Lumen Technologies Gets $5 Billion in New Business on AI Boom
Shares of Lumen Technologies (LUMN) skyrocketed Tuesday, a day after the telecom provider announced it had secured $5 billion in new business because of soaring demand for artificial intelligence (AI) connectivity products.
Lumen (LUMN) Gains $5B in New Deals on Connectivity Demand
Lumen (LUMN) secures $5 billion in new business driven by AI demand for massive internet expansion and creates a Custom Networks division to better serve large organizations.
Lumen Technologies Stock Jumps 50%. 3 Reasons Why.
The stock soared after the telecommunications company secured $5 billion in deals amid surging demand for AI.
Lumen (LUMN) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Beyond analysts' top -and-bottom-line estimates for Lumen (LUMN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Lumen: Unwarranted Excitement
Lumen Technologies, Inc.'s stock surged on deals with Corning and Microsoft, but these are supplier and partner deals, not major customer agreements. Despite investing in fiber network capacity for AI traffic, Lumen's financials remain weak with ongoing revenue declines and high debt levels. Lumen's recent rally is unwarranted, and investors should be cautious as the company is unlikely to see significant sales growth or positive cash flows.
Lumen (LUMN), Corning Ink Fiber-Optic Cable Supply Agreement
Lumen Technologies, Inc. LUMN has announced its largest cable purchase deal with Corning Incorporated, aiming to more than double its intercity network miles to advance AI capabilities for cloud data centers, enterprises and public agencies. This agreement secures 10% of Corning's global fiber capacity for Lumen over the next two years.
What to Expect Ahead of Lumen's (LUMN) Q2 Earnings Release
Lumen's (LUMN) Q2 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 a tailwind.
Lumen Technologies Stock Went to the Moon This Week. Here's Why
Lumen announced a partnership with Corning Incorporated to supply fiber for its growth plans. It also announced a recent partnership with Microsoft.
Why Lumen Stock Skyrocketed Again Today but Then Lost Most of Its Gains
Lumen stock's value briefly increased by more than a third today. The company's share price soared after a new deal for fiber-optic cable with Corning was announced.
Lumen Technologies Stock: Recent Price Spike Begs Questions
Lumen Technologies stock saw a significant 5-day move, sparking speculation of small-cap rotation, successful turnaround, or a potential acquisition. New CEO Kate Johnson has successfully reduced debt, improved debt maturity profile, and initiated partnerships with Microsoft and Corning. The investment thesis on LUMN stock includes turnaround potential, small-cap rotation strategy, and asset play with possible acquisition, with a fair value of $5-$6 per share.
Why Lumen Technologies Stock Jumped 77.3% Today
Investors are cheering a new fiber supply deal that could grow the company's network. A short squeeze may have helped the bounce in shares today.
Lumen (LUMN) to Use Microsoft Cloud to Boost Transformation
Lumen Technologies, Inc. LUMN has teamed up with Microsoft to boost its enterprise-wide digital transformation through the latter's cloud and AI technologies. By leveraging Microsoft's cloud and AI technologies, Lumen aims to cut technology costs, eliminate outdated systems and silos, upgrade its services and develop new solutions for its global clients.
