Communication Services -
Telecommunications Services - NYSE - US
$ 5.66
2.35 %
$ 5.74 B
Market Cap
-2.61
P/E
1. INTRINSIC VALUE
Balance Sheet
Lumen Technologies, Inc.
| Current Assets | 4.78 B |
| Cash & Short-Term Investments | 2.23 B |
| Receivables | 1.61 B |
| Other Current Assets | 931 M |
| Non-Current Assets | 29.2 B |
| Long-Term Investments | 0 |
| PP&E | 19.8 B |
| Other Non-Current Assets | 9.48 B |
| Current Liabilities | 3.53 B |
| Accounts Payable | 1.13 B |
| Short-Term Debt | 425 M |
| Other Current Liabilities | 1.98 B |
| Non-Current Liabilities | 30.1 B |
| Long-Term Debt | 20.9 B |
| Other Non-Current Liabilities | 9.2 B |
EFFICIENCY
Earnings Waterfall
Lumen Technologies, Inc.
| Revenue | 14.6 B |
| Cost Of Revenue | 7.14 B |
| Gross Profit | 7.41 B |
| Operating Expenses | 16.5 B |
| Operating Income | -9.58 B |
| Other Expenses | 714 M |
| Net Income | -10.3 B |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Lumen Technologies, Inc.
| Net Income | -10.3 B |
| Depreciation & Amortization | 2.98 B |
| Capital Expenditures | -3.1 B |
| Stock-Based Compensation | 52 M |
| Change in Working Capital | -980 M |
| Others | 9.41 B |
| Free Cash Flow | -940 M |
Wall Street Analysts Price Targets
Lumen Technologies, Inc.
Wall Street analysts predict an average 1-year price target for LUMN of $3.83 , with forecasts ranging from
a
low of
$1 to a high of $7 .
LUMN Lowest Price Target
Wall Street Target
1 USD
-82.33%
LUMN Average Price Target
Wall Street Target
3.83 USD
-32.33%
LUMN Highest Price Target
Wall Street Target
7 USD
23.67%
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.25 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Lumen Technologies, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
47 K USD 1
3-6 MONTHS
960 K USD 1
6-9 MONTHS
223 K USD 3
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
4 months ago
Sep 03, 2024
|
Bought
47 K USD
|
Fowler James
Director
|
+ 10000
|
4.699 USD |
|
8 months ago
May 02, 2024
|
Bought
960 K USD
|
Johnson Kathleen E
President & CEO
|
+ 750000
|
1.2798 USD |
|
10 months ago
Mar 01, 2024
|
Bought
48 K USD
|
SIEGEL LAURIE
Director
|
+ 30000
|
1.5999 USD |
|
10 months ago
Feb 26, 2024
|
Bought
73.3 K USD
|
GLENN T MICHAEL
Director
|
+ 50000
|
1.466 USD |
|
11 months ago
Feb 13, 2024
|
Bought
52.4 K USD
|
Fowler James
Director
|
+ 31000
|
1.69 USD |
|
11 months ago
Feb 13, 2024
|
Bought
4.04 K USD
|
Fowler James
Director
|
+ 2500
|
1.615 USD |
|
11 months ago
Feb 09, 2024
|
Bought
45 K USD
|
Fowler James
Director
|
+ 30000
|
1.5 USD |
|
1 year ago
Nov 07, 2023
|
Bought
97.9 K USD
|
Fowler James
Director
|
+ 70000
|
1.3988 USD |
|
1 year ago
Nov 03, 2023
|
Bought
549 K USD
|
Stansbury Christopher
EVP and CFO
|
+ 500000
|
1.0989 USD |
|
1 year ago
Nov 02, 2023
|
Bought
970 K USD
|
Johnson Kathleen E
