NASDAQ Stocks Hitting 52-Week Highs (SVVS, ERIC, ALTR, CCIX)

SAVVIS Inc SVVS shares jumped 8.55% to create a new 52-week high of $39.10. CenturyLink CTL announced its plans to buy SVVS for $40 per share, or $2.5 billion in cash, plus net debt of about $0.7 billion. LM Ericsson Telephone Company ERIC shares gained 12.33% to touch a new 52-week high of $14.76. ERIC reported upbeat Q1 profit. Altera Corporation ALTR shares rose 3.16% to create a new 52-week high of $48.06. ALTR reported upbeat Q1 profit. Coleman Cable Inc CCIX shares gained 2.27% to create a new 52-week high of $10.35. CCIX is scheduled to report its Q1 results on May 5. Read more from Benzinga's Markets.