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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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.
Lumen Technologies (NYSE: LUMN) and Microsoft Corp. (NASDAQ: MSFT) have announced a strategic partnership to drive Lumen's digital transformation and expand Microsoft's network capacity for AI-driven demand. Lumen's Private Connectivity Fabric℠ will enhance Microsoft's datacenter connectivity, supporting the growing AI ecosystem. Microsoft will use Lumen's network infrastructure to meet increasing data demands and support next-generation applications.
Lumen will migrate its workloads to Microsoft Azure, use Microsoft Entra for security, and collaborate on new telecom industry solutions. This transformation is expected to improve Lumen's cash flow by over $20 million in the next 12 months. The partnership builds on their existing relationship, with Lumen already utilizing Microsoft Copilot and Teams to enhance operations.
Lumen Technologies (NYSE: LUMN) has scheduled its second quarter 2024 earnings call for August 6, 2024, at 5 p.m. ET. The company will release its quarterly results on the same day, providing detailed financial data, an investor presentation, and related materials on its Investor Relations website. As a global integrated network solutions provider, Lumen aims to harness digital potential worldwide.
Lumen Technologies (NYSE: LUMN) announced that Kate Johnson, the company's President and CEO, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024, at 12:40 p.m. ET.
The event highlights Lumen's commitment to diverse leadership in the tech industry. A live webcast of Johnson's presentation will be available on the Lumen Investor Relations website, with a replay accessible for a period following the event.
Lumen Technologies (NYSE: LUMN) announced that its executive vice president and CFO, Chris Stansbury, will present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference on May 30, 2024. The presentation will begin at 10:50 a.m. ET. A live webcast of the presentation will be accessible on Lumen's Investor Relations website, with a replay available for a period post-event.
Lumen Technologies (NYSE: LUMN) will be presenting at the 52nd Annual J.P. Morgan Global Technology, Media, and Communications Conference on May 21, 2024. Kate Johnson, the President and CEO, will represent the company in this event, which is scheduled to start at 10:10 a.m. ET.
The presentation will be accessible via a live webcast on the Lumen Investor Relations website, with a replay available for a period post-event.
Lumen Technologies (NYSE: LUMN) has appointed Chad Ho as the new executive vice president and chief legal officer, succeeding veteran executive Stacey Goff. Ho, with a proven track record in advising market-leading companies, will start his role in June. His experience includes leading legal roles at Hulu and Sabre, showcasing his ability to drive growth in the technology sector.
Lumen Technologies (NYSE: LUMN) has introduced Lumen Defender, an AI-powered threat defense tool developed in collaboration with Black Lotus Labs. The tool leverages ML algorithms to proactively block evolving cyber threats at the network edge, offering businesses an extra layer of protection. Black Lotus Labs analyzes 200 billion NetFlow sessions daily to detect cyberattacks before they can compromise network security, with recent success in identifying malware like 'Cuttlefish.' Lumen Defender works by identifying and blocking risky IP addresses, providing customers with a user-friendly web portal for threat management. The tool is currently in early access phase and will be available to all customers this summer.
Lumen Technologies, Inc. (NYSE: LUMN) reported first quarter 2024 results, including completing TSA transactions with creditors, strengthening the balance sheet, $57 million Net Income, $0.06 Earnings Per Share, $977 million Adjusted EBITDA, $1.102 billion Net Cash Provided by Operating Activities, and a reiterated full-year 2024 financial outlook.
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