President & CEO
|
+ 1000000
|
0.97 USD |
|
2 years ago
Nov 29, 2022
|
Bought
26.7 K USD
|
CLONTZ STEVEN T
Director
|
+ 5000
|
5.34 USD |
|
2 years ago
Nov 11, 2022
|
Bought
31.5 K USD
|
CLONTZ STEVEN T
Director
|
+ 5000
|
6.31 USD |
|
2 years ago
Nov 08, 2022
|
Bought
79.5 K USD
|
Bejar Martha Helena
Director
|
+ 12500
|
6.36 USD |
|
2 years ago
Nov 04, 2022
|
Bought
67.8 K USD
|
CLONTZ STEVEN T
Director
|
+ 11500
|
5.9 USD |
|
2 years ago
Nov 04, 2022
|
Bought
118 K USD
|
GLENN T MICHAEL
Director
|
+ 20000
|
5.92 USD |
|
2 years ago
Nov 04, 2022
|
Bought
68.2 K USD
|
Jones Hal
Director
|
+ 11500
|
5.93 USD |
|
3 years ago
Nov 05, 2021
|
Sell 1.82 M
USD
|
GOFF STACEY W
EVP & GC
|
- 128616
|
14.16 USD |
|
3 years ago
Aug 23, 2021
|
Bought
29.9 K USD
|
CLONTZ STEVEN T
Director
|
+ 2500
|
11.975 USD |
|
3 years ago
Aug 23, 2021
|
Bought
29.9 K USD
|
CLONTZ STEVEN T
Director
|
+ 2500
|
11.977 USD |
|
3 years ago
Mar 09, 2021
|
Sell 92.4 K
USD
|
BOULET VIRGINIA
Director
|
- 6500
|
14.22 USD |
|
4 years ago
Dec 17, 2020
|
Sell 102 K
USD
|
Bejar Martha Helena
Director
|
- 10000
|
10.21 USD |
|
4 years ago
Jun 18, 2020
|
Bought
2.69 K USD
|
Jones Hal
Director
|
+ 265
|
10.1413 USD |
|
4 years ago
Jun 18, 2020
|
Sell 2.69 K
USD
|
Jones Hal
Director
|
- 265
|
10.1413 USD |
|
4 years ago
Mar 12, 2020
|
Bought
241 K USD
|
GLENN T MICHAEL
Director
|
+ 25000
|
9.6373 USD |
|
4 years ago
Mar 13, 2020
|
Bought
93.8 K USD
|
CLONTZ STEVEN T
Director
|
+ 9600
|
9.7699 USD |
|
4 years ago
Mar 13, 2020
|
Bought
3.91 K USD
|
CLONTZ STEVEN T
Director
|
+ 400
|
9.765 USD |
|
4 years ago
Mar 12, 2020
|
Bought
92.5 K USD
|
HANKS WILLIAM BRUCE
Director
|
+ 10000
|
9.2499 USD |
|
4 years ago
Mar 12, 2020
|
Bought
270 K USD
|
Dev Indraneel
EVP and CFO
|
+ 30000
|
9 USD |
|
5 years ago
Dec 10, 2019
|
Sell 43 K
USD
|
SIEGEL LAURIE
Director
|
- 3072
|
14.003 USD |
|
5 years ago
May 30, 2019
|
Bought
106 K USD
|
HANKS WILLIAM BRUCE
Director
|
+ 10000
|
10.63 USD |
|
5 years ago
May 23, 2019
|
Bought
197 K USD
|
GLENN T MICHAEL
Director
|
+ 20000
|
9.83 USD |
|
5 years ago
May 23, 2019
|
Bought
491 K USD
|
STOREY JEFFREY K
President & CEO
|
+ 50000
|
9.8296 USD |
|
5 years ago
May 23, 2019
|
Bought
30.5 K USD
|
Dev Indraneel
EVP and CFO
|
+ 3100
|
9.85 USD |
|
5 years ago
May 23, 2019
|
Bought
117 K USD
|
Dev Indraneel
EVP and CFO
|
+ 11900
|
9.8 USD |
|
5 years ago
May 15, 2019
|
Bought
109 K USD
|
PERRY HARVEY P
Director
|
+ 10000
|
10.9192 USD |
|
5 years ago
May 10, 2019
|
Bought
75.2 K USD
|
CLONTZ STEVEN T
Director
|
+ 7000
|
10.75 USD |
|
5 years ago
May 10, 2019
|
Bought
54 K USD
|
CLONTZ STEVEN T
Director
|
+ 5000
|
10.8 USD |
|
5 years ago
May 10, 2019
|
Bought
275 K USD
|
CLONTZ STEVEN T
Director
|
+ 25000
|
11 USD |
|
5 years ago
Mar 12, 2019
|
Bought
24.6 K USD
|
Chilton Kevin P.
