STOCK TITAN

Lumen Technologies, Inc. - LUMN STOCK NEWS

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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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.

Rhea-AI Summary

Lumen Technologies (NYSE: LUMN) announced the sale of $1.0 billion in unsecured 5.375% Senior Notes due 2029. The notes will mature on June 15, 2029, and are priced to investors at par. The company plans to use proceeds, along with cash on hand, for general corporate purposes, particularly to repay its existing 6.45% Senior Notes due 2021 at maturity. The offering is expected to close on June 15, 2021. The 2029 Notes will not be registered under the Securities Act and are offered only to qualified institutional buyers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
Tags
none
-
Rhea-AI Summary

Lumen Technologies (NYSE: LUMN) plans to offer $1.0 billion of fixed-rate, unsecured Senior Notes in a private offering, pending market conditions. Proceeds will be utilized for general corporate purposes, including repaying its 6.45% Senior Notes due in 2021. The offering is limited to qualified institutional buyers and non-U.S. persons outside the U.S. The New Notes will not be registered under the Securities Act, indicating a private placement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
-
Rhea-AI Summary

Lumen Technologies (NYSE: LUMN) will participate in three upcoming virtual investor conferences. Maxine Moreau will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26 at 5:10 p.m. EDT. Shaun Andrews will present at both the Cowen 49th Annual Technology, Media & Telecom Conference on June 3 at 10:30 a.m. EDT and Wells Fargo Virtual Media & Telco Day on June 7 at 1:15 p.m. EDT. Further webcast details are available on the Lumen Investor Relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
conferences
Rhea-AI Summary

Lumen Technologies (LUMN) has declared a regular quarterly cash dividend of 25 cents per share, payable on June 11, 2021. Shareholders of record as of the close of business on June 1, 2021 will be eligible for this dividend. The ex-dividend date is set for May 28, 2021. This announcement underscores Lumen's commitment to providing returns to its shareholders while reinforcing its position in the technology sector with a robust fiber network spanning approximately 450,000 route miles across more than 60 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
dividends
-
Rhea-AI Summary

Lumen Technologies (NYSE: LUMN) released its Q1 2021 DDoS report, highlighting the evolving complexity and frequency of DDoS attacks. The report reveals 700 active Command and Control servers from well-known IoT botnets like Gafgyt and Mirai, impacting 28,000 victims. Key findings include a largest DDoS attack at 268 Gbps and multi-vector mitigations comprising 41% of all defenses. The finance, software, and government sectors were the top targets. Lumen emphasizes the importance of DDoS defenses as organizational dependencies on applications grow.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
-
Rhea-AI Summary

On May 18, 2021, Lumen Technologies reported that 73% of retail leaders view Edge computing as a key investment, with 47% planning to invest within a year. The technology enhances digital experiences on sales floors and online, improving data access speed and security. A survey indicates that 83% of retailers expect real-time data access, crucial for customer engagement and operational efficiency. The rise in U.S. consumer confidence presents a growth opportunity, as retailers increasingly look to Edge computing to meet evolving digital demands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
Rhea-AI Summary

Lumen Technologies (NYSE: LUMN) announced the award of a 12-year task order to provide secure high-speed connectivity and managed network services to the U.S. Navy Judge Advocate General (JAG) Corps. The contract, with a one-year initial term and 11 optional years, is part of the $50 billion Enterprise Infrastructure Solutions program. Lumen will use software-defined wide area networking (SD-WAN) and security services to support 20 Navy JAG sites across the continental U.S. This initiative aims to enhance operational efficiency for Navy legal solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
none
-
Rhea-AI Summary

Lumen Technologies, Inc. (NYSE: LUMN) reported first-quarter 2021 results with total revenue of $5.029 billion, down from $5.228 billion in Q1 2020. Despite revenue declines across segments, the company achieved solid Adjusted EBITDA of $2.157 billion and Free Cash Flow of $809 million, significantly up from $325 million in the previous year. Lumen reiterated its 2021 financial outlook, expecting Free Cash Flow between $2.8 to $3.0 billion and Adjusted EBITDA at $8.4 to $8.6 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.17%
Tags
none
-
Rhea-AI Summary

Lumen Technologies (LUMN) highlights the growing importance of edge computing in manufacturing, as revealed by IDC Research. The study shows that 74% of operational data will be processed on-site, enhancing factory efficiency. Edge computing is crucial for overcoming challenges like latency and security in industrial operations, thus fostering better data-driven decision-making. Lumen's solutions help manufacturers streamline processes through real-time asset tracking and predictive maintenance. The shift towards automation and data reliance marks a pivotal transformation in the manufacturing sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
none

FAQ

What is the current stock price of Lumen Technologies (LUMN)?

The current stock price of Lumen Technologies (LUMN) is $8.54 as of November 15, 2024.

What is the market cap of Lumen Technologies (LUMN)?

The market cap of Lumen Technologies (LUMN) is approximately 8.6B.

What is Lumen Technologies, Inc.?

Lumen Technologies, Inc. (NYSE: LUMN) is a global telecommunications and technology company specializing in enterprise and consumer communication services.

What services does Lumen offer?

Lumen provides a range of services including colocation and data center services, data transportation, end-user phone and internet services, and cybersecurity solutions.

How extensive is Lumen’s network infrastructure?

Lumen operates one of the largest telecommunication networks in the U.S. with 450,000 route miles of fiber.

What was the impact of Lumen's merger with Level 3?

The merger helped Lumen shift its focus from legacy consumer business to enterprise services, now generating about 75% of its revenue from enterprise clients.

What is Lumen's role in cybersecurity?

Lumen is a leader in cybersecurity, using AI and machine learning to provide comprehensive threat intelligence and mitigation services through its Black Lotus Labs.

How does Lumen support consumer services?

Lumen provides broadband and phone services across 37 states, serving over 4.5 million broadband customers.

What are Lumen’s recent financial highlights?

Lumen reported $3.290 billion in revenue for Q1 2024 and has significantly improved its liquidity and debt maturity profile following a major restructuring.

What are some of Lumen's recent achievements?

Recent achievements include securing a $73.6 million contract with the U.S. GAO and launching Lumen Defender, an AI-driven cybersecurity tool.

Where can I find more information about Lumen Technologies?

You can visit Lumen’s official website at www.lumen.com for more information about their services and latest news.

How does Lumen contribute to the 4th Industrial Revolution?

Lumen contributes by offering flexible, intelligent, secure, and collaborative solutions that help businesses transform how they acquire, analyze, and act on data.

Lumen Technologies, Inc.

NYSE:LUMN

LUMN Rankings

LUMN Stock Data

8.58B
1.01B
7.57%
65.87%
6.51%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
MONROE