5 days ago - fool.com

Goldman Sachs recently initiated coverage on Lumen stock with a sell rating. Goldman's one-year price target on Lumen stock implies further downside of 7% for the stock.

2 weeks ago - globenewswire.com

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lumen Technologies, Inc. (NYSE: LUMN) on behalf of long-term stockholders following a class action complaint that was filed against Lumen on March 3, 2023 with a Class Period from September 14, 2020 to February 7, 2023. Our investigation concerns whether the board of directors of Lumen have breached their fiduciary duties to the company.

3 weeks ago - seekingalpha.com

Lumen Technologies, Inc. (NYSE:LUMN ) 2nd Annual UBS Women in Tech Summit Conference Call June 11, 2024 12:40 PM ET Company Participants Kate Johnson - President and Chief Executive Officer Conference Call Participants Batya Levi - UBS Batya Levi Great. Thanks, everyone, for joining.

1 month ago - prnewswire.com

DENVER , June 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024. The presentation is scheduled to begin at 12:40 p.m.

1 month ago - seekingalpha.com

Dividend stocks have struggled in recent years due to rising interest rates and companies cutting or eliminating their dividends. We look at some concerning storm clouds brewing on the horizon for the sector. We also share some of our top picks for navigating the current choppy waters in the sector.

1 month ago - seekingalpha.com

Lumen Technologies has improved its recovery prospects by extending debt maturities and by confirming a positive free cash flow forecast for the current year. The company's broadband business, particularly fiber, is experiencing strong momentum and contributing significantly to revenue. Lumen's success in pushing out maturities has caused a stabilization of the telecom's share price.

1 month ago - seekingalpha.com

Lumen Technologies, Inc. (NYSE:LUMN ) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 10:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Greg Williams - TD Cowen Greg Williams Let's get started. Good morning.

1 month ago - prnewswire.com

DENVER , May 23, 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 TD Cowen 52nd Annual Technology, Media & Telecom Conference on May 30, 2024. The presentation is scheduled to begin at 10:50 a.m.

1 month ago - seekingalpha.com

Lumen Technologies, Inc. (NYSE:LUMN ) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 10:00 AM ET Company Participants Kate Johnson - President & CEO Conference Call Participants Sebastiano Petti - J.P. Morgan Sebastiano Petti Hi, good morning, everyone.

1 month ago - https://www.defenseworld.net

Natixis Advisors L.P. purchased a new stake in Lumen Technologies, Inc. (NYSE:LUMN – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 133,394 shares of the technology company’s stock, valued at approximately $244,000. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategies Wealth Advisors LLC purchased a new stake in shares of Lumen Technologies during the 4th quarter worth about $26,000. Brighton Jones LLC purchased a new stake in shares of Lumen Technologies during the 4th quarter worth about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Lumen Technologies during the 3rd quarter worth about $30,000. Belpointe Asset Management LLC grew its holdings in shares of Lumen Technologies by 52.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 24,527 shares of the technology company’s stock worth $35,000 after purchasing an additional 8,405 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of Lumen Technologies by 54.0% during the 4th quarter. ORG Partners LLC now owns 22,580 shares of the technology company’s stock worth $41,000 after purchasing an additional 7,920 shares during the period. Hedge funds and other institutional investors own 66.19% of the company’s stock. Insiders Place Their Bets In related news, CEO Kathleen E. Johnson purchased 750,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average price of $1.28 per share, for a total transaction of $960,000.00. Following the acquisition, the chief executive officer now directly owns 7,756,290 shares in the company, valued at $9,928,051.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lumen Technologies news, Director T Michael Glenn bought 50,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $1.47 per share, with a total value of $73,500.00. Following the transaction, the director now directly owns 272,019 shares in the company, valued at approximately $399,867.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kathleen E. Johnson bought 750,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $1.28 per share, for a total transaction of $960,000.00. Following the completion of the transaction, the chief executive officer now owns 7,756,290 shares in the company, valued at $9,928,051.20. The disclosure for this purchase can be found here. 1.68% of the stock is owned by company insiders. Lumen Technologies Stock Up 0.8 % Shares of NYSE:LUMN opened at $1.32 on Monday. The company has a debt-to-equity ratio of 36.89, a quick ratio of 1.03 and a current ratio of 1.03. Lumen Technologies, Inc. has a 1 year low of $0.78 and a 1 year high of $2.62. The stock has a market capitalization of $1.34 billion, a P/E ratio of -0.12 and a beta of 1.16. The stock has a 50-day simple moving average of $1.42 and a 200-day simple moving average of $1.48. Lumen Technologies (NYSE:LUMN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Lumen Technologies had a positive return on equity of 4.06% and a negative net margin of 76.21%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Equities analysts forecast that Lumen Technologies, Inc. will post -0.16 earnings per share for the current year. About Lumen Technologies (Free Report) 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 legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.