Director
|
+ 2000
|
12.304 USD |
|
5 years ago
Mar 06, 2019
|
Bought
95.6 K USD
|
CLONTZ STEVEN T
Director
|
+ 8000
|
11.95 USD |
|
5 years ago
Mar 06, 2019
|
Bought
588 K USD
|
Dev Indraneel
EVP and CFO
|
+ 50000
|
11.75 USD |
|
5 years ago
Mar 06, 2019
|
Bought
991 K USD
|
STOREY JEFFREY K
President & CEO
|
+ 83000
|
11.9429 USD |
|
6 years ago
Jan 16, 2019
|
Sell 254 M
USD
|
Temasek Holdings (Private) Ltd
Director
|
- 16000000
|
15.9 USD |
|
6 years ago
Dec 11, 2018
|
Bought
141 K USD
|
CLONTZ STEVEN T
Director
|
+ 8207
|
17.2 USD |
|
6 years ago
Dec 04, 2018
|
Sell 1 M
USD
|
Trezise Scott
EVP, Human Resources
|
- 53164
|
18.8809 USD |
|
6 years ago
Aug 21, 2018
|
Sell 3.6 M
USD
|
POST GLEN F III
Director
|
- 150000
|
24.0005 USD |
|
6 years ago
Aug 13, 2018
|
Sell 3.3 M
USD
|
POST GLEN F III
Director
|
- 150000
|
22 USD |
|
6 years ago
May 11, 2018
|
Bought
602 K USD
|
CLONTZ STEVEN T
Director
|
+ 31000
|
19.406 USD |
|
6 years ago
May 11, 2018
|
Bought
195 K USD
|
CLONTZ STEVEN T
Director
|
+ 10000
|
19.535 USD |
|
6 years ago
Apr 05, 2018
|
Bought
87.7 M USD
|
Temasek Holdings (Private) Ltd
10 percent owner
|
+ 5036884
|
17.4116 USD |
|
6 years ago
Apr 04, 2018
|
Bought
73 M USD
|
Temasek Holdings (Private) Ltd
10 percent owner
|
+ 4308851
|
16.9366 USD |
|
6 years ago
Apr 03, 2018
|
Bought
54.4 M USD
|
Temasek Holdings (Private) Ltd
10 percent owner
|
+ 3311267
|
16.4276 USD |
|
7 years ago
Dec 11, 2017
|
Bought
77.4 K USD
|
CLONTZ STEVEN T
Director
|
+ 5000
|
15.4892 USD |
|
7 years ago
Dec 11, 2017
|
Bought
472 K USD
|
CLONTZ STEVEN T
Director
|
+ 30000
|
15.7352 USD |
|
7 years ago
Dec 11, 2017
|
Bought
7.79 K USD
|
CLONTZ STEVEN T
Director
|
+ 500
|
15.5799 USD |
|
7 years ago
Dec 08, 2017
|
Bought
14.5 K USD
|
Chilton Kevin P.
Director
|
+ 1000
|
14.4666 USD |
|
7 years ago
Dec 11, 2017
|
Bought
4.98 K USD
|
BOULET VIRGINIA
Director
|
+ 320
|
15.5556 USD |
|
7 years ago
Dec 11, 2017
|
Bought
73.9 K USD
|
BOULET VIRGINIA
Director
|
+ 4775
|
15.4746 USD |
|
7 years ago
Dec 08, 2017
|
Bought
102 K USD
|
ROBERTS MICHAEL JAMES
Director
|
+ 7000
|
14.577 USD |
|
7 years ago
Dec 08, 2017
|
Bought
107 K USD
|
PERRY HARVEY P
Director
|
+ 7500
|
14.324 USD |
|
7 years ago
Dec 08, 2017
|
Bought
144 K USD
|
HANKS WILLIAM BRUCE
Director
|
+ 10000
|
14.41 USD |
|
7 years ago
Dec 08, 2017
|
Bought
356 K USD
|
GLENN T MICHAEL
Director
|
+ 25000
|
14.2512 USD |
|
7 years ago
Dec 08, 2017
|
Bought
115 K USD
|
CLONTZ STEVEN T
Director
|
+ 8000
|
14.4199 USD |
|
7 years ago
Dec 08, 2017
|
Bought
241 K USD
|
CLONTZ STEVEN T
Director
|
+ 17000
|
14.17 USD |
|
7 years ago
Dec 08, 2017
|
Bought
99.9 K USD
|
Bejar Martha Helena
Director
|
+ 7000
|
14.2775 USD |
|
7 years ago
Dec 08, 2017
|
Bought
1.02 M USD
|
STOREY JEFFREY K
President & COO
|
+ 71000
|
14.2976 USD |
|
7 years ago
Dec 08, 2017
|
Bought
708 K USD
|
POST GLEN F III
Chief Executive Officer
|
+ 50000
|
14.17 USD |
|
8 years ago
Nov 10, 2016
|
Bought
350 K USD
|
Hussain Aamir
EVP, Chief Technology Officer
|
+ 14580
|
24 USD |
|
8 years ago
Nov 07, 2016
|
Bought
1 M USD
|
OWENS WILLIAM ARTHUR
Director
|
+ 42800
|
23.3536 USD |
|
8 years ago
Nov 07, 2016
|
Bought
193 K USD
|
Bejar Martha Helena
Director
|
+ 8250
|
23.4141 USD |
|
8 years ago
Oct 27, 2016
|
Sell 160 K
USD
|
