Lumen Technologies, Inc. (LUMN)
Market Cap | 1.32B |
Revenue (ttm) | 14.56B |
Net Income (ttm) | -10.30B |
Shares Out | 1.01B |
EPS (ttm) | -10.48 |
PE Ratio | n/a |
Forward PE | 20.49 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 7,954,677 |
Open | 1.320 |
Previous Close | 1.320 |
Day's Range | 1.280 - 1.340 |
52-Week Range | 0.780 - 2.700 |
Beta | 1.12 |
Analysts | Hold |
Price Target | 1.93 (+47.33%) |
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]
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 StatementsAnalyst Forecast
According to 7 analysts, the average rating for LUMN stock is "Hold." The 12-month stock price forecast is $1.93, which is an increase of 47.33% from the latest price.
News
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...
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 ...
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/ --...
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...
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...
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...
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...
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...
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...
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...
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 ...
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.
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...
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 ...
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...
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.
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 ...
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...
Lumen Technologies pursues bank lenders support for debt deal - WSJ
Lumen Technologies is in talks with its bank lenders to gain support for a debt deal that would push out the company's maturities on billions of dollars in debt and raise fresh capital, the Wall Stree...
Lumen is first in the industry to achieve a Wi-Fi CERTIFIED 7™ device
Custom-developed device provides Quantum Fiber customers with next-gen Wi-Fi® experience DENVER , Jan. 8, 2024 /PRNewswire/ -- At the start of the Consumer Electronics Show (CES) 2024, the Wi-Fi Allia...
Lumen Names Ashley Haynes-Gaspar Chief Revenue Officer
Seasoned leader expands role to reinforce Lumen's customer focused transformation and growth DENVER , Jan. 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) names Ashley Haynes-Gaspar as Executi...
Lumen introduces a custom-built Wi-Fi 7 capable device for Quantum Fiber customers
New technology delivers higher speeds and better home coverage than Wi-Fi 6/6E Device will be highlighted at the 2024 Consumer Electronics Show DENVER, Dec. 29, 2023 /PRNewswire/ -- Lumen Technologie...
Lumen names industry AI expert as Chief Product Officer
Satish Lakshmanan brings extensive cloud and networking expertise to lead Lumen's transformation and growth in 2024 DENVER, Dec. 18, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has named Dr....
Lumen finds and disrupts malicious botnet targeting critical networks in U.S. and Asia
Lumen's Black Lotus Labs exposes Chinese cyber actor behind Volt Typhoon's attacks on telecoms, government, and green energy sectors DENVER , Dec. 13, 2023 /PRNewswire/ -- In a major win for national ...
Lumen shares its Environmental, Social and Governance (ESG) Report: Unleashing the world's digital potential
Digital trust, social responsibility, and environmental stewardship are inherent to Lumen's purpose DENVER , Dec. 6, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has released its latest Enviro...