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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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.
Lumen Technologies (NYSE: LUMN) announced the appointment of Jason Lish as Chief Security Officer on April 15, 2021. Lish brings extensive experience in security leadership, previously serving as Chief Security, Privacy, and Data Officer at Advisor Group, Inc. He will oversee corporate security functions, including physical security, fraud management, and cybersecurity. Lumen's CTO, Andrew Dugan, emphasized the importance of protecting company assets to serve customers effectively. Lish's background is expected to bolster Lumen's security measures as the company supports the 4th Industrial Revolution.
Lumen Technologies (NYSE: LUMN) will release its first quarter 2021 results on May 5, 2021, with a live conference call scheduled for 5 p.m. ET. The call will be accessible on their Investor Relations website, and a replay will be available starting at 7 p.m. ET on the same day until August 3, 2021. Lumen, which operates approximately 450,000 route fiber miles in over 60 countries, focuses on providing a secure platform for applications and data to enhance business, government, and community experiences.
On April 8, 2021, Lumen Technologies announced the launch of its new Ransomware Assessment Program in response to the increasing threat of ransomware, which costs businesses about $20 billion annually. The program aims to help organizations enhance their security measures, assess vulnerabilities, and improve resilience against ransomware attacks. Key features include comprehensive assessments, ongoing remediation management, and enhanced visibility through regular reporting. This initiative addresses the growing demand for robust cybersecurity solutions as ransomware incidents continue to rise.
T-Mobile (NASDAQ: TMUS) and Lumen Technologies (NYSE: LUMN) are enhancing their collaboration to integrate T-Mobile's 5G network with Lumen's Edge Computing platform. This partnership aims to enable enterprises to build and scale applications across numerous locations, leveraging Lumen's fiber network and T-Mobile’s connectivity. As a result, T-Mobile will serve as Lumen's preferred wireless connectivity partner, ensuring enterprises benefit from a more flexible and reliable network solution.
Lumen Technologies' Black Lotus Labs has identified a series of watering hole attacks targeting Ukrainian and Canadian websites, dating back to 2019-2020. Visitors to compromised sites could unknowingly have their Windows authentication credentials stolen. This type of attack involves injecting malicious JavaScript that prompts victims' devices to submit sensitive data to an external server. In response, Black Lotus Labs has notified the affected website owners to mitigate risks. The findings are linked to similar tactics used in a notable incident involving the San Francisco International Airport's website in April 2020.
Lumen Technologies (NYSE: LUMN) will host a virtual Analyst Day on April 7, at noon ET. The event will feature President and CEO Jeff Storey and senior leadership, discussing the company's growth strategy and the Lumen platform. The session is expected to last about two hours. Investors can access the webcast information on Lumen's Investor Relations website. Lumen operates around 450,000 route fiber miles and serves customers across 60 countries, delivering secure applications and data solutions.
Lumen Technologies (NYSE: LUMN) has been recognized as a Leader in the March 2021 Gartner Magic Quadrant for Network Services, Global. This accolade highlights Lumen's ability to execute and its comprehensive vision in network services, with advancements in their platform that supports businesses in the 4th Industrial Revolution. Key product offerings include Edge Cloud solutions, a digital buying experience for network and security services, and enhancements in SD-WAN. Lumen's adaptive network effectively met pandemic-related business demands, ensuring data security and continuity.
Lumen Technologies (NYSE: LUMN) will be presenting at the Morgan Stanley 2021 Technology, Media and Telecom Conference on March 4, 2021, at 12:30 p.m. ET. Laurinda Pang, the president of global customer success, will represent the company. Investors can access the webcast of the presentation via Lumen's Investor Relations website. Lumen, with a network of approximately 450,000 route fiber miles, serves customers across more than 60 countries, focusing on enhancing technology to improve experiences.
Lumen Technologies Inc. (NYSE: LUMN) has appointed Quincy L. Allen to its board of directors, effective immediately. Allen brings over 35 years of experience in the technology services industry, with roles at IBM, Unisys, and Xerox. His expertise spans marketing, strategy, and innovation. The board believes Allen's leadership will enhance Lumen's position as a technology leader. Following his appointment, the board now has 12 members. Allen qualifies as an independent director under NYSE standards.
Lumen Technologies (NYSE: LUMN) has declared a quarterly cash dividend of 25 cents per share. This dividend is set for payment on March 19, 2021, to shareholders recorded by the close of business on March 8, 2021. The ex-dividend date is March 5, 2021. With approximately 450,000 route fiber miles and service in over 60 countries, Lumen aims to enhance technological advancements for enhanced experiences in various sectors.
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