PERRY HARVEY P
Director
|
- 5000
|
32 USD |
|
8 years ago
Oct 27, 2016
|
Sell 165 K
USD
|
PERRY HARVEY P
Director
|
- 5000
|
33 USD |
|
8 years ago
Oct 27, 2016
|
Sell 990 K
USD
|
COLE DAVID D
EVP, Controller & Ops Support
|
- 30000
|
33 USD |
|
8 years ago
Jul 13, 2016
|
Sell 620 K
USD
|
PERRY HARVEY P
Director
|
- 20000
|
31 USD |
|
8 years ago
Feb 29, 2016
|
Sell 390 K
USD
|
BROWN PETER C
Director
|
- 12724
|
30.65 USD |
|
8 years ago
Feb 18, 2016
|
Sell 116 K
USD
|
Moreau Maxine L
EVP, Global Ops & Shared Svcs
|
- 3841
|
30.23 USD |
|
9 years ago
Jan 15, 2016
|
Sell 16.3 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
23.28 USD |
|
9 years ago
Dec 15, 2015
|
Sell 17.2 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
24.51 USD |
|
9 years ago
Dec 09, 2015
|
Sell 16.2 K
USD
|
SIEGEL LAURIE
Director
|
- 603
|
26.94 USD |
|
9 years ago
Dec 09, 2015
|
Sell 118 K
USD
|
SIEGEL LAURIE
Director
|
- 4380
|
26.95 USD |
|
9 years ago
Dec 08, 2015
|
Sell 5.38 K
USD
|
MELVILLE C G JR
Director
|
- 200
|
26.91 USD |
|
9 years ago
Nov 16, 2015
|
Sell 19.4 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
27.75 USD |
|
9 years ago
Oct 15, 2015
|
Sell 18.4 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
26.33 USD |
|
9 years ago
Sep 15, 2015
|
Sell 18.2 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
26.06 USD |
|
9 years ago
Sep 09, 2015
|
Sell 5.45 K
USD
|
MELVILLE C G JR
Director
|
- 200
|
27.24 USD |
|
9 years ago
Aug 21, 2015
|
Bought
54.7 K USD
|
PERRY HARVEY P
Director
|
+ 2000
|
27.354 USD |
|
9 years ago
Aug 07, 2015
|
Sell 19.4 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
27.7 USD |
|
9 years ago
Mar 20, 2015
|
Sell 17.4 K
USD
|
MELVILLE C G JR
Director
|
- 500
|
34.85 USD |
|
9 years ago
Feb 20, 2015
|
Sell 18.7 K
USD
|
MELVILLE C G JR
Director
|
- 500
|
37.35 USD |
|
10 years ago
Jan 20, 2015
|
Sell 19.4 K
USD
|
MELVILLE C G JR
Director
|
- 500
|
38.7 USD |
|
10 years ago
Dec 02, 2014
|
Sell 309 K
USD
|
COLE DAVID D
EVP, Controller & Ops Support
|
- 7525
|
41.0549 USD |
|
10 years ago
Nov 25, 2014
|
Sell 38.1 K
USD
|
NICHOLS FRED R
Director
|
- 959
|
39.691 USD |
|
10 years ago
Nov 17, 2014
|
Sell 7.16 K
USD
|
Varma Girish
President, Global IT Services
|
- 176.0045
|
40.703 USD |
|
10 years ago
Nov 18, 2014
|
Sell 83.7 K
USD
|
Varma Girish
President, Global IT Services
|
- 2058
|
40.6556 USD |
|
10 years ago
Nov 12, 2014
|
Sell 806 K
USD
|
PUCKETT KAREN A
President, Global Markets
|
- 20000
|
40.29 USD |
|
10 years ago
Nov 13, 2014
|
Sell 822 K
USD
|
PUCKETT KAREN A
President, Global Markets
|
- 20000
|
41.09 USD |
|
10 years ago
Nov 12, 2014
|
Sell 1.16 M
USD
|
GOFF STACEY W
EVP, CAO & GC
|
- 29030
|
40.039 USD |
|
10 years ago
Nov 12, 2014
|
Sell 1.62 M
USD
|
EWING R STEWART JR
EVP & CFO
|
- 40000
|
40.3835 USD |
|
10 years ago
Nov 13, 2014
|
Sell 205 K
USD
|
EWING R STEWART JR
EVP & CFO
|
- 5000
|
41.0533 USD |
|
10 years ago
Nov 07, 2014
|
Sell 108 K
USD
|
Moreau Maxine L
EVP, Global Ops & Shared Svcs
|
- 2800
|
38.642 USD |
|
10 years ago
Nov 07, 2014
|
Sell 15.5 K
USD
|
MELVILLE C G JR
Director
|
- 400
|
38.64 USD |
|
10 years ago
May 27, 2014
|
Sell 112 K
USD
|
NICHOLS FRED R
Director
|
- 3000
|
37.3 USD |
|
10 years ago
May 21, 2014
|
Sell 279 K
USD
|
Cheek William E
President - Wholesale Op.
