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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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) reports tracking over 20,000 DDoS attacks in 2021, with significant increases in unique Command and Control servers linked to botnets Gafgyt and Mirai. The most attacked sectors were Telecommunications, Software, and Government, driven by financial motives for attackers. In Q4 2021, voice service providers emerged as new targets. The company emphasizes the importance of DDoS mitigation services and monitoring attack surfaces, citing rising ransom DDoS attacks and the persistence of reflection-style attacks. For full insights, view their detailed report.
Brightspeed has appointed Courtland Madock as Chief Marketing Officer, effective immediately. Madock will oversee marketing and sales operations, aiming to enhance brand identity and customer engagement. Previously Vice President of Marketing at UScellular, she brings significant experience in the telecommunications industry.
Brightspeed plans to invest over $2 billion in building a high-speed fiber network to serve up to three million homes over the next five years. This development is part of a strategic initiative following its acquisition of ILEC assets from Lumen Technologies (NYSE: LUMN) by Apollo-managed funds (NYSE: APO).
Lumen Technologies (NYSE: LUMN) reported Q4 2021 revenue of $4.847 billion, declining from $5.125 billion in Q4 2020. Full-year 2021 revenue was $19.687 billion, down from $20.712 billion in 2020. The company achieved strong free cash flow of $759 million despite a decrease from $924 million YoY. Lumen executed a $1 billion share repurchase program and announced strategic asset sales to enhance its growth strategy. The 2022 outlook includes estimated adjusted EBITDA of $6.5 to $6.7 billion and free cash flow of $1.6 to $1.8 billion, with a dividend of $1.00 per share.
The U.S. Department of Agriculture (USDA) awarded Lumen Technologies (NYSE: LUMN) a task order exceeding $1.2 billion to provide integrated data transport services to over 9,500 USDA locations. This contract, which supports nearly 100,000 USDA employees, includes advanced solutions such as software-defined wide area network (SD-WAN), managed security, and edge computing. The 11-year task order, part of the $50 billion Enterprise Infrastructure Solutions program, enables the USDA to enhance its operations in farming, food, and nutrition services.
Lumen Technologies (NYSE: LUMN) will report its fourth quarter 2021 results on Feb. 9, 2022, with a live conference call scheduled for 5 p.m. ET. Investors can access the call via the company’s Investor Relations website or dial in directly. The call will be archived for replay starting at 8 p.m. ET on the same day until May 1, 2022. Lumen serves over 60 countries with approximately 450,000 route fiber miles, focusing on delivering secure platforms for applications and data.
Jeff Storey, president and CEO of Lumen Technologies (NYSE: LUMN), will present at the Citi AppsEconomy Conference on January 6 at noon EST. This event highlights Lumen's commitment to leveraging technology to enhance business and community experiences. With approximately 450,000 route fiber miles serving clients in over 60 countries, Lumen focuses on providing a secure platform for applications and data. For webcast details, visit the Lumen Investor Relations website.
The U.S. Army Reserve Command has awarded Lumen Technologies (NYSE: LUMN) a contract worth $23 million to provide Virtual Private Network (VPN) services across over 650 Army Reserve locations. This 11-year task order includes an initial year and ten options. The contract was awarded under the General Services Administration's $50 billion Enterprise Infrastructure Solutions program. Lumen's services will enhance remote access for Army Reservists, supporting critical operations.
Lumen Technologies (NYSE: LUMN) will be presenting at the UBS Global TMT Virtual Conference on December 7 at 3:00 p.m. EST. Shaun Andrews, the executive vice president and chief marketing officer, will lead the presentation. Investors can access the webcast via the Lumen Investor Relations website, with further details available online.
Lumen operates a vast network with approximately 450,000 route fiber miles, servicing customers in over 60 countries, aiming to enhance human progress through technology.
Brightspeed has appointed Christie Grumbos as Chief Financial Officer, effective immediately. Reporting to CEO Bob Mudge, she will oversee finance, accounting, and treasury operations, and lead capital planning for the company's ambitious $2 billion fiber optics transformation strategy. Grumbos has over 25 years of experience in finance, having served as CFO at Terminix and held senior roles at Vivint Smart Homes and Windstream Holdings. Brightspeed aims to extend high-speed internet service to three million households across multiple states, addressing the digital divide.
Lumen Technologies (NYSE: LUMN) has launched the Lumen Edge Gateway, a platform designed to facilitate rapid deployment of virtualized services without the need for hardware changes. Targeting medium to large enterprises, this compute platform enhances application and network service efficiency while reducing operational costs. The Edge Gateway supports multiple vendor services and offers self-managed and Lumen-managed capabilities. This innovation aims to keep businesses competitive and agile in a fast-evolving digital landscape.
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