Communication Services - Telecommunications Services - NYSE - US
$ 8.54
-1.04 %
$ 8.67 B
Market Cap
-3.94
P/E
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.[ Read More ]
The intrinsic value of one LUMN stock under the base case scenario is HIDDEN Compared to the current market price of 8.54 USD, Lumen Technologies, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart LUMN
FINANCIALS
14.6 B
REVENUE
-9.58 B
OPERATING INCOME
-10.3 B
NET INCOME
2.16 B
OPERATING CASH FLOW
-1.2 B
INVESTING CASH FLOW
-18 M
FINANCING CASH FLOW
3.22 B
REVENUE
126 M
OPERATING INCOME
-148 M
NET INCOME
2.03 B
OPERATING CASH FLOW
-805 M
INVESTING CASH FLOW
-81 M
FINANCING CASH FLOW
Balance Sheet Decomposition
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 | 19.8 B |
| Other Non-Current Liabilities | 10.2 B |
EFFICIENCY
Earnings Waterfall
Lumen Technologies, Inc.
| Revenue | 14.6 B |
| Cost Of Revenue | 7.14 B |
| Gross Profit | 7.41 B |
| Operating Expenses | 3.2 B |
| Operating Income | -9.58 B |
| Other Expenses | 714 M |
| Net Income | -10.3 B |
RATIOS
50.92%
GROSS MARGIN
-65.84%
OPERATING MARGIN
-70.74%
NET MARGIN
-2469.54%
ROE
-30.27%
ROA
-47.25%
ROIC
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 | -979 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
-88.29%
LUMN Average Price Target
Wall Street Target
3.83 USD
-55.15%
LUMN Highest Price Target
Wall Street Target
7 USD
-18.03%
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
47 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
1.14 M USD 4
6-9 MONTHS
45 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 03, 2024
|
Bought 47 K USD
|
Fowler James
Director |
+ 10000
|
4.699 USD |
|
6 months ago
May 02, 2024
|
Bought 960 K USD
|
Johnson Kathleen E
President & CEO |
+ 750000
|
1.2798 USD |
|
8 months ago
Mar 01, 2024
|
Bought 48 K USD
|
SIEGEL LAURIE
Director |
+ 30000
|
1.5999 USD |
|
8 months ago
Feb 26, 2024
|
Bought 73.3 K USD
|
GLENN T MICHAEL
Director |
+ 50000
|
1.466 USD |
|
9 months ago
Feb 13, 2024
|
Bought 52.4 K USD
|
Fowler James
Director |
+ 31000
|
1.69 USD |
|
9 months ago
Feb 13, 2024
|
Bought 4.04 K USD
|
Fowler James
Director |
+ 2500
|
1.615 USD |
|
9 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 |
|
1 year 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 |
|
3 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 |
|
4 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 |
|
5 years ago
Jan 16, 2019
|
Sell 254 M USD
|
Temasek Holdings (Private) Ltd
Director |
- 16000000
|
15.9 USD |
|
5 years ago
Dec 11, 2018
|
Bought 141 K USD
|
CLONTZ STEVEN T
Director |
+ 8207
|
17.2 USD |
|
5 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 |
|
6 years ago
Dec 11, 2017
|
Bought 77.4 K USD
|
CLONTZ STEVEN T
Director |
+ 5000
|
15.4892 USD |
|
6 years ago
Dec 11, 2017
|
Bought 472 K USD
|
CLONTZ STEVEN T
Director |
+ 30000
|
15.7352 USD |
|
6 years ago
Dec 11, 2017
|
Bought 7.79 K USD
|
CLONTZ STEVEN T
Director |
+ 500
|
15.5799 USD |
|
6 years ago
Dec 08, 2017
|
Bought 14.5 K USD
|
Chilton Kevin P.
Director |
+ 1000
|
14.4666 USD |
|
6 years ago
Dec 11, 2017
|
Bought 4.98 K USD
|
BOULET VIRGINIA
Director |
+ 320
|
15.5556 USD |
|
6 years ago
Dec 11, 2017
|
Bought 73.9 K USD
|
BOULET VIRGINIA
Director |
+ 4775
|
15.4746 USD |
|
6 years ago
Dec 08, 2017
|
Bought 102 K USD
|
ROBERTS MICHAEL JAMES
Director |
+ 7000
|
14.577 USD |
|
6 years ago
Dec 08, 2017
|
Bought 107 K USD
|
PERRY HARVEY P
Director |
+ 7500
|
14.324 USD |
|
6 years ago
Dec 08, 2017
|
Bought 144 K USD
|
HANKS WILLIAM BRUCE
Director |
+ 10000
|
14.41 USD |
|
6 years ago
Dec 08, 2017
|
Bought 356 K USD
|
GLENN T MICHAEL
Director |
+ 25000
|
14.2512 USD |
|
6 years ago
Dec 08, 2017
|
Bought 115 K USD
|
CLONTZ STEVEN T
Director |
+ 8000
|
14.4199 USD |
|
6 years ago
Dec 08, 2017
|
Bought 241 K USD
|
CLONTZ STEVEN T
Director |
+ 17000
|
14.17 USD |
|
6 years ago
Dec 08, 2017
|
Bought 99.9 K USD
|
Bejar Martha Helena
Director |
+ 7000
|
14.2775 USD |
|
6 years ago
Dec 08, 2017
|
Bought 1.02 M USD
|
STOREY JEFFREY K
President & COO |
+ 71000
|
14.2976 USD |
|
6 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 |
|
8 years ago
Jan 15, 2016
|
Sell 16.3 K USD
|
MELVILLE C G JR
Director |
- 700
|
23.28 USD |
|
8 years ago
Dec 15, 2015
|
Sell 17.2 K USD
|
MELVILLE C G JR
Director |
- 700
|
24.51 USD |
|
8 years ago
Dec 09, 2015
|
Sell 16.2 K USD
|
SIEGEL LAURIE
Director |
- 603
|
26.94 USD |
|
8 years ago
Dec 09, 2015
|
Sell 118 K USD
|
SIEGEL LAURIE
Director |
- 4380
|
26.95 USD |
|
8 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 |
|
9 years ago
Jan 20, 2015
|
Sell 19.4 K USD
|
MELVILLE C G JR
Director |
- 500
|
38.7 USD |
|
9 years ago
Dec 02, 2014
|
Sell 309 K USD
|
COLE DAVID D
EVP, Controller & Ops Support |
- 7525
|
41.0549 USD |
7. News
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 (P/E) ratio, there are lingering concerns about the tech company’s future prospects. Founded in 1968, 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 mega trend 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. 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 -22.43% 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 55.41% downside potential over the next 12 months given the current price per share of $8.97. 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 -29.77%, 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 -37.80%, 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 The #1 Thing to Do Before You Claim Social Security (Sponsor) Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation. A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes. Have questions about retirement or personal finance? Email us at Retire@247wallst.com! By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on 247wallst.com. By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties. The post Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
https://247wallst.com
- 2 days ago
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 Chris Stansbury, Lumen's executive vice president and chief financial officer will present at the BofA 2024 Leveraged Finance Conference on December 3, 2024. The presentation is scheduled to begin at 10:10 a.m.