|
- 7434
|
37.5225 USD |
|
10 years ago
May 09, 2014
|
Sell 183 K
USD
|
Moreau Maxine L
EVP - Network Services
|
- 5000
|
36.6102 USD |
|
10 years ago
May 12, 2014
|
Sell 735 K
USD
|
EWING R STEWART JR
Ex. VP & CFO
|
- 20000
|
36.7473 USD |
|
10 years ago
May 12, 2014
|
Sell 22.1 K
USD
|
EWING R STEWART JR
Ex. VP & CFO
|
- 600
|
36.7901 USD |
|
10 years ago
May 09, 2014
|
Sell 1.1 M
USD
|
PUCKETT KAREN A
Ex. VP & COO
|
- 30000
|
36.56 USD |
|
10 years ago
May 01, 2014
|
Sell 175 K
USD
|
VONDEYLEN JEFFREY H
President-Data Hosting Ops
|
- 5000
|
35 USD |
|
10 years ago
Mar 07, 2014
|
Sell 344 K
USD
|
Cheek William E
President - Wholesale Op.
|
- 11000
|
31.2435 USD |
|
10 years ago
Mar 07, 2014
|
Sell 56.2 K
USD
|
MELVILLE C G JR
Director
|
- 1800
|
31.21 USD |
|
10 years ago
Mar 06, 2014
|
Sell 100 K
USD
|
BOULET VIRGINIA
Director
|
- 3200
|
31.3014 USD |
|
10 years ago
Mar 04, 2014
|
Sell 157 K
USD
|
Moreau Maxine L
EVP - Network Services
|
- 5000
|
31.4049 USD |
|
11 years ago
Dec 05, 2013
|
Sell 15.4 K
USD
|
MELVILLE C G JR
Director
|
- 500
|
30.79 USD |
|
11 years ago
Nov 26, 2013
|
Sell 21.5 K
USD
|
MELVILLE C G JR
Director
|
- 700
|
30.69 USD |
|
11 years ago
Sep 05, 2013
|
Sell 250 K
USD
|
McCray Gregory James
Director
|
- 7755
|
32.1852 USD |
|
11 years ago
Sep 04, 2013
|
Sell 19.4 K
USD
|
MELVILLE C G JR
Director
|
- 599
|
32.32 USD |
|
11 years ago
Aug 20, 2013
|
Sell 370 K
USD
|
ZIMMEL JOSEPH
Director
|
- 11344
|
32.6183 USD |
|
11 years ago
Aug 15, 2013
|
Sell 103 K
USD
|
NICHOLS FRED R
Director
|
- 3070
|
33.452 USD |
|
11 years ago
Aug 09, 2013
|
Sell 13.6 K
USD
|
MELVILLE C G JR
Director
|
- 400
|
33.88 USD |
|
11 years ago
Jun 04, 2013
|
Sell 34.3 K
USD
|
MELVILLE C G JR
Director
|
- 983
|
34.845 USD |
|
11 years ago
May 28, 2013
|
Sell 111 K
USD
|
BOULET VIRGINIA
Director
|
- 3007
|
37.07 USD |
|
11 years ago
Feb 28, 2013
|
Sell 6.98 K
USD
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MELVILLE C G JR
Director
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- 200
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34.905 USD |
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11 years ago
Feb 19, 2013
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Bought
14.1 K USD
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Moreau Maxine L
SVP - Network Services
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+ 406
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34.62 USD |
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11 years ago
Feb 19, 2013
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Bought
37.9 K USD
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Moreau Maxine L
SVP - Network Services
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+ 1094
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34.61 USD |
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12 years ago
Dec 07, 2012
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Sell 67.4 K
USD
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GEPHARDT Richard A
Director
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- 1780
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37.843 USD |
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12 years ago
Dec 03, 2012
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Sell 19.5 K
USD
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MELVILLE C G JR
Director
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- 500
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38.93 USD |
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12 years ago
Nov 28, 2012
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Sell 191 K
USD
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OWENS WILLIAM ARTHUR
Director
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- 5000
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38.243 USD |
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12 years ago
Nov 12, 2012
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Sell 427 K
USD
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ZIMMEL JOSEPH
Director
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- 10938
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39.0548 USD |
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12 years ago
Nov 12, 2012
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Sell 50.7 K
USD
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NICHOLS FRED R
Director
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- 1300
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39.013 USD |
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12 years ago
Nov 09, 2012
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Sell 54.7 K
USD
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MELVILLE C G JR
Director
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- 1400
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39.06 USD |
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12 years ago
Aug 14, 2012
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Sell 25.6 K
USD
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Moreau Maxine L
SVP - Network Services
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- 600
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42.67 USD |
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12 years ago
Aug 14, 2012
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Sell 70.3 K
USD
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Moreau Maxine L
SVP - Network Services
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- 1646
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42.73 USD |
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12 years ago
Aug 15, 2012
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Sell 128 K
USD
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MELVILLE C G JR
Director
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- 3000.919
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42.63 USD |
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12 years ago
Aug 10, 2012
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Sell 25.4 K
USD
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MELVILLE C G JR
Director
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- 600
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42.4 USD |
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12 years ago
Aug 09, 2012
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Sell 433 K
USD
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GOFF STACEY W
Ex. VP & Gen. Counsel
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- 10000
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43.2716 USD |
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12 years ago
Aug 09, 2012
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Sell 2.15 M
USD
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PUCKETT KAREN A
Ex. VP & COO
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- 50000
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43.0731 USD |
7. News
Lumen Reportedly Looking to Offload its Consumer Fiber Business
Citing sources familiar with the matter, Reuters adds that LUMN has sought assistance from Goldman Sachs as the company looks to sell its consumer fiber unit.
