Better AI Stock: Lumen Technologies vs. Broadcom
Lumen's stock was saved by two big deals with Microsoft and Corning. Broadcom's sales of AI-oriented chips are soaring.
Lumen Technologies Q2 Earnings Review: Transformation Affirmed
Lumen Technologies trading volume surged in July, with stock price starting at $1.00 and to around $6.70 in after-hours trade after posting results. Lumen secured $5 billion in AI-related new business and $7 billion in sales opportunities, leading to its impressive increase in stock price. Lumen's partnership with Corning for fiber network expansion will support business growth and increased free cash flow forecast for 2024; this may lead to debt rating upgrade and improved growth.
Lumen Technologies, Inc. (LUMN) Q2 2024 Earnings Call Transcript
Lumen Technologies, Inc. (NYSE:LUMN ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Jim Breen - Senior Vice President, Investor Relations 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 Jim Schneider - Goldman Sachs Jonathan Chaplin - New Street Nick Del Deo - MoffettNathanson Gregory Williams - TD Cowen Frank Louthan - Raymond James Eric Luebchow - Wells Fargo Operator Greetings, and welcome to Lumen Technologies' Second Quarter 2024 Earnings Call.
Lumen (LUMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Lumen (LUMN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lumen Stock Jumps Another 50% After Hours: Here's Whats' Going On
Is it too early to call Lumen (NYSE: LUMN) the next meme stock?
Why Lumen Technologies Stock Is Skyrocketing Today
Lumen Technologies announced yesterday that it has secured new fiber network deals worth $5 billion. The company is seeing rising AI-related demand, and it could score more big contracts in the near term.
Lumen Technologies News: What Is Going On With LUMN Stock Today?
Today, a little-known company is making waves on Wall Street. Lumen Technologies (NYSE: LUMN ) is a penny stock but it likely won't be for long.
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.
