Welcome to our dedicated page for Lumen Technologies news (Ticker: LUMN), a resource for investors and traders seeking the latest updates and insights on Lumen Technologies stock.
Lumen Technologies, Inc. (NYSE: LUMN) is a leading global telecommunications and technology company dedicated to transforming the way businesses and individuals interact with the digital world. With a workforce of approximately 38,000 professionals, Lumen is at the forefront of the 4th Industrial Revolution, offering flexible, intelligent, secure, and collaborative solutions for the next generation of business.
Lumen's extensive infrastructure includes 450,000 route miles of fiber, making it one of the largest telecommunication carriers in the United States. The company's strategic shift towards enterprise services was marked by its merger with Level 3 in 2017 and the divestiture of much of its ILEC business in 2022. Today, Lumen generates about 75% of its revenue from enterprise services, providing a full spectrum of communications solutions, including colocation and data center services, data transportation, and end-user phone and Internet services.
On the consumer side, Lumen delivers broadband and phone services across 37 states, serving 4.5 million broadband customers. The company is committed to enhancing the digital experience by leveraging its network strength, which spans metro connectivity, long-haul data transport, edge cloud, security, and managed service capabilities.
Lumen is also a recognized leader in cybersecurity. The latest Lumen Quarterly DDoS & Application Threat Report for Q4 2023 highlights a surge in DDoS attacks targeting the government sector. Lumen's advanced threat intelligence, powered by AI and machine learning, has been pivotal in mitigating these threats. The company's Black Lotus Labs threat intelligence team continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.
Financially, Lumen has shown robust performance. The company reported total revenue of $3.290 billion for Q1 2024, alongside substantial improvements in customer satisfaction and significant broadband net additions. After executing a comprehensive debt restructuring plan, Lumen now enjoys a strengthened liquidity position and a streamlined debt maturity profile.
Recent achievements include securing a $73.6 million contract to transform the U.S. Government Accountability Office's (GAO) network infrastructure and launching Lumen Defender, a cutting-edge AI-driven cybersecurity tool designed to proactively block evolving threats at the network edge.
For more information about Lumen Technologies and their ambitious mission, please visit www.lumen.com.
Lumen Technologies (NYSE:LUMN) has selected Ciena (NYSE:CIEN) as its preferred optical vendor to enhance its network infrastructure for AI workloads. The partnership focuses on implementing Ciena's WaveLogic 6 Extreme (WL6e) technology, featuring the industry's first 1.6 Tb/s coherent transceiver powered by 3nm silicon.
The implementation will deliver significant benefits, including a 50% reduction in space and power per bit. Lumen will also utilize Ciena's Navigator Control Suite (NCS) to automate the management of fiber assets, strengthening its capability to provide scalable connectivity services to major cloud and data center providers.
Lumen Technologies (NYSE: LUMN) has announced its executive vice president and CFO Chris Stansbury's upcoming participation in five major investor conferences in February and March 2025. The scheduled appearances include:
- JP Morgan Global High Yield & Leveraged Finance Conference (February 25)
- Raymond James Annual Institutional Investors Conference (March 3)
- Morgan Stanley Technology, Media & Telecom Conference (March 4)
- Deutsche Bank Annual Media, Internet & Telecom Conference (March 11)
- New Street BCG Connectivity Conference (March 26)
Live webcast links for all investor presentations will be accessible through the Lumen Investor Relations website at ir.lumen.com/events-and-presentations.
Lumen Technologies (LUMN) reported Q4 2024 results with Net Income of $85 million ($0.09 per share), compared to a Net Loss of $(1.995) billion in Q4 2023. Total Revenue was $3.329 billion, down from $3.517 billion year-over-year.
The company generated Adjusted EBITDA of $1.052 billion in Q4 2024, compared to $1.099 billion in Q4 2023. Free Cash Flow was negative $(174) million, excluding Special Items, compared to positive $50 million in Q4 2023.