zacks.com
- 4 weeks ago
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 pile, according to people familiar with the matter.
reuters.com
- 1 month ago
Lumen & Prometheus Hyperscale Partner for Sustainable AI Data Centers
LUMN and Prometheus Hyperscale collaborate to power sustainable AI data centers, advancing connectivity, scalability and renewable energy solutions.
zacks.com
- 1 month ago
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 Technologies (NYSE: LUMN) to connect its energy-efficient data centers to meet growing AI data demands. Lumen network services will help Prometheus with the rapid growth in AI, big data, and cloud computing as they address the critical environmental challenges faced by the AI industry.
prnewswire.com
- 1 month ago
3 Top Bargain Stocks Ready for a Bull Run
With the S&P 500 and Nasdaq Composite hovering near their all-time highs, many investors might be reluctant to add new stocks to their portfolios. After all, Warren Buffett famously told investors to "be fearful when others are greedy and greedy when others are fearful," and a lot of greed is driving many stocks to historically high valuations.
fool.com
- 1 month ago
Lumen Surges 241% YTD: Will the Stock Sustain Momentum in 2025?
Increasing opportunities driven by AI proliferation are emerging as a tailwind for LUMN. Debt-laden balance sheet and competition in the AI space are overhangs.
zacks.com
- 1 month ago
Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030
After struggling for years, shares of Lumen Technologies (NYSE: LUMN) skyrocketed in 2024, more than doubling through the first three quarters of the year. But as the company continues operating with a negative price-to-earnings (Pbu/E) ratio, there are lingering concerns about the tech company’s future prospects. Lumen Technologies has been around a long time, so it was a surprise to some that stock was recently at risk of being delisted from the New York Stock Exchange when in 2023, its price per share briefly dipped under $1.00 on Nov. 1, 2023. Those struggles continued into 2024, but by mid-summer, the stock surged when demand for its high-speed fiber-network solutions began to grow. The company recently secured deals with Microsoft Corporation (NASDAQ: MSFT) and other leading tech companies, like Corning Inc. (NYSE: GLW), that are requiring increased connectivity between their data centers because of the explosive growth of artificial intelligence (AI). But after posting positive earnings to end FY 2022 and and repeat that success in the first two quarters of 2023 — including a sizable beat on earnings per share (EPS) of 43 cents to analysts’ expectations of 23 cents in Q4 of 2022 — Lumen has gone on to post negative EPS in four of the following five quarters as the company’s revenues have fallen steadily over the same period. So 24/7 Wall Street performed analysis to determine if the company is fundamentally flawed, or if AI demand and strategic partnerships will be enough to see its stock continue on its bull run. Key Points in This Article: Lumen Technologies’ net income losses were enormous last year, but on a trailing 12-month basis, there is a different story emerging that could suggest a turnaround of the company’s income statement. The company’s P/E ratio has been in negative territory six out of the past seven years, but the shift towards auxiliary AI services may right the ship. If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. This report breaks down AI stocks with 10x potential and will give you a huge leg up in profiting from this massive sea change. Recent Lumen Stock Updates and News 12/9/2024 Lumen Technologies is focusing heavily on AI and forging partnerships with major tech giants. The company’s recent Q3 earnings report sparked a significant rally, and its strong connectivity infrastructure positions it to capitalize on the increasing demand for AI-powered solutions. 12/5/2024 Lumen Technologies and Quantum Fiber have introduced a new internet plant called Simply Fiber. This new, low-cost plan offers speeds of up to 200 Mbps for just $30 per month, including free installation and 360 Wi-Fi for broader home coverage. 12/3/2024 Lumen received a positive outlook from Citigroup, which raised its target price from $6.50 to $8.00. Citigroup maintained a “Neutral” rating on the stock. 11/26/2024 Lumen and its subsidiary, Level Financing, have successfully completed their cash tender offers for unsecured 2028 Notes. The settlement for these tender offers is expected to be finalized by November 26, 2024. 11/22/2024 Lumen’s current P/S ratio of 0.6x is lower than the average P/S ratio for U.S. telecompanies, which is around 1.3x. 11/20/2024 Lumen’s stock continues to decline today, falling 3.10% during the afternoon trade. If it continues to fall, the stock may reach seven straight sessions of losses. 11/19/2024 Lumen’s stock declined 8.2% today, reaching a low of $7.42 during the trading session. Trading volume was also much lower than average, with only 3,415,937 shares changing hands, an 83% decrease from the average session volume. 