%
07/27 CENTURYLINK : to Participate in Analyst Conference
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CenturyLink : wins OCC disaster recovery services contract

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07/28/2016 | 08:02pm CEST

By a News Reporter-Staff News Editor at Politics & Government Week -- CenturyLink, Inc. (NYSE: CTL) recently won a contract to provide disaster recovery services to the Office of the Comptroller of the Currency (OCC).

http://photos.prnewswire.com/prnvar/20140806/134213

CenturyLink will help the OCC develop and manage a secure, reliable and cost-effective disaster recovery service for its mission-critical systems by providing a dedicated, always ready, on-demand server environment to ensure the continuity of operations in the event of a natural or man-made disaster.

The company will specifically support the OCC's disaster recovery program testing, security, compliance, configuration management, emergency operations and documentation requirements.

The one-year contract for managed disaster recovery services with dedicated hardware and storage has five one-year options and a contract ceiling of $29 million.

"CenturyLink is pleased to provide the OCC with disaster recovery services that will help the agency that oversees our nation's banking system maintain continuity of operations in the event of an emergency," said CenturyLink Senior Vice President and General Manager Tim Meehan, who leads the company's federal government team.

By supplying colocation, managed hosting and IT services over its carrier-class network, CenturyLink provides government agencies with the security and reliability they need to carry out their important missions.

CenturyLink is ranked No. 34 on Washington Technology's 2016 Top 100 list of federal government IT contractors.

Keywords for this news article include: Politics, CenturyLink Inc..

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

(c) 2016 NewsRx LLC, source Government & Education Newsletters

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Financials ($)
Sales 2016 17 583 M
EBIT 2016 3 012 M
Net income 2016 857 M
Debt 2016 19 364 M
Yield 2016 6,83%
P/E ratio 2016 19,91
P/E ratio 2017 20,51
EV / Sales 2016 2,08x
EV / Sales 2017 2,07x
Capitalization 17 168 M
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Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 29,6 $
Spread / Average Target -5,9%
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Managers
NameTitle
Glen F. Post President, Chief Executive Officer & Director
William Arthur Owens Non-Executive Chairman
R. Stewart Ewing Chief Financial Officer & Executive Vice President
William E. Bradley Chief Information Officer & Senior Vice President
Aamir Hussain Chief Technology Officer & Executive VP
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