For full-year 2024, Lumen reported a Net Loss of $(55) million, with total revenue of $13.108 billion, down 10% from 2023. The company updated its 2025 outlook, projecting Adjusted EBITDA of $3.2-3.4 billion and Free Cash Flow of $700-900 million.
Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider, has announced it will release its fourth-quarter 2024 financial results after market close on February 4, 2025. The company will host an earnings conference call at 5 p.m. ET on the same day, which will be accessible via live broadcast on their Investor Relations webpage. The earnings release, investor presentation, and related materials for Q4 and fiscal year 2024 will be made available on Lumen's Investor Relations website.
Lumen Technologies (NYSE: LUMN) has partnered with Prometheus Hyperscale to provide network connectivity for sustainable AI-driven data centers. Prometheus will implement Lumen's Private Connectivity Fabric solution, including next-generation wavelength services and DDoS-protected Dedicated Internet Access.
The partnership will support Prometheus' flagship facility in Wyoming and four future data centers across the western U.S. The network infrastructure will enable high-density compute capabilities while maintaining commitment to renewable energy and carbon neutrality. Prometheus' Evanston, Wyoming campus, expected online in late 2026, will be among the world's largest data centers, with additional facilities planned in Colorado, Arizona.
Lumen Technologies and its subsidiary Level 3 Financing announced the expiration and results of their cash tender offers for unsecured 2028 Notes. For Lumen's 6.875% Debentures, 14.89% ($24,094,000) of the outstanding $161,817,000 were tendered at $947.50 per $1,000 principal. For Level 3's 4.250% Senior Notes, 56.41% ($275,334,000) of the outstanding $488,098,000 were tendered at $890.00 per $1,000 principal. The settlement is expected to occur by November 26, 2024.
Lumen Technologies (NYSE: LUMN) announced the expiration and results of certain cash tender offers, along with amendments to remaining offers. For expired offers, the company received varying tender rates: 38% of 5.625% Senior Notes due 2025, 9% of 7.200% Senior Notes due 2025, 41% of 5.125% Senior Notes due 2026, and 8% of 4.000% Senior Notes due 2027. Level 3 Financing received 8% tender for 3.400% Notes and 43% for 4.625% Notes due 2027.
For amended offers, Lumen increased tender consideration for 6.875% Debentures due 2028 to $947.50 and Level 3's 4.250% Senior Notes due 2028 to $890.00 per $1,000 principal amount. The expiration time has been extended to November 25, 2024.
Lumen Technologies (NYSE: LUMN) announced that their Executive VP and CFO Chris Stansbury will present at the BofA 2024 Leveraged Finance Conference on December 3, 2024, at 10:10 a.m. ET. The presentation by the global integrated network solutions provider will be accessible via live webcast through Lumen's Investor Relations website.
Lumen Technologies and its subsidiary Level 3 Financing have launched cash tender offers to purchase any and all of their outstanding unsecured notes. The offers cover eight different series of notes with varying interest rates and maturities. The tender consideration ranges from $860 to $1,000 per $1,000 principal amount. The offers will expire on November 18, 2024, at 5:00 p.m., New York City time, with an expected settlement date of November 19, 2024. Holders who validly tender their notes will receive the specified tender consideration plus accrued interest.
Lumen Technologies (LUMN) reported Q3 2024 results with a net loss of $(148) million, compared to $(78) million in Q3 2023. Total revenue was $3.221 billion, down from $3.641 billion year-over-year. The company generated Free Cash Flow of $1.2 billion, excluding special items, compared to $43 million in Q3 2023.
The company maintained its full-year 2024 Adjusted EBITDA outlook of $3.9 to $4.0 billion and raised its Free Cash Flow guidance to $1.2-$1.4 billion from $1.0-$1.2 billion. Lumen reported strong adoption of its digital services and record quarter for Quantum Fiber net subscription adds.
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