11/18/2024 Analysts have given Lumen a consensus rating of “Reduce” based on an assessment from eight research firms. Three analysts recommend a “Sell” and five suggest a “Hold”. The average 12-month price target for the stock is $4.02. Lumen Technologies’ Recent Stock Success From July 1, 2024, to Sept. 30, 2024, shares of LUMN went on a tear. The stock, which was trading at just $1.11 at the start of the third quarter of 2024, surged 540% by the end of Q3. That was quite the reversal given how the stock has slid 86.49% since hitting its all-time high of $49.45 on June 1, 2007. But market drivers are far different today than they were then, and with the emphasis on AI development, Lumen Technologies’ stock is on a bounce back after falling -37.79% over the past five years: Year Share Price Revenue* Net Income* 2014 $39.70 $18.031 $0.851 2015 $25.87 $17.900 $0.795 2016 $24.12 $17.470 $0.744 2017 $16.99 $17.656 $0.356 2018 $14.90 $23.433 $0.964 2019 $13.42 $22.401 $5.157 2020 $9.75 $20.712 $1.351 2021 $12.55 $19.687 $2.019 2022 $5.22 $17.478 $1.713 2023 $1.83 $14.557 $7.334 *Revenue and net income in $billions Over the course of the last decade, Lumen’s revenue decreased by more than 19% while net income gained by over 761.81%. As the company battled through its dated infrastructure and a significant debt load — shares fell significantly from $39.70 in 2014 to $1.83 in 2023. However, Lumen has been able to better balance its books, with total assets and total liabilities nearly aligned in 2023 to the tune of $34.02 billion and $33.57 billion, respectively. As the 56-year-old tech company looks forward to the second half of the decade, 24/7 Wall Street has identified three key drivers that are likely to positively impact Lumen Technologies’ growth metrics and stock performance through 2030. Key Drivers of Lumen Technologies’ Stock Performance 1. Strategic Partnerships With Tech Giants: The aforementioned strategic partnerships with Microsoft, the second-largest publicly traded company by market cap at $3.096 trillion, and Corning with its $36.16 billion market cap, should position Lumen for increased revenues and earnings for the foreseeable future. The partnership, announced in early August 2024, will result in Lumen more than doubling its total intercity network miles in order to unlock the next phases and capabilities of AI for cloud data centers (like Microsoft’s), enterprises and public agencies. According to the company’s press release, Lumen expects the deal with Microsoft to improve its cash flow by more than $20 million over the next 12 months. 2. Debt Restructuring: In March 2024, the company announced it had successfully extended its debt maturities, closing an approximately $1 billion revolving credit line maturing in June 2028 and completing the private placement of $1.325 billion due in November 2029. These efforts should free up funds and allow the company to address capital expenditures that will enable it to address the demands of the previously discussed strategic partnerships with Microsoft and Corning. 3. Insider Activity: While insider trading is never an absolute indication of growth, following the money can suggest what company executives’ sentiment is. And over the past 12 months, Lumen Technologies’ insiders have been doing far more buying than they have been selling. In fact, inside buyers have purchased a total of 12,924,936 million shares versus insider sellers offloading just 2,913,990. Put differently, the leadership at Lumen has out out-purchased sellers by more than 343% over the past year. Lumen Technologies (LUMN) Price Prediction in 2025 According to analysts, the current consensus median one-year price target for Lumen Technologies is $4.00, which represents more than -38.84% downside potential over the next 12 months given the current price per share of $6.54. Of 12 analysts covering LUMN, nine rate the stock as a ‘Hold,’ with the consensus rating being 3.15 on a scale from 1 (‘Strong Buy’) to 5 (‘Strong Sell’). By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -3.67%, based on an annualized EPS of -46 cents. Lumen Technologies (LUMN) Stock Forecast Through 2030 Year Revenue* EPS 2025 $12.407 -$0.46 cents 2026 $12.229 -$0.26 cents 2027 $12.369 $0.05 cents 2028 $12.473 $0.39 cents 2029 $12.862 $0.38 cents 2030 $13.070 $0.69 cents *Revenue in $billions How Lumen Technologies’ Next Five Years Could Play Out By the end of 2025, 24/7 Wall Street‘s forecast for shares of LUMN is higher at $6.30, which only represents a downside potential of -14.17%, based on an annualized EPS of -46 cents. However, beginning in 2027 and continuing through 2030, we expect LUMN to post positive EPS growing from 5 cents to 59 cents based on revenue growth from $12.369 billion in 2027 to $13.070 billion in 2030. Lumen Technologies’ Price Target for 2030 By the conclusion of 2030, 24/7 Wall Street estimates that Lumen Technologies stock will be trading for $7.40 per share. Year Price Target 2025 $6.30 2026 $6.20 2027 $6.50 2028 $6.70 2029 $7.10 2030 $7.40 Cash Back Credit Cards Have Never Been This Good Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers. Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers. The post Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
https://247wallst.com
- 1 month ago
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 billion in Private Connectivity Fabric sales, primarily with hyper-scalers. Lumen's fair share price is $9.71, offering a 39% upside, driven by AI growth and strategic resource allocation despite Wall Street's pessimism.
