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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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) declared a quarterly cash dividend of $0.25 per share, payable on June 10, 2022, to shareholders on record by May 31, 2022. The ex-dividend date is set for May 27, 2022. With a robust fiber network spanning 500,000 route miles in over 60 countries, Lumen aims to enhance technological advancements for businesses and communities.
Lumen Technologies (NYSE: LUMN) will present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022, starting at 8:40 a.m. ET. Chris Stansbury, the executive vice president and CFO, will lead the presentation. A live webcast will be accessible on the Lumen Investor Relations website.
Lumen is a technology company with a vast fiber network spanning approximately 500,000 route miles across more than 60 countries, dedicated to enhancing human progress through technology.
Lumen Technologies (NYSE: LUMN) announced that Andrew Dugan, CTO, will present at the MoffettNathanson 9th Annual Media and Communications Summit on May 19, 2022, at 3:00 p.m. ET. The presentation will be accessible via a live webcast on the Lumen Investor Relations website. Lumen operates approximately 500,000 route fiber miles, serving customers across more than 60 countries, emphasizing its commitment to advancing technology for improved living and working experiences.
Lumen Technologies (LUMN) reported a significant increase in DDoS attacks mitigated in Q1 2022, with a 66% rise compared to Q4 2021 and a 32% increase year-over-year. Notably, 97% of the largest attacks targeted sectors such as Telecommunications and Gaming. One client experienced over 1,300 attacks, including the largest bandwidth attack at 775 Gbps. This highlights the critical need for robust cyber defense strategies, as even short downtimes can severely impact operations and revenue.
Lumen Technologies (LUMN) reported Q1 2022 results with a Net Income of $599 million, up from $475 million in Q1 2021. The Diluted EPS rose to $0.59, compared to $0.44 last year. Total Revenue decreased to $4.676 billion from $5.029 billion year-over-year. Adjusted EBITDA fell to $1.966 billion, down from $2.165 billion in Q1 2021. However, Lumen generated Free Cash Flow of $846 million, slightly lower than $850 million in the same quarter last year. The company updated its full-year outlook, anticipating improved financial metrics due to pending divestitures.
Lumen Technologies (NYSE: LUMN) has been selected by New Jersey to implement a Next Generation 911 (NG911) platform, enhancing emergency call delivery for 8.9 million residents. This seven-year contract establishes a statewide Emergency Services Internet Protocol Network (ESInet) to improve response times and data utilization for 911 call centers across 248 Public Safety Answering Points (PSAPs). The NG911 platform will support future capabilities, including multimedia communication, revolutionizing public safety services in the state.
Lumen Technologies (NYSE: LUMN) is set to enhance its Ethernet services by investing in high-bandwidth architecture, aiming to deliver speeds up to 30 gigabits per second across more than 40 cities by year-end. Following the recent rollout in nine cities, another nine will gain access in early May 2022. Lumen's upgrades represent a 10-fold increase in current Ethernet capabilities and comply with MEF 3.0 standards, ensuring better performance management. Key cities gaining access include Columbus, Houston, and Nashville.
Lumen Technologies (NYSE: LUMN) has partnered with Alianza to enhance its voice services portfolio by utilizing Alianza's cloud communications platform. This collaboration aims to facilitate the migration of customers from legacy voice services to advanced cloud solutions. Key benefits include centralized management, automated provisioning, and easy online customer ordering. The integration is expected to bolster Lumen's offerings by providing high-quality, secure voice and collaboration solutions, thus supporting strategic revenue growth and differentiating Lumen in the competitive market.
Lumen Technologies (NYSE: LUMN) will release its first quarter 2022 earnings on May 4, 2022. A live conference call will be held at 5 p.m. ET on the Investor Relations website. Key information about the earnings release and investor presentation will be accessible post-call. The audio replay will be available starting at 8 p.m. ET on the same day until Aug. 2, 2022. Lumen operates a substantial network with approximately 500,000 route fiber miles across more than 60 countries, focused on enhancing technology experiences for businesses and communities.
Lumen Technologies (NYSE: LUMN) has appointed Chris Stansbury as its new Chief Financial Officer, effective April 4, 2022, succeeding Neel Dev. Stansbury brings over 30 years of finance leadership experience from companies like Arrow Electronics and Hewlett-Packard. CEO Jeff Storey highlighted Stansbury's track record of growth and value creation as pivotal for achieving strategic goals following significant divestitures. No changes were announced regarding the company's financial outlook as a result of this transition.
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