5 Companies That Came To Win This Week

CenturyLink Surges On Managed Services Successes

CenturyLink's stock surged 13 percent Thursday following an earnings call that highlighted a successful quarter for its burgeoning IT and managed services segment.

Despite a decline in second-quarter 2018 revenue, CenturyLink raised its full-year 2018 guidance and exceeded Wall Street's expectations for the quarter.

CenturyLink has shifted its focus from legacy voice and connectivity solutions to strategic IT solutions, especially since it closed its acquisition of Broomfield, Colo.-based Level 3 Communications last November.