1 month ago - prnewswire.com

DENVER , May 14, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024.

2 months ago - prnewswire.com

Ho to Succeed Veteran Executive Stacey Goff DENVER , May 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced it has appointed Chad Ho as executive vice president and chief legal officer. His appointment will begin in June.

2 months ago - marketwatch.com

Lumen Technologies Inc.'s chief executive continues to be a buyer of her company's stock, scooping up nearly $1 million worth in the wake of the latest earnings report.

2 months ago - zacks.com

Lumen's (LUMN) first-quarter performance is affected due to the weakness across both business segments.

2 months ago - prnewswire.com

Lumen Defender uses Black Lotus Labs' threat intelligence to proactively stop attacks at the network edge  DENVER , May 1, 2024 /PRNewswire/ -- To combat the growing number of cyberattacks targeting business networks, Lumen Technologies (NYSE: LUMN) is unveiling a new threat defense tool driven by Artificial Intelligence (AI)/Machine Learning (ML). Lumen DefenderSM powered by Black Lotus Labs® is a patented product that proactively blocks evolving threats at the network edge, before they can compromise a business's network perimeter.

2 months ago - zacks.com

The headline numbers for Lumen (LUMN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

2 months ago - seekingalpha.com

Lumen Technologies, Inc. (NYSE:LUMN ) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Matthew Debnam - Director, IR Kate Johnson - President & CEO Chris Stansbury - EVP & CFO Conference Call Participants Michael Rollins - Citi Sebastiano Petti - J.P. Morgan Batya Levi - UBS David Barden - Bank of America Simon Flannery - Morgan Stanley Nick Del Deo - MoffettNathanson Gregory Williams - TD Cowen Frank Louthan - Raymond James Jonathan Chaplin - New Street Operator Greetings, and welcome to Lumen Technologies First Quarter 2024 Earnings Call.

2 months ago - marketwatch.com

Lumen Technologies Inc. reported mixed results for the latest quarter, posting a surprise adjusted loss but topping expectations on free cash flow.

2 months ago - prnewswire.com

First  Quarter 2024 Highlights Successfully completed our TSA transactions with a broad group of our creditors, significantly strengthening our balance sheet and addressing over $15 billion of our debt and commitments Extended over $10 billion of our maturities due over the next four years to 2029 and beyond Secured access to over $2.3 billion in new liquidity to fuel our pivot to growth Reported Net Income of $57 million for the first quarter 2024, compared to reported Net Income of $511 million for the first quarter 2023 Reported diluted earnings per share of $0.06 for the first quarter 2024, compared to diluted earnings per share of $0.52 for the first quarter 2023. Excluding Special Items, diluted loss per share was $(0.04) for the first quarter 2024, compared to $0.10 diluted earnings per share for the first quarter 2023 Generated Adjusted EBITDA of $977 million 1 for the first quarter 2024, compared to $1.251 billion 1 for the first quarter 2023, excluding the effects of Special Items of $170 million and $114 million, respectively Reported Net Cash Provided by Operating Activities of $1.102 billion for the first quarter 2024 Generated Free Cash Flow of $518 million 2 for the first quarter 2024, compared to negative $(75) million 2 for the first quarter 2023, excluding cash paid for Special Items of $129 million and $(30) million, respectively Reiterated full-year 2024 financial outlook with the first quarter expected to be the low-point for Adjusted EBITDA DENVER , April 30, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the first quarter ended March 31, 2024.

2 months ago - zacks.com

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Lumen (LUMN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

2 months ago - zacks.com

Lumen's (LUMN) Q1 performance is likely to have been hurt by a time-consuming digital transformation process. Continued investments in Quantum Fiber and enterprise businesses are expected to have been positives.

2 months ago - marketwatch.com

Lumen Technologies Inc. LUMN, on Tuesday said it would reduce staff by less than 7% through layoffs and voluntary separations. The telecom and networking company said in a filing that the move was part of a cost-cutting effort expected to largely be completed by the end of the second quarter.

2 months ago - seekingalpha.com

Dividend investing can provide exceptional long-term wealth compounding and financial independence. However, dividend investing is far from easy. We share three of some of the biggest mistakes that dividend investors often make.

2 months ago - seekingalpha.com

Dividend investing provides a growing passive income stream and can make investors agnostic to stock market conditions. Dividend cuts significantly hurt investors by reducing passive income and indicating potential underlying issues with the company. We discuss the causes of dividend cuts, the early warning signs to watch out for, and how to respond prudently when a dividend cut takes place.

2 months ago - investorplace.com

With all the turbulence in the stock market at this time, it's imperative to consider theimpact of analyst downgrades to minimize risk. Following a momentous AI-powered rally in the past year or so, the market's taking a breather.