Lumen stock soared today thanks to a new ownership disclosure made to the SEC. A new, individual investor now owns roughly 5.4% of Lumen's common stock.
MarketWatch recently caught up with Lumen CFO Chris Stansbury, who discussed the opportunities ahead in AI and consumer fiber.
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.
Lumen Technologies, Inc. (NYSE:LUMN ) Goldman Sachs Communacopia and Technology Conference Call September 9, 2024 7:25 PM ET Company Participants Chris Stansbury - Executive Vice President & Chief Financial Officer Conference Call Participants Jim Schneider - Goldman Sachs Jim Schneider Good afternoon everybody. Welcome to the Goldman Sachs Communacopia and Technology Conference.
Lumen Technologies, Inc. (NYSE:LUMN ) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 8:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Dave Barden - Bank of America Merrill Lynch Dave Barden All right. So guys, everybody, welcome to round two.
Lumen Technologies, Inc. (NYSE:LUMN ) Citi's 2024 Global TMT Conference September 4, 2024 12:30 PM ET Company Participants Chris Stansbury - EVP, CFO Conference Call Participants Brian Badillo - Citi Brian Badillo Thank you all. Is it 12:30 as we're starting or 12:30.
Another short-seller came out against Lumen today. It's the second short report on the stock in a week.
Lumen Technologies (NYSE:LUMN) is a company that's most prominently known for its extensive wireline and cable assets.
Nvidia has been an exceptional investment to own over the years. It could still rise higher, but given its high valuation, its upside could be limited for the foreseeable future.
Lumen briefly traded below $1 per share before it announced these recent deals. The company will invest heavily in updating its infrastructure.
Kerrisdale Capital published a new short report on Lumen stock today. The short seller doesn't think Lumen's AI opportunities will pan out.
Lumen Technologies NYSE: LUMN has experienced skyrocketing share price in the last month, making it one of the top-performing stocks based on total 30-day returns in the area of 323% as of this writing. Earlier this month, Lumen shares topped $6 for the first time since late 2022.