Abovenet Inc (NYSE: ABVT) is on The StockGuru Leader Board today. The stock closed up 12.78% on Monday.
Volume was 4,409,314 shares traded.
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About the Company:
AboveNet, Inc., together with its subsidiaries, provides high-bandwidth connectivity solutions to corporate enterprise clients, communication carriers, and government entities in the United States and Europe. It offers communications infrastructure and global Internet protocol (IP) network to various companies, including commercial banks, brokerage houses, insurance companies, investment banks, media companies, social networking companies, Web-centric companies, law firms, and medical and health care institutions. The company also provides high speed private optical network for electronic commerce and other mission-critical services, such as business Internet and cloud applications, regulatory compliance, disaster recovery, and business continuity. In addition, it offers fiber infrastructure services that include the leasing of dark fiber primarily to telecommunications carriers, enterprises, Internet, and Web-centric businesses; the maintenance of dark fiber networks; and the provisioning of co-location and in-building interconnection services. Further, the company provides high-bandwidth metro service comprising point-to-point Ethernet connectivity and complex multi-node wavelength-division multiplexing solutions; and wide area network services that provide connectivity solutions between metro markets and high-bandwidth customers, as well as a suite of Ethernet and IP virtual private network services that offer connectivity between various locations in various cities. It operates metro networks of approximately 2.2 million fiber miles and 9,000 cable route miles; and long haul fiber-optic communications network of approximately 13,000 cable route miles. The company was formerly known as Metromedia Fiber Network, Inc. and changed its name to AboveNet, Inc. in August 2003. AboveNet, Inc. was founded in 1993 and is headquartered in White Plains, New York.
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