Lumen Technologies, Inc. (LUMN)

NYSE: LUMN · Real-Time Price · USD
7.55
-0.19 (-2.45%)
At close: Nov 20, 2024, 4:00 PM
7.53
-0.02 (-0.26%)
After-hours: Nov 20, 2024, 6:24 PM EST
-2.45%
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]

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 $3.84, which is a decrease of -49.14% from the latest price.

Price Target
$3.84
(-49.14% downside)
Analyst Consensus: Hold
Stock Forecasts

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...

1 day 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...

7 days 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...

8 days 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...

13 days 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...

14 days 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...

15 days 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.

15 days 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.”

15 days 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 ...

15 days 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...

15 days 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...

15 days 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
21 days 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
21 days 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...

22 days 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...

4 weeks 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 ...

6 weeks 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...

7 weeks 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 ...

2 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.

2 months ago - Business Wire

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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 ...

2 months ago - Seeking Alpha

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...

2 months ago - PRNewsWire

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...

Other symbols: CIEN
3 months ago - Business Wire

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...

3 months ago - PRNewsWire