Lumen Technologies, Inc. - LUMN STOCK NEWS

Lumen Technologies (NYSE: LUMN) will be represented by Mass Markets President Maxine Moreau at the 5th Annual Virtual Wells Fargo TMT Summit on December 2, 2021, starting at 1:20 p.m. EST. Investors can access the webcast through Lumen's Investor Relations website. Lumen is committed to leveraging technology to enhance the way businesses and communities operate, boasting approximately 450,000 route fiber miles and serving clients in over 60 countries.

Lumen Technologies (NYSE: LUMN) has announced a regular quarterly cash dividend of 25 cents per share. This dividend will be payable on December 10, 2021, to shareholders on record as of November 29, 2021. The ex-dividend date is set for November 26, 2021. With approximately 450,000 fiber route miles across 60 countries, Lumen aims to enhance technology's role in everyday life.

Brightspeed, launched on Nov. 17, 2021, aims to establish itself as a leading telecom provider by leveraging the ILEC assets of Lumen Technologies across 20 states. Backed by Apollo-managed funds, the company plans to invest over $2 billion to enhance connectivity through fiber optics, targeting up to three million homes over the next five years. The leadership team, including CEO Bob Mudge, boasts extensive industry experience. Brightspeed's goal is to bridge the digital divide while establishing its headquarters in Charlotte, NC.

The Lumen Technologies Q3 DDoS Report reveals significant increases in DDoS attack metrics, including a 35% rise in mitigated attacks compared to Q2. The largest bandwidth attack reached 612 Gbps, a 49% increase, while the longest attack lasted 14 days. Complex attack strategies have emerged, with 28% of multi-vector mitigations involving four different attack types. Despite a 26% decrease in unique command and control servers for major botnet families, global DDoS botnet hosts surged 45% to over 217,000.

Lumen Technologies reported third-quarter results for 2021, marking total revenue of $4.887 billion, down from $5.167 billion in the same period of 2020. Significant metrics include Free Cash Flow of $1.040 billion, an increase from $806 million a year prior, and Net Income rising to $544 million from $366 million. The company updated its financial outlook for 2021, maintaining adjusted EBITDA expectations between $8.4 billion and $8.6 billion and free cash flow projections from $3.6 billion to $3.8 billion.

Lumen Technologies (LUMN) and Cisco (CSCO) have expanded their partnership to introduce the Lumen Solutions for Cisco Unified Communications Manager Cloud. This collaboration aims to enhance remote and hybrid work environments by providing advanced, cloud-based communication solutions. Key benefits include a five-year ROI of 497%, a 62% reduction in operational costs, and a significant decrease in unplanned downtime. The solution is designed to support businesses in maximizing their existing UC&C investments without hefty capital outlays.

Lumen Technologies (NYSE: LUMN) will announce its third quarter 2021 results on November 3, 2021, at 5 p.m. ET via a live conference call. Interested parties can access the call through Lumen's Investor Relations website. Additional materials including the earnings release will be available on the same site. The audio replay of the call will start at 8 p.m. ET on November 3, and will be accessible until February 1, 2022. Lumen operates approximately 450,000 route fiber miles, providing secure technological platforms globally.

Lumen Technologies (LUMN) has been selected by the U.S. Postal Service (USPS) to enhance and modernize its network services across over 32,000 post offices and mail processing sites. This partnership will provide USPS with secure broadband, wireless access, and software-defined networking, allowing better connectivity for around 900 IT applications. The contract was awarded through a USPS multi-vendor framework, underlining Lumen's role in delivering government-grade network solutions that support essential services. This development is a significant step in optimizing USPS's performance and cost efficiency.

Lumen Technologies (NYSE: LUMN) subsidiary Black Lotus Labs has confirmed that threat actors are deploying Linux executables as stealth loaders within the Windows Subsystem for Linux (WSL). This finding, which supports a 2017 theory, marks the first documented instance of this malicious activity. Black Lotus Labs identified several Python-based malicious files that can inject payloads into running processes and noted a limited operational scope, suggesting ongoing development. To mitigate risks, Black Lotus Labs has null-routed the threat actor's infrastructure globally.