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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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.
Brightspeed has appointed Jeff Lowney as Executive Vice President and Chief Commercial Officer, effective immediately. Reporting to CEO Bob Mudge, Lowney will lead product and market strategies to advance the company's $2 billion fiber optics transformation plan, targeting up to 3 million homes and businesses over the next five years. Lowney's extensive experience includes leadership roles at Windstream and Lumen Technologies. Brightspeed aims to enhance broadband access and connectivity, bridging the digital divide across 20 states.
Lumen Technologies will present at the Deutsche Bank 30th Annual Media, Internet, & Telecom Conference on March 14, 2022, at 3:50 p.m. EDT. Maxine Moreau, president of Mass Markets, will represent the company in Palm Beach, Florida. Investors can access the webcast of the presentation on the Lumen Investor Relations website. Lumen is a technology company with approximately 500,000 route fiber miles, serving customers in more than 60 countries and dedicated to enhancing human experiences through technology.
Brightspeed has announced the signing of a lease agreement for its corporate headquarters in Charlotte, North Carolina, set to occupy over 27,000 square feet in the Vantage South End building by the fourth quarter of 2022. This location will facilitate corporate functions like legal, marketing, and finance while supporting a network build across 20 states. The company plans to hire over 100 local employees. Brightspeed is investing $2 billion to enhance internet infrastructure, aiming to reach up to 3 million homes and businesses in five years, using acquired assets from Lumen Technologies (NYSE: LUMN).
Lumen Technologies (NYSE: LUMN) will present at the Morgan Stanley 2022 Technology, Media & Telecom Conference on March 8, 2022, at 4:45 p.m. PST. Laurinda Pang, president of global customer success, will represent the company during this event in San Francisco, California. Investors can access webcast information at Lumen's Investor Relations website. With a network of approximately 500,000 route fiber miles across over 60 countries, Lumen aims to enhance business, government, and community experiences through advanced technology.
Lumen Technologies (NYSE: LUMN) has been recognized as a Leader in the February 2022 Gartner Magic Quadrant for Network Services, marking its second consecutive year in this position. The report evaluates network service providers based on their Ability to Execute and Completeness of Vision. Since launching the Lumen Platform in 2021, the company has expanded its global capabilities, including increasing global edge nodes and enhancing its API marketplace. This recognition underscores Lumen's focus on customer success and digital transformation in the 4th Industrial Revolution.
Lumen Technologies (NYSE: LUMN) has declared a quarterly cash dividend of $0.25 per share, payable on March 18, 2022. Shareholders of record as of March 8, 2022 will receive this dividend, with an ex-dividend date set for March 7, 2022. With approximately 450,000 route fiber miles and operations in over 60 countries, Lumen aims to enhance technology for business and community experiences.
Lumen Technologies (NYSE: LUMN) is enhancing the Solana blockchain network by providing high-speed edge computing infrastructure. This collaboration enables developers and node operators to utilize Lumen's Edge Bare Metal services, promoting decentralized operations and rapid network expansion. Solana, known for processing tens of thousands of transactions per second, benefits from reduced latency and improved security through Lumen's extensive fiber connectivity. This partnership aims to remove barriers for decentralized networks, fostering adoption across more traditional industries amidst global supply chain challenges.
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.
FAQ
What is the current stock price of Lumen Technologies (LUMN)?
What is the market cap of Lumen Technologies (LUMN)?
What is Lumen Technologies, Inc.?
What services does Lumen offer?
How extensive is Lumen’s network infrastructure?
What was the impact of Lumen's merger with Level 3?
What is Lumen's role in cybersecurity?
How does Lumen support consumer services?
What are Lumen’s recent financial highlights?
What are some of Lumen's recent achievements?
Where can I find more information about Lumen Technologies?
How does Lumen contribute to the 4th Industrial Revolution?
