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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Lumen Technologies

Lumen Technologies, Inc. is an investment holding company, which engages in the provision of integrated communications to residential and business customers. It operates through the following segments: Business and Mass Markets. Business segment provides products and services under four sales channels to enterprise and commercial customers. Mass Markets segment focuses on consumer and small business customers. The company was founded in 1930 and is headquartered in Monroe, LA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lumen Technologies plans growth strategy amidst revenue challenges

Lumen Technologies aims to pivot towards growth in 2023 by focusing on customer obsession, innovation, and go-to-market enhancements.
The company is strategically aligning actions with its mission statement, simplifying operations, and investing in technology and leadership for performance.
Despite challenges in revenue stability and macroeconomic influences, Lumen's focus on growth initiatives and operational improvements positions it for future success.

Lumen Technologies reports Q1 decline, focuses on innovation and growth

Lumen Technologies faced challenges with declining financial metrics but showcased innovation and growth in enterprise sales.
The company is focused on simplifying operations, reducing debt, and building a culture of trust and diversity.
Future opportunities lie in executing growth initiatives, digitizing assets, and optimizing costs for a turnaround.
Analysts raised questions about customer conversations, sales trends, and the Quantum Fiber deployment progress.

Lumen Technologies reports growth in customer migration and financial improvements

Lumen Technologies showcased progress in customer migration and financial improvements despite revenue declines.
The company's focus on driving commercial excellence and introducing innovations positions it for growth.
Challenges include addressing upcoming debt maturities and ongoing efforts in simplification and debt structure.
Excitement about initial results and opportunities for improvement in sales platforms and marketing efforts.

Lumen Technologies repositions for growth amidst Q3 financial challenges

Lumen Technologies navigates challenges with strategic divestitures and debt restructuring while focusing on operational improvements and innovation for growth. Q3 results impacted by divestitures, but outlook positive with sustained revenue improvement expected in mid-2024.

Lumen Technologies resilient in Q4, eyes digital growth opportunities

Lumen Technologies showcased resilience in Q4 with strategic progress and focus on commercial excellence.
The company faces challenges in revenue variability across segments but sees opportunities in digital services and industry consolidation.
Overall, Lumen's performance reflects a balanced approach to growth, operational efficiency, and maximizing asset value.

Lumen Technologies reports Q1 growth amidst revenue challenges and innovation

Lumen Technologies showcased resilience in Q1 with revenue growth, strong enterprise sales, and innovative solutions. While facing revenue challenges, the company is focused on reshaping its business, driving customer adoption, and launching new security services. Opportunities in high-capacity network services and digital growth are key focus areas for Lumen.

Lumen Technologies reports Q2 revenue decline, eyes AI network growth

Lumen Technologies is navigating revenue declines with a focus on operational efficiency, strong partnerships, and growth in key segments like fiber broadband.
Challenges include managing cash flow, balancing revenue growth with ongoing investments, and overcoming short-term EBITDA fluctuations.
Opportunities lie in future deals, network expansion for AI support, and strategic partnerships to drive revenue and EBITDA growth in the long term.

Lumen Technologies excels in digital transformation amid revenue challenges

Lumen Technologies showcased strong operational and financial performance in Q3 2024, despite revenue declines from legacy businesses.
The company's focus on digital transformation, AI backbone, and strategic partnerships positions it well for future growth and innovation.
While facing challenges in revenue growth and meeting financial targets, Lumen has opportunities to capitalize on digital revenue growth and the AI economy.

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Lumen announced a partnership with Corning Incorporated to supply fiber for its growth plans. It also announced a recent partnership with Microsoft.

Lumen Technologies Stock Went to the Moon This Week. Here's Why

Lumen stock's value briefly increased by more than a third today. The company's share price soared after a new deal for fiber-optic cable with Corning was announced.

Why Lumen Stock Skyrocketed Again Today but Then Lost Most of Its Gains

Corning

Agreement reserves 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Agreement will more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies CORNING, N.Y. and DENVER , Aug. 1, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced an agreement with Corning Incorporated (NYSE: GLW) for a substantial supply of next-generation optical cable.

Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands

Lumen Technologies stock saw a significant 5-day move, sparking speculation of small-cap rotation, successful turnaround, or a potential acquisition. New CEO Kate Johnson has successfully reduced debt, improved debt maturity profile, and initiated partnerships with Microsoft and Corning. The investment thesis on LUMN stock includes turnaround potential, small-cap rotation strategy, and asset play with possible acquisition, with a fair value of $5-$6 per share.

Lumen Technologies Stock: Recent Price Spike Begs Questions

DENVER , July 31, 2024 /PRNewswire/ --  Lumen Technologies  (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chris Stansbury, Lumen's executive vice president and chief financial officer, will present at the Citi Global Technology, Media and Telecom Conference on September 4, 2024. The presentation is scheduled to begin at 12:30 p.m.

Lumen Technologies to Present at the Citi Global Technology, Media and Telecom Conference

Investors are cheering a new fiber supply deal that could grow the company's network. A short squeeze may have helped the bounce in shares today.

Why Lumen Technologies Stock Jumped 77.3% Today

Lumen Technologies, Inc. LUMN has teamed up with Microsoft to boost its enterprise-wide digital transformation through the latter's cloud and AI technologies.  By leveraging Microsoft's cloud and AI technologies, Lumen aims to cut technology costs, eliminate outdated systems and silos, upgrade its services and develop new solutions for its global clients.