prnewswire.com
- 3 days 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 (P/E) ratio, there are lingering concerns about the tech company’s future prospects. Founded in 1968, 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 mega trend 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. 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 -11.69% 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 60.51% downside potential over the next 12 months given the current price per share of $10.13. 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 -37.80%, 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 -37.80%, 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 The #1 Thing to Do Before You Claim Social Security (Sponsor) Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation. A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes. Have questions about retirement or personal finance? Email us at Retire@247wallst.com! By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on 247wallst.com. By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties. The post Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
https://247wallst.com
- 4 days ago
Why Lumen Technologies Stock Is Sinking Today
Lumen is making moves to reduce its debt. So why are investors bailing on the stock?
fool.com
- 4 days ago
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 cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase any and all of their respective outstanding notes identified in the table below (collectively, the "Notes"). The Offers are being made by Lumen and Level 3 (each, an "Offeror" and, collectively, the "Offerors") on the terms and subject to the conditions set forth in an Offer to Purchase, including the related Notice of Guaranteed Delivery attached as Appendix A thereto (the "Notice of Guaranteed Delivery"), dated November 12, 2024 (collectively, the "Offer to Purchase").
prnewswire.com
- 4 days ago
3 Artificial Intelligence (AI) Stocks That Could Go Parabolic
Innodata, MicroStrategy, and Lumen could skyrocket in the near future.
fool.com
- 1 week ago
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 ResearchAndMarkets.com's offering. The comprehensive databook report covers key market data on the North America Implantable Ports market. The databook report provides value (USD), volume (units) and average prices (USD) within the market segments for Single Lumen Implantable Ports and Double Lumen Implantable Ports. The North America Implantable Ports Market report provides key information and data on:
globenewswire.com
- 1 week ago
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, with a "Hold" quant rating, despite previous "Strong Buy" recommendations, due to positive cash flow and AI infrastructure opportunities. Lumen's business model transformation is validated by increased FCF projections and substantial PCF deals, positioning it well for future growth and debt reduction.
seekingalpha.com
- 1 week ago
Lumen Q3 Loss Narrower-Than-Expected , Revenues Decline Y/Y
LUMN's third-quarter revenue performance is affected by headwinds in the legacy business. Momentum in Quantum Fiber and increasing PCF deals bode well.
zacks.com
- 1 week ago
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 and Chief Executive Officer Chris Stansbury - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rollins - Citi Sebastiano Petti - J.P. Morgan Batya Levi - UBS Securities Jim Schneider - Goldman Sachs Jonathan Chaplin - New Street David Barden - Bank of America Nick Del Deo - MoffettNathanson Greg Williams - TD Cowen Frank Louthan - Raymond James Eric Luebchow - Wells Fargo Operator Greetings, and welcome to Lumen Technologies' Third Quarter 2024 Earnings Call.
seekingalpha.com
- 1 week ago
Compared to Estimates, Lumen (LUMN) Q3 Earnings: A Look at Key Metrics
The headline numbers for Lumen (LUMN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 1 week ago
Lumen (LUMN) Reports Q3 Loss, Tops Revenue Estimates
Lumen (LUMN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.09 per share a year ago.
zacks.com
- 1 week ago
8. Profile Summary
Lumen Technologies, Inc. LUMN
COUNTRY
US
INDUSTRY
Telecommunications Services
MARKET CAP
$ 8.67 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. Ana Maria White
Executive Vice President & Chief People Officer
Ms. Maxine L. Moreau
Chief Integration & Modernization Officer and President of Mass Markets
Mr. John F. Jones
Senior Vice President of Public Policy & Government Relations
Mr. Ryan Asdourian
Executive Vice President & Chief Marketing Officer
Mr. David Ward
Chief Technology & Product Officer
Mr. Christopher David Stansbury
Executive Vice President & Chief Financial Officer
Mr. Carrick B. Inabnett
Chief Privacy Officer, Vice President & Assistant General Counsel
Ms. Kathleen E. Johnson
President, Chief Executive Officer & Director
Ms. Andrea Genschaw
Principal Accounting Officer, Senior Vice President & Controller
Ms. Ashley Haynes-Gaspar
Executive Vice President & Chief Revenue Officer