Lumen Technologies Inc. (LUMN)
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 By leveraging Microsoft's cloud and AI technologies, Lumen aims to cut technology costs, eliminate outdated systems and silos, upgrade its services and develop new solutions for its global clients.
Why Lumen Stock Gained After Big Volatility Today
Goldman Sachs recently initiated coverage on Lumen stock with a sell rating. Goldman's one-year price target on Lumen stock implies further downside of 7% for the stock.
Lumen Technologies, Inc. (LUMN) 2nd Annual UBS Women in Tech Summit Conference - (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN ) 2nd Annual UBS Women in Tech Summit Conference Call June 11, 2024 12:40 PM ET Company Participants Kate Johnson - President and Chief Executive Officer Conference Call Participants Batya Levi - UBS Batya Levi Great. Thanks, everyone, for joining.
Lumen: Attractive Speculative Setup (Rating Upgrade)
Lumen Technologies has improved its recovery prospects by extending debt maturities and by confirming a positive free cash flow forecast for the current year. The company's broadband business, particularly fiber, is experiencing strong momentum and contributing significantly to revenue. Lumen's success in pushing out maturities has caused a stabilization of the telecom's share price.
Lumen Technologies, Inc. (LUMN) TD Cowen 52nd Annual Technology, Media & Telecom Conference (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN ) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 10:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Greg Williams - TD Cowen Greg Williams Let's get started. Good morning.
Lumen Technologies, Inc. (LUMN) JPMorgan Global Technology, Media and Communications Conference - (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN ) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 10:00 AM ET Company Participants Kate Johnson - President & CEO Conference Call Participants Sebastiano Petti - J.P. Morgan Sebastiano Petti Hi, good morning, everyone.
