MARKET COMPOSITE
LUMN - Lumen Technologies Inc4:08:49 PM 4/24/2024
Price
$1.29
-0.07 (-4.78%)
Lumen Technologies, Inc., a facilities-based communications company, provides various integrated services under ‘CenturyLink' name to business and residential customers in the United States and internationally. The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer. It offers IP and data services, including VPN data network, Ethernet, internet protocol (IP), and content delivery services. Lumen Technologies, Inc. also offers transport and infrastructure services comprising high bandwidth optical networks; unlit optical fiber networks, and related professional and management services; private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; colocation and data center services; and consulting services, which include network management, installation and maintenance of data equipment, and building of proprietary fiber-optic broadband networks for government and business customers. In addition, the company provides voice and collaboration services, including primary rate interface service, local inbound service, switched one-plus, toll free, long distance, and international services; and voice over internet protocol services, as well as satellite television services under DIRECTV name. Further, it offers IT and managed service that include network, hosting, public and private cloud, and other IT services, as well as intuitive management tools. Additionally, the company is involved in leasing and subleasing of space. As of December 31, 2019, it served approximately 4.7 million broadband subscribers. The company was formerly knowen as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was founded in 1968 and is headquartered in Monroe, Louisiana.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue3.5B-3%
Gross Profit1.8B-
Cost Of Revenue1.7B-6%
Operating Income-1.8B-896%
Operating Expenses3.6B-
Net Income-2B-
G&A896MM+13%
Amortization306MM+13%
Interest Expense290MM-2%
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Stock news

    With all the turbulence in the stock market at this time, it’s imperative to consider theimpact of analyst downgrades to minimize risk. Following a momentous AI-powered rally in the past year or so, the market’s taking a breather. Moreover, with inflation coming in hot this month again, expect the stock market to shed more of its gains in the near term. Hence, with all the uncertainty, investors must consider price target cuts from Wall-Street. With that said, here are three stocks with analyst

    Lumen (LUMN) highlights that the contract has a base performance period of one year, with eight one-year additional options.

    Lumen Technologies (NYSE: LUMN) recently landed a $73,616,904 contract to transform the U.S. Government Accountability Office's (GAO) network, data, voice and video connectivity so the agency can better serve Congress and the American people.

    A hot CPI report spurred a rise in long-term interest rates, hurting these three capital-constrained companies.

    As every investor would know, not every swing hits the sweet spot. But really bad investments should be rare. So spare...

    Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its first quarter 2024 results on Apr. 30, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m. ET.

    Black Lotus Labs, Lumen Technologies' (NYSE: LUMN) threat intelligence team, has identified a new multi-year campaign targeting end-of-life, or outdated small office/home office (SOHO) routers and IoT devices. An updated version of TheMoon malware has reemerged and is fueling a cybercriminal anonymity service called Faceless. Lumen has stopped all traffic to and from the infrastructures associated with TheMoon and Faceless across its global network. Small office routers continue to be a key targ

    Lumen (LUMN) now has a robust liquidity position, including $1 billion in revolving credit facility, following the successful completion of the transactions contemplated by the TSA.

    (Bloomberg) -- Lumen Technologies Inc. plans to focus on stabilizing its business after finalizing a restructuring deal with creditors that slashes its debt, its finance chief said.Most Read from BloombergNY Gears Up to Seize Trump Westchester Assets If Fraud Fine Is UnpaidBaltimore Wants to Sell Hundreds of Vacant Homes for $1 EachTrump-Tied SPAC Deal Approved, Setting Up Potential WindfallWhat Happens If Trump Can’t Post His $454 Million BondKate Middleton Says She’s Being Treated for CancerTh

    Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen" or the "Company"), a global integrated network solutions provider that unleashes the world's digital potential, today announced the successful completion of the transactions contemplated by the previously announced amended and restated transaction support agreement (the "TSA") that the Company, Level 3 Financing, Inc. ("Level 3") and Qwest Corporation entered into with certain of the Company's creditors.