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.
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.
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.
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.
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.
Lumen CEO on tech partnerships, Google Cloud deal and future of AI
Kate Johnson, Lumen CEO, joins 'Closing Bell: Overtime' to discuss the company's tech partnerships, Google Cloud deal and AI.
Insights Into Lumen (LUMN) Q3: Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Lumen (LUMN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Lumen Gearing Up for Q3 Earnings: Here's What Investors Should Know
LUMN's Q3 performance is likely to have been affected by divestitures, commercial agreements and the sale of the CDN business.
Could BigBear.ai Become the Next Lumen Technologies?
This little AI software company needs to prove it can grow in the shadow of its bigger competitors.
Super Micro Computer vs. Lumen Technologies: Wall Street Says to Sell One of These AI Stocks and Hold the Other
Super Micro Computer and Lumen Technologies have ridden the artificial intelligence wave to big gains this year.
Lumen Expands Meta's Network Capacity to Boost AI Development
Meta enhances its AI capabilities with LUMN's Private Connectivity Fabric to provide seamless customer services.
Why Lumen Stock Is Falling After Surging Early in Today's Trading
Lumen stock got off to a red-hot start thanks to AI news today, but it hasn't held on to those early gains.