Lumen (LUMN) to Use Microsoft Cloud to Boost Transformation

DENVER , July 25, 2024 /PRNewswire/ --  Lumen Technologies  (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Satish Lakshmanan, Lumen's executive vice president and chief product and strategy officer, will present at the TD Cowen 10th Annual Communications Infrastructure Summit on August 13, 2024. The presentation is scheduled to begin at 5:40 p.m.

Lumen Technologies to Present at the TD Cowen 10th Annual Communications Infrastructure Summit

Microsoft

Microsoft will use Lumen Technologies' network equipment to expand its capacity for AI workloads, the companies said on Wednesday, as the technology giant looks to meet growing demand at its data centers.

Microsoft aims to boost AI workload capacity with Lumen Technologies partnership

Lumen's Private Connectivity Fabric℠ expands Microsoft's network capacity and capability to support rising demand on datacenters. Microsoft Azure to further accelerate Lumen's enterprise-wide digital transformation and drive AI initiatives across the organization and save tens of millions of dollars.

Microsoft and Lumen Technologies partner to power the future of AI and enable digital transformation to benefit hundreds of millions of customers

AT&T

FRANKLIN, La.--(BUSINESS WIRE)--Two cities and a southern Louisiana parish have filed a proposed class action lawsuit against AT&T (NYSE:T) and Lumen Technologies (NYSE: LUMN), alleging that the companies failed to remove lead-wrapped telecommunications cables that have contaminated soil and groundwater in the region. The litigation filed in state district court on behalf of St. Mary Parish, the cities of New Iberia and Franklin, and affected individuals claims that the companies have known.

Burns Charest: Communities File Class Action Claiming Contamination from Telecom Giants' Toxic Lead Cables

NEW YORK--(BUSINESS WIRE)--CCMP Growth Advisors, LP (“CCMP Growth”), a growth-oriented middle-market private equity firm, today announced the successful final close of CCMP Capital Investors IV, LP, together with its parallel fund vehicles (“CCMP IV”), in excess of its fundraising target of $500 million in aggregate capital commitments. CCMP IV is solely focused on investing in high-growth, middle-market companies in the North American Consumer and Industrial sectors, often in partnership with.

CCMP Growth Closes Fund in Excess of Targeted $500 Million of Commitments

Lumen Technologies, Inc.'s share price has fallen rapidly over the last few quarters following underperformance and disappointing guidance. Lumen holds a sizeable asset portfolio worth more than double the current market cap even at a conservative M&A premium. With downside risks mitigated and a price target of $1.22, I have raised my rating from sell to buy.

Lumen Technologies Undervalued Even Without Turnaround (Rating Upgrade)

DENVER , July 9, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its second quarter 2024 results on August 6, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m.

Lumen Technologies sets second quarter 2024 earnings call date

Goldman Sachs recently initiated coverage on Lumen stock with a sell rating. Goldman's one-year price target on Lumen stock implies further downside of 7% for the stock.

Why Lumen Stock Gained After Big Volatility Today

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lumen Technologies, Inc. (NYSE: LUMN) on behalf of long-term stockholders following a class action complaint that was filed against Lumen on March 3, 2023 with a Class Period from September 14, 2020 to February 7, 2023. Our investigation concerns whether the board of directors of Lumen have breached their fiduciary duties to the company.

LUMEN ALERT: Bragar Eagel & Squire, P.C. is Investigating Lumen Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Lumen Technologies, Inc. (NYSE:LUMN ) 2nd Annual UBS Women in Tech Summit Conference Call June 11, 2024 12:40 PM ET Company Participants Kate Johnson - President and Chief Executive Officer Conference Call Participants Batya Levi - UBS Batya Levi Great. Thanks, everyone, for joining.

Lumen Technologies, Inc. (LUMN) 2nd Annual UBS Women in Tech Summit Conference - (Transcript)

DENVER , June 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024. The presentation is scheduled to begin at 12:40 p.m.

Lumen Technologies to Present at the 2nd Annual UBS Women in Tech Summit

Lumen Technologies has improved its recovery prospects by extending debt maturities and by confirming a positive free cash flow forecast for the current year. The company's broadband business, particularly fiber, is experiencing strong momentum and contributing significantly to revenue. Lumen's success in pushing out maturities has caused a stabilization of the telecom's share price.

Lumen: Attractive Speculative Setup (Rating Upgrade)

Lumen Technologies, Inc. (NYSE:LUMN ) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 10:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Greg Williams - TD Cowen Greg Williams Let's get started. Good morning.

Lumen Technologies, Inc. (LUMN) TD Cowen 52nd Annual Technology, Media & Telecom Conference (Transcript)

DENVER , May 23, 2024  /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chris Stansbury, Lumen's executive vice president and chief financial officer, will present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference on May 30, 2024. The presentation is scheduled to begin at 10:50 a.m.

Lumen Technologies to Present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference

Lumen Technologies, Inc. (NYSE:LUMN ) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 10:00 AM ET Company Participants Kate Johnson - President & CEO Conference Call Participants Sebastiano Petti - J.P. Morgan Sebastiano Petti Hi, good morning, everyone.

Lumen Technologies, Inc. (LUMN) JPMorgan Global Technology, Media and Communications Conference - (Transcript)

DENVER , May 14, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024.

Lumen Technologies to Present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference

Ho to Succeed Veteran Executive Stacey Goff DENVER , May 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced it has appointed Chad Ho as executive vice president and chief legal officer. His appointment will begin in June.

Lumen Appoints Chad Ho as Executive Vice President and Chief Legal Officer

Lumen Technologies Inc.'s chief executive continues to be a buyer of her company's stock, scooping up nearly $1 million worth in the wake of the latest earnings report.

News for Lumen Technologies Stock (LUMN)