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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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.
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.
Lumen Technologies (NYSE: LUMN) is set to present at the Goldman Sachs 30th Annual Communacopia Conference on September 22, 2021, at 12:25 p.m. EDT. CEO Jeff Storey will lead the presentation, which will focus on the company's advancements in technology that enhance business and community experiences. Investors can access the webcast on the Lumen Investor Relations website. Lumen operates a network of approximately 450,000 route fiber miles, serving customers in over 60 countries.
Lumen Technologies announced that Shaun Andrews, executive VP and chief marketing officer, will present at the Bank of America 2021 Media, Communications & Entertainment Conference on Sept. 13 at 10:20 a.m. EDT. The presentation will be accessible via webcast on the Lumen Investor Relations website. Lumen operates approximately 450,000 route fiber miles across over 60 countries, providing secure technology solutions to enhance business operations and customer experiences. For further information, visit their Investor Relations page.
Lumen Technologies has declared a quarterly cash dividend of 25 cents per share, payable on September 10, 2021, to shareholders of record by August 30, 2021. The ex-dividend date is August 27, 2021. This announcement reflects the company's commitment to returning value to its shareholders while continuing to deliver advanced technology solutions across approximately 450,000 route fiber miles in over 60 countries.
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