Lumen Technologies, Inc. (LUMN)

NYSE: LUMN · IEX Real-Time Price · USD
1.48
+0.17 (12.98%)
At close: Dec 1, 2023, 4:00 PM
1.47
-0.01 (-0.68%)
Pre-market: Dec 4, 2023, 7:00 AM EST
12.98%
Market Cap 1.49B
Revenue (ttm) 14.84B
Net Income (ttm) -11.37B
Shares Out 1.01B
EPS (ttm) -11.48
PE Ratio n/a
Forward PE 7.96
Dividend n/a
Ex-Dividend Date n/a
Volume 25,780,874
Open 1.30
Previous Close 1.31
Day's Range 1.24 - 1.50
52-Week Range 0.78 - 6.09
Beta 1.04
Analysts Sell
Price Target 2.22 (+50.0%)
Earnings Date Oct 31, 2023

About LUMN

Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers compute and application services, such as edge cloud services, IT solutions, unified communication and collaboration solutions, colocation and data center services, content delivery services, and managed se... [Read more]

IPO Date Dec 15, 1972
Employees 30,000
Stock Exchange NYSE
Ticker Symbol LUMN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for LUMN stock is "Sell." The 12-month stock price forecast is $2.22, which is an increase of 50.00% from the latest price.

Price Target
$2.22
(50.00% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Why these stocks could lose money even if the market gains

According to a study published this summer in The Review of Financial Studies, these vulnerable stocks are the ones that are most difficult to borrow and then sell short.

3 days ago - Market Watch

Lumen Technologies to Present at Investor Conferences

DENVER , Nov. 21, 2023  /PRNewswire/ -- Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will present at the following investor conferences: Bo...

12 days ago - PRNewsWire

Lumen Technologies Extends its NOL Rights Plan

Lumen extends its NOL Rights Plan to Dec. 1, 2026 to protect valuable federal net operating loss carryforwards DENVER , Nov. 20, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced th...

13 days ago - PRNewsWire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Lumen Technologies, Inc. (LUMN)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming November 14, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of inves...

20 days ago - Business Wire

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Lumen Technologies, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lumen Technologies, Inc. ("Lu...

21 days ago - Accesswire

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Lumen Technologies Investors of a Lead Plaintiff Deadline of November 14, 2023

NEW YORK , Nov. 13, 2023 /PRNewswire/ -- Attention Lumen Technologies, Inc. f/k/a CenturyLink, Inc. ("Lumen Technologies") (NYSE: LUMN) shareholders: The Law Offices of Vincent Wong announce that a cl...

21 days ago - PRNewsWire

LUMN DEADLINE NOTICE: ROSEN, A LEADING NATIONAL FIRM, Encourages Lumen Technologies, Inc. Investors with Losses to Secure Counsel Before Important November 14 Deadline in Securities Class Action - LUMN

NEW YORK , Nov. 11, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lumen Technologies, Inc. (NYSE: LUMN) between March 11, 2019 and Ju...

22 days ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Lumen Technologies, Inc. f/k/a CenturyLink, Inc. of Class Action Lawsuit and Upcoming Deadline - LUMN

NEW YORK , Nov. 11, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Lumen Technologies, Inc. ("Lumen" or the "Company") f/k/a CenturyLink, Inc. ("Centur...

22 days ago - PRNewsWire

Insider Buys: Lumen, Air Products, Inari, Remitly and Sarepta

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.

Other symbols: APDRELYSRPTNARI
23 days ago - CNBC Television

LUMN Investors Have Opportunity to Lead Lumen Technologies, Inc. Securities Fraud Lawsuit

LOS ANGELES , Nov. 10, 2023 /PRNewswire/ --  Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit aga...

23 days ago - PRNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Lumen Technologies, Inc. f/k/a CenturyLink, Inc.(LUMN) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Lumen Technologies, Inc. f/k/a CenturyLink, Inc. ("Lumen Technologies" or the "Company") (NYSE: LUMN) of a class act...

25 days ago - PRNewsWire

Lumen wins $110 million contract from Defense Information Systems Agency

Company will provide mission-critical fiber and network services WASHINGTON , Nov. 7, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) recently won an approximately $110 million contract from the ...

26 days ago - PRNewsWire

Lumen CEO buys nearly $1 million in stock after historic selloff

Lumen Technologies Inc. shares sold off sharply in the wake of earnings, but the telecommunication company's chief executive has been buying.

4 weeks ago - Market Watch

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Lumen Technologies, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lumen Technologies, Inc. ("Lum...

4 weeks ago - Accesswire

ROSEN, A LEADING LAW FIRM, Encourages Lumen Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - LUMN

NEW YORK , Nov. 2, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lumen Technologies, Inc. (NYSE: LUMN) between March 11, 2019 and Ju...

4 weeks ago - PRNewsWire

Lumen's stock extends sharp declines toward lowest level in 42 years

Shares of Lumen Technologies Inc. LUMN, -12.63% were furthering their sharp declines Thursday despite an upbeat day for the S&P 500 SPX, +1.54%. Lumen's stock was off 13.8% to 84 cents in midday actio...

4 weeks ago - Market Watch

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Lumen Technologies, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lumen Technologies, Inc. ("Lum...

4 weeks ago - Accesswire

Lumen Completes Sale of EMEA Business to Colt Technology Services for $1.8B

DENVER , Nov. 1, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) closed the sale of its European, Middle Eastern, and African (EMEA) business to Colt Technology Services, headquartered in London,...

4 weeks ago - PRNewsWire

Lumen's stock erodes further, sinking toward worst day in its history

Lumen Technologies Inc. shares were flirting with their worst-ever daily performance Wednesday as news of an agreement with creditors failed to outweigh disappointing commentary on revenue-growth expe...

4 weeks ago - Market Watch

Lumen builds on its network cloudification vision to offer burstable on-demand internet

Network-as-a-Service platform expands to more locations to serve more businesses DENVER , Nov. 1, 2023 /PRNewswire/ -- Disrupting an industry requires a deep understanding of business needs and an inv...

4 weeks ago - PRNewsWire

Lumen Technologies tops third-quarter revenue estimates on strong demand

Telecommunications services firm Lumen Technologies beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its services as businesses digitize their operations.

4 weeks ago - Reuters

Lumen Technologies' stock rises on revenue beat

Lumen Technologies Inc.'s LUMN, -2.01% stock gained more than 2% in extended trading Tuesday after the telecommunications computing reported quarterly results. Lumen Technologies reported a fiscal thi...

4 weeks ago - Market Watch

Lumen Announces Broad Agreement With Creditors That Will Provide The Company with Significant Flexibility to Execute Its Transformation Strategy

DENVER , Oct. 31, 2023 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen" or the "Company") today announced that it has entered into a transaction support agreement with a group of credito...

4 weeks ago - PRNewsWire

Lumen Technologies reports third quarter 2023 results

Third Quarter 2023 Highlights Increased Enterprise Channel revenue of $2.124 billion for the third quarter 2023, compared to $2.100 billion for the second quarter 2023. These results showed a signific...

4 weeks ago - PRNewsWire

Lumen Technologies, Inc. (LUMN) Investors: Contact Bronstein, Gewirtz & Grossman, LLC to Actively Participate in the Class Action Lawsuit

NEW YORK--(BUSINESS WIRE)---- $LUMN #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been fi...

4 weeks ago - Business Wire