Lumen Technologies, Inc. (LUMN)

NYSE: LUMN · IEX Real-Time Price · USD
1.300
-0.030 (-2.26%)
At close: May 15, 2024, 4:00 PM
1.290
-0.010 (-0.77%)
After-hours: May 15, 2024, 7:55 PM EDT
-2.26%
Market Cap 1.32B
Revenue (ttm) 14.11B
Net Income (ttm) -10.75B
Shares Out 1.02B
EPS (ttm) -10.93
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 8,009,052
Open 1.350
Previous Close 1.330
Day's Range 1.270 - 1.360
52-Week Range 0.780 - 2.700
Beta 1.16
Analysts Hold
Price Target 1.64 (+26.15%)
Earnings Date Apr 30, 2024

About LUMN

Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legac... [Read more]

IPO Date Dec 15, 1972
Employees 28,000
Stock Exchange NYSE
Ticker Symbol LUMN
Full Company Profile

Financial Performance

In 2023, LUMN's revenue was $14.56 billion, a decrease of -16.71% compared to the previous year's $17.48 billion. Losses were -$10.30 billion, 565.2% more than in 2022.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for LUMN stock is "Hold." The 12-month stock price forecast is $1.64, which is an increase of 26.15% from the latest price.

Price Target
$1.64
(26.15% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Lumen Technologies to Present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference

DENVER , May 14, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate ...

1 day ago - PRNewsWire

Lumen Appoints Chad Ho as Executive Vice President and Chief Legal Officer

Ho to Succeed Veteran Executive Stacey Goff DENVER , May 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced it has appointed Chad Ho as executive vice president and chief legal of...

9 days ago - PRNewsWire

Lumen CEO scoops up another $1 million batch of stock

Lumen Technologies Inc.'s chief executive continues to be a buyer of her company's stock, scooping up nearly $1 million worth in the wake of the latest earnings report.

9 days ago - Market Watch

Lumen unveils AI-powered threat defense tool for businesses

Lumen Defender uses Black Lotus Labs' threat intelligence to proactively stop attacks at the network edge  DENVER , May 1, 2024 /PRNewswire/ -- To combat the growing number of cyberattacks targeting b...

14 days ago - PRNewsWire

Lumen's stock gains after beat on free cash flow

Lumen Technologies Inc. reported mixed results for the latest quarter, posting a surprise adjusted loss but topping expectations on free cash flow.

15 days ago - Market Watch

Lumen Technologies reports first quarter 2024 results

First  Quarter 2024 Highlights Successfully completed our TSA transactions with a broad group of our creditors, significantly strengthening our balance sheet and addressing over $15 billion of our deb...

15 days ago - PRNewsWire

Lumen Technologies to cut staff by less than 7%

Lumen Technologies Inc. LUMN, on Tuesday said it would reduce staff by less than 7% through layoffs and voluntary separations. The telecom and networking company said in a filing that the move was par...

22 days ago - Market Watch

Lumen lands $73.6 million contract with U.S. Government Accountability Office

Company's network strength will help transform the investigative arm of Congress WASHINGTON , April 11, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) recently landed a $73,616,904 contract to t...

4 weeks ago - PRNewsWire

Lumen Technologies sets first quarter 2024 earnings call date

DENVER , Apr. 2, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its first quarter 2024 ...

6 weeks ago - PRNewsWire

Lumen Disrupts Cybercriminals Targeting Home and Office Routers

Black Lotus Labs reveals how TheMoon malware used end-of-life routers to power a notorious cybercrime service called Faceless, urges consumers to secure devices DENVER , March 26, 2024 /PRNewswire/ --...

7 weeks ago - PRNewsWire

Lumen Technologies Completes TSA Transactions, Enabling Transformation Strategy

Moves Forward as a Stronger Company with Increased Financial Flexibility Primed to Execute on Business Transformation Plans DENVER , March 22, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN...

7 weeks ago - PRNewsWire

Lumen Technologies to Present at the New Street Research and BCG Fiber to the Future Conference

DENVER , March 15, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chr...

2 months ago - PRNewsWire

Lumen Technologies Announces Commencement of Consent Solicitation In Connection with Completion of TSA Transactions

Closing of TSA Transactions Expected by End of Month DENVER , March 11, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen" or the "Company"), a global integrated network solutions pro...

2 months ago - PRNewsWire

Microsoft Veteran Joins Lumen as Chief Marketing Officer

DENVER , March 1, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has named Ryan Asdourian as its new Executive Vice President and Chief Marketing Officer. In this role, Asdourian will oversee Br...

2 months ago - PRNewsWire

Lumen Technologies to Present at the Morgan Stanley Technology, Media & Telecom Conference

DENVER , Feb. 27, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chri...

2 months ago - PRNewsWire

Lumen Technologies to Present at the Raymond James 45th Annual Institutional Investors Conference

DENVER , Feb. 26, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chri...

2 months ago - PRNewsWire

Lumen strengthens technology transformation with new board appointment

Visionary executive Diankha Linear brings market disruption expertise to the Board  DENVER, Feb. 22, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced the appointment of Diankha Lin...

2 months ago - PRNewsWire

Government Sector is Top Targeted Industry for DDoS Attacks in Q4 2023

Lumen Quarterly DDoS & Application Threat Report reveals the latest trends and insights  on cyberattacks and AI threats DENVER , Feb. 8, 2024 /PRNewswire/ -- The government sector experienced a surge ...

3 months ago - PRNewsWire

Lumen's stock advances as telecom company posts an earnings surprise

Lumen Technologies Inc. on Tuesday reported a surprise adjusted profit for its latest quarter, while beating expectations on the top line.

3 months ago - Market Watch

Lumen Technologies reports fourth quarter and full year 2023 results

Fourth Quarter 2023 Highlights Announced an Amended and Restated Transaction Support Agreement on January 25, 2024 which, when completed, based on current participation levels1 will address maturities...

3 months ago - PRNewsWire

Lumen names Networking Pioneer as Chief Technology Officer

DENVER , Feb. 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has named Dave Ward as its new Chief Technology Officer. Ward will lead the development and integration of Lumen's global network ...

3 months ago - PRNewsWire

Businesses Ask for Private, On-demand Network Connections, Lumen Delivers

Lumen Network-as-a-Service Solution Now Includes Private Ethernet and IP-VPN DENVER , Jan. 31, 2024 /PRNewswire/ -- Private cloud connections, data protection, and enhanced security. Lumen customers a...

3 months ago - PRNewsWire

Lumen's new debt-restructuring deal helps send besieged stock soaring

Lumen Technologies Inc.'s stock price has eroded in recent years as the telecommunications company has faced deep challenges in its legacy businesses and issues with cash flow.

3 months ago - Market Watch

Lumen Technologies sets fourth quarter 2023 earnings call date

DENVER , Jan. 25, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), will release its fourth quarter 2023 results on Feb. 6, 2024. The company will broadcast a live conference call on its Investor ...

3 months ago - PRNewsWire

Lumen Bolsters Runway to Execute Transformation

New Agreement with Creditors to Provide Company with Significant Financial Flexibility DENVER , Jan. 25, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen" or the "Company") today ann...

3 months ago - PRNewsWire