Lumen Technologies, Inc. (LUMN)
Market Cap | 7.66B |
Revenue (ttm) | 13.30B |
Net Income (ttm) | -2.14B |
Shares Out | 1.01B |
EPS (ttm) | -2.17 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 9,656,704 |
Open | 7.75 |
Previous Close | 7.74 |
Day's Range | 7.39 - 7.79 |
52-Week Range | 0.97 - 10.33 |
Beta | 1.20 |
Analysts | Hold |
Price Target | 3.84 (-49.14%) |
Earnings Date | Nov 5, 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]
Financial Performance
In 2023, Lumen Technologies'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 StatementsAnalyst Forecast
According to 8 analysts, the average rating for LUMN stock is "Hold." The 12-month stock price forecast is $3.84, which is a decrease of -49.14% from the latest price.
News
Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increase the Tender Consideration and Extend the Expiration Time
Results are set forth below for (i) Lumen's tender offers for its unsecured senior notes maturing in 2025, 2026 and 2027 and (ii) Level 3's tender offers for its unsecured senior notes maturing in 202...
Lumen Technologies to Present at BofA 2024 Leveraged Finance Conference
DENVER , Nov. 13, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chri...
Lumen Announces Any and All Cash Tender Offers for Unsecured Notes of Lumen and Level 3
DENVER , Nov. 12, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) (the "Company" or "Lumen") and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. ("Level 3") have commenced cas...
North America Implantable Ports Market Outlook to 2033, with Focus on Single Lumen Implantable Ports and Double Lumen Implantable Ports
Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The "North America Implantable Ports Market Outlook to 2033 - Single Lumen Implantable Ports and Double Lumen Implantable Ports" report has been added to Rese...
Why Lumen Technologies Gained 18% After Q3 2024 Report
Lumen Technologies' Q3 results showed a revenue decline but a significant increase in free cash flow, driven by strong private connectivity fabric (PCF) sales. The stock rallied 18% post-earnings, wit...
Lumen Technologies, Inc. (LUMN) Q3 2024 Earnings Call Transcript
Lumen Technologies, Inc. (NYSE:LUMN) Q3 2024 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Jim Breen - Senior Vice President, Investor Relations Kate Johnson - President a...
Lumen CEO on tech partnerships, Google Cloud deal and future of AI
Kate Johnson, Lumen CEO, joins 'Closing Bell: Overtime' to discuss the company's tech partnerships, Google Cloud deal and AI.
Lumen reveals latest numbers around AI deals, and its stock jumps further
Lumen's CFO says an additional $3.5 billion in AI business “really allows us to go after the capital structure and actually reduce debt.”
Lumen raises annual cash flow forecast on AI deals, legacy business weighs on results
Fibre-optic cable provider Lumen Technologies raised its annual free cash flow forecast on Tuesday thanks to AI deals with large cloud companies, even as weakness in its legacy business was a drag on ...
Lumen Technologies reports third quarter 2024 results
DENVER , Nov. 5, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the third quarter ended September 30, 2024. Big Tech is Choosing Lumen to Build the Backbone for the AI...
Lumen Technologies Partners with Google Cloud to Drive AI Innovation and Accelerate Digital Transformation
Google Cloud underpins Lumen® Digital Twin technology, providing proactive insights across the Lumen network Google Cloud's Vertex AI platform enables new AI-powered applications to assist Lumen techn...
Lumen CEO on Linking Amazon Data Centers, AI Economy
Lumen Technologies CEO Kate Johnson discusses the company's agreement to provide connectivity between some of Amazon's cloud-computing data centers. Speaking on "Bloomberg Open Interest," Johnson also...
Lumen and AWS Partner to Unlock the Power of Generative AI Through Enhanced Network Operations and Delivery
Lumen's next-generation fiber network will support AWS infrastructure across the U.S. amid expansion of AI-driven services AWS generative AI technologies will transform and streamline Lumen's operat...
Former Microsoft CMO Joins Lumen's Board of Directors
DENVER , Oct. 29, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced the appointment of Chris Capossela to its board of directors, effective immediately. Capossela is a recognized a...
Lumen and Meta Partner to Drive AI Network Expansion
Lumen's Private Connectivity Fabric℠ enables long-term network capacity for Meta's AI DENVER , Oct. 21, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and Meta are partnering to significantly i...
Lumen Technologies sets third quarter 2024 earnings call date
DENVER , Oct. 7, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its third quarter 2024 ...
Lumen Technologies: Turnaround Efforts Bear Fruit
My initial Buy recommendation for Lumen Technologies, Inc. has been my most successful to date, with the stock soaring nearly 400% since January. The reasons for this optimism are rooted in management...
Lumen Announces Early Tender Results of Exchange Offers for Unsecured Notes of Lumen and Level 3
DENVER , Sept. 17, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced the early results of its offers to exchange newly-issued secured notes for certain of its outstanding ...
SmartBear Recognizes Product Owner at Lumen Technologies with Inaugural Women in Tech Award
SOMERVILLE, Mass.--(BUSINESS WIRE)-- #AI--Jamie McNulty honored for her passion, dedication, and exceptional contributions in tech to her team and organization.
Lumen Technologies, Inc. (LUMN) Goldman Sachs Communacopia and Technology Conference (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN) Goldman Sachs Communacopia and Technology Conference Call September 9, 2024 7:25 PM ET Company Participants Chris Stansbury - Executive Vice President & Chief Fin...
Lumen Technologies, Inc. (LUMN) Bank of America's 2024 Media, Communications and Entertainment Conference (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 8:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conferen...
Lumen Technologies, Inc. (LUMN) Citi's 2024 Global TMT Conference (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN) Citi's 2024 Global TMT Conference September 4, 2024 12:30 PM ET Company Participants Chris Stansbury - EVP, CFO Conference Call Participants Brian Badillo - Citi ...
Lumen Announces Exchange Offers for Unsecured Notes of Lumen and Level 3
DENVER , Sept. 3, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced that it has commenced offers to exchange newly-issued superpriority senior secured notes for certain of...
Lumen Selects Blue Planet to Underpin its Network Inventory Transformation Program
DENVER & HANOVER, Md.--(BUSINESS WIRE)--Lumen Technologies (NYSE:LUMN) has selected intelligent automation software from Blue Planet, a division of Ciena (NYSE:CIEN), to help drive its strategic netwo...
Lumen Technologies to Present at the Goldman Sachs Communacopia + Technology Conference
DENVER , Aug. 19, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chri...