Lumen Technologies, Inc. (LUMN)

NYSE: LUMN · Real-Time Price · USD
5.92
-0.14 (-2.31%)
At close: Dec 20, 2024, 4:00 PM
6.00
+0.08 (1.35%)
After-hours: Dec 20, 2024, 7:56 PM EST
-2.31%
Market Cap 6.01B
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 15,137,508
Open 5.90
Previous Close 6.06
Day's Range 5.85 - 6.46
52-Week Range 0.97 - 10.33
Beta 1.22
Analysts Hold
Price Target 4.89 (-17.4%)
Earnings Date Feb 4, 2025

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, 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 Statements

Analyst Forecast

According to 8 analysts, the average rating for LUMN stock is "Hold." The 12-month stock price forecast is $4.89, which is a decrease of -17.40% from the latest price.

Price Target
$4.89
(-17.40% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Lumen Technologies launches sale of consumer fiber unit, sources say

Lumen Technologies has kicked off a process to sell its consumer fiber operations, as the telecommunications company looks to phase out its legacy mass markets business and reduce its sizable debt pil...

1 day ago - Reuters

Lumen Partners with Prometheus Hyperscale to Enhance Connectivity for Sustainable AI-Driven Data Centers

Lumen ® Private Connectivity Fabric℠ will expand Prometheus' network capacity across its growing data center footprint DENVER , Dec. 17, 2024 /PRNewswire/ -- Prometheus Hyperscale has chosen Lumen Tec...

3 days ago - PRNewsWire

Lumen Technologies: Building The AI Backbone

Lumen Technologies is executing a successful transformation, focusing on AI exposure and partnerships with tech giants. The Q3 earnings release catalyzed a mid-November rally, highlighting Lumen's $8 ...

11 days ago - Seeking Alpha

20 stocks likely to lag the S&P 500 over the next year — for this one reason

Difficult-to-short stocks often trade at artificially inflated, unsustainable prices.

17 days ago - Market Watch

Lumen Technologies, Inc. (LUMN) Bank of America Securities 2024 Leveraged Finance Conference (Transcript)

Lumen Technologies, Inc. (NYSE:LUMN) Bank of America Securities 2024 Leveraged Finance Conference Call December 3, 2024 10:10 AM ET Company Participants Chris Stansbury - Executive Vice President & C...

17 days ago - Seeking Alpha

Lumen Announces Expiration and Results of Any and All Cash Tender Offers for Unsecured 2028 Notes of Lumen and Level 3

DENVER , Nov. 26, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) (the "Company" or "Lumen") announced today the expiration and results of the cash tender offers (the "Amended Offers") of L...

24 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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.

6 weeks ago - CNBC Television

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.”

6 weeks ago - Market Watch

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 ...

6 weeks ago - Reuters

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

Other symbols: AMZN
7 weeks ago - Bloomberg Markets and Finance

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...

Other symbols: AMZN
7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

3 months ago - Seeking Alpha

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 ...

3 months ago - PRNewsWire

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.

3 months ago - Business Wire