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.
Lumen Technologies, Inc. LUMN has selected Blue Planet, a division of Ciena, for its intelligent automation software to support its strategic network inventory transformation efforts.
Warren Buffett, the famed Oracle of Omaha and longtime leader of Berkshire Hathaway Inc. NYSE: BRK.B, famously advises investors to "be fearful when others are greedy." It's easy to become swept up in investor excitement about a company, but trying to time the market is notoriously risky.
Increasing business opportunities, driven by AI proliferation, is a tailwind for Lumen (LUMN). However, stiff competition in the AI space can prove to be an impediment.
Lumen Technologies, Inc. LUMN has secured a three-year contract with The New Mexico Office of Broadband Access and Expansion to deliver nearly 900 miles of high-speed fiber connectivity to K-12 public schools (inclusive of tribal and charter schools) across the state.
Lumen Technologies announced a $5 billion deal that will help rejuvenate its revenue growth.