seekingalpha.com
- 1 month ago
Why Is Lumen (LUMN) Down 27.1% Since Last Earnings Report?
Lumen (LUMN) reported earnings 30 days ago. What's next for the stock?
zacks.com
- 1 month ago
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 & Chief Financial Officer Conference Call Participants Ana Goshko - Bank of America Ana Goshko Joining us at the Bank of America Leverage Finance Conference. I'm Ana Goshko from the fixed income research side, I cover Telecom and Technology.
seekingalpha.com
- 1 month ago
Lumen price target raised to $8 from $6.50 at Citi
Citi analyst Michael Rollins raised the firm's price target on Lumen to $8 from $6.50 and keeps a Neutral rating on the shares after having updated the firm's model incorporating Q3 results that were "generally mixed with respect to the operations." Optionality to monetize the mass market fiber opportunity has become more important to the national wireless carriers as they increasingly compete with converged mobile-plus-broadband bundles from cable competitors, the analyst tells investors.
https://thefly.com
- 1 month ago
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 Lumen and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. ("Level 3" and, together with Lumen, the "Offerors" and each, an "Offeror") to purchase any and all of their respective outstanding senior unsecured notes maturing in 2028 identified in the table below (collectively, the "2028 Notes") pursuant to the terms and subject to the conditions set forth in an Offer to Purchase, dated November 12, 2024, as amended by the Company's press release dated November 19, 2024 (collectively, as so amended, the "Offer to Purchase"). The Amended Offers expired at 5:00 p.m.
prnewswire.com
- 1 month ago
8. Profile
Summary
Lumen Technologies, Inc. LUMN
COUNTRY
US
INDUSTRY
Telecommunications Services
MARKET CAP
$ 5.74 B
Dividend Yield
0.00%
Description
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 cloud services, IT solutions, unified communication and collaboration solutions, colocation and data center services, content delivery services, and managed security services; and IP and data services, including VPN data network, Ethernet, internet protocol (IP), and voice over internet protocol. The company also provides fiber infrastructure services comprising high bandwidth optical wavelength networks; and unlit optical fiber and related professional services. In addition, it offers voice and other services, including private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; a portfolio of traditional time division multiplexing voice services; and synchronous optical network-based Ethernet, legacy data hosting services, and conferencing services. As of December 31, 2021, the company served approximately 4.5 million broadband subscribers. The company was formerly known as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.
Contact
100 CenturyLink Drive, Monroe, LA, 71203
https://www.lumen.com
IPO
Date
March 17, 1980
Employees
25000
Officers
Ms. Kathleen E. Johnson
President, Chief Executive Officer & Director
Ms. Maxine L. Moreau
Chief Integration & Modernization Officer and President of Mass Markets
Mr. Chadwick Ho J.D.
Executive Vice President & Chief Legal Officer
Mr. Christopher David Stansbury
Executive Vice President & Chief Financial Officer
Ms. Andrea Genschaw
Principal Accounting Officer, Senior Vice President & Controller
Ms. Ana Maria White
Executive Vice President & Chief People Officer
Mr. Carrick B. Inabnett
Chief Privacy Officer, Vice President & Assistant General Counsel
Mr. Ryan Asdourian
Executive Vice President & Chief Marketing Officer
Mr. David Ward
Chief Technology & Product Officer
Ms. Ashley Haynes-Gaspar
Executive Vice President & Chief Revenue Officer