Lumen Technologies reported its fourth-quarter 2024 earnings on February 4th, showcasing a notable financial turnaround that has caught the attention of investors. The telecommunications company posted a net income of $85 million, a significant improvement from the $1.995 billion net loss in the same quarter of the previous year. This positive shift was largely attributed to the absence of a $1.9 billion no
Lumen Technologies (LUMN) maintains a "Neutral/High Risk" rating from Citi, with a target price of $8, reflecting a strategic focus on expanding its addressable market through connectivity services and potential asset sales. The recent meeting with Lumen's CFO and SVP of IR highlighted the company's efforts to modernize its product offerings and streamline operations, aiming for a $1 billion annual cost red
Lumen Technologies, Inc. (LUMN) saw its stock rise by 5.65% to close at $5.61 on January 2, 2025, following the announcement of its new AI-powered platform designed to enhance efficiency for LGT Private Banking employees. This platform, which is being rolled out globally, aims to streamline workflows and improve operational efficiency for approximately 5,000 employees, boosting investor confidence. Addition
Lumen Technologies (LUMN) stock is experiencing an uptick today, driven by positive developments in its AI-powered platform, Lumen, which was announced on January 2, 2025. The platform, designed to enhance efficiency for LGT Private Banking employees, is being rolled out globally, impacting around 5,000 employees. This innovative platform aims to streamline workflows and improve operational efficiency by le
Lumen Technologies (LUMN) stock is experiencing an uptick today, potentially driven by broader industry trends and developments. A recent report highlights that telecommunications companies, including Lumen, are expected to benefit significantly from the sale of decommissioned copper cables. As the industry transitions to full-fiber broadband and wireless technology, the sale of copper is projected to gener
Lumen Technologies (LUMN) is experiencing a rise in its stock price today, potentially driven by broader industry trends and developments. A recent report highlights that telecommunications companies, including Lumen, are expected to benefit from a significant windfall as they decommission legacy copper lines. The forecast suggests that operators could collectively earn over $10 billion from copper sales ov
Lumen Technologies, Inc. (LUMN) has not been the subject of any recent news that would explain its stock movement today. However, discussions on Reddit provide some insights into investor sentiment and past experiences with the stock. One user shared their regret over selling Lumen shares too early, stating, "Had about 5000 shares of Lumen (LUMN) with a cost basis of ~$1.30. Sold at about $2.50 when the sto
Lumen Technologies (LUMN) is experiencing a rise in its stock price today, driven by increased investor optimism and a surge in call option volume. Investors are showing bullish sentiments, particularly with call options for January 25th expiration dates at strike prices of $8 and $5, indicating expectations of further upward movement in the stock. This optimism is likely fueled by Lumen's strategic focus o
Lumen Technologies (LUMN) is experiencing a rise in its stock price today, driven by the company's strategic partnerships and growing demand for its private connectivity fabric (PCF) solutions. Lumen has been capitalizing on the AI-driven demand for its digital offerings, securing significant deals with tech giants like Google Cloud and Amazon Web Services. These collaborations are enhancing Lumen's network
Lumen Technologies, Inc. (LUMN) has not been influenced by any significant news today, leaving its stock price unchanged. However, discussions on Reddit have been active, with users speculating about the company's future prospects. One user mentioned coming across news about a partnership with the Seattle Seahawks, sparking curiosity about potential stock volatility as the NFL season progresses. The user, i
Lumen Technologies (LUMN) saw its stock price decline by 7.14% on December 9, 2024, closing at $6.50, down from the previous close of $7.00. The stock opened at $7.00 and reached a high of $7.12 before dropping to a low of $6.45 during the trading session. The trading volume was 9,898,790, which is about 60% of the average daily volume, indicating a relatively subdued trading day. The decline in Lumen's sto
Lumen Technologies (LUMN) is experiencing a decline in its stock price today, which may be attributed to a lack of significant positive catalysts and ongoing concerns about the company's financial health. Despite recent strategic partnerships and efforts to expand its fiber network, Lumen has been grappling with negative earnings per share in four of the last five quarters, as highlighted in recent analyses
Lumen Technologies (LUMN) stock is experiencing a decline today, which may be attributed to negative sentiment from influential market commentators. On December 9th, Jim Cramer, a well-known financial analyst, advised against investing in Lumen Technologies, suggesting that the stock had risen too much and was likely to continue its downward trend. This negative outlook from a prominent figure in the financ
Lumen Technologies (LUMN) saw its stock price rise by 8.19% to close at $7.00 on December 6, 2024, following a day of heightened investor interest and strategic developments. The stock opened at $6.58 and reached a high of $7.01, with trading volume at 12,297,891 shares, about 74.10% of its average daily volume. A significant driver of this upward movement was the substantial increase in holdings by Quadrat
Lumen Technologies (LUMN) is experiencing a notable uptick in its stock price today, driven by increased investor interest and strategic developments. A significant factor contributing to this rise is the recent substantial increase in holdings by Quadrature Capital Ltd, which raised its position in Lumen by 248.2% during the third quarter. This move, disclosed in a recent SEC filing, indicates growing conf
Lumen Technologies (LUMN) shares are experiencing an uptick today, potentially influenced by a significant increase in institutional investment. Quadrature Capital Ltd has notably increased its stake in Lumen Technologies by 248.2% during the third quarter, as disclosed in a recent SEC filing. This substantial purchase of 364,375 additional shares, bringing their total to 511,162 shares, may be boosting inv
Lumen Technologies (LUMN) shares are experiencing an uptick today, driven by a significant increase in institutional investment. Quadrature Capital Ltd has notably increased its stake in Lumen by 248.2% during the third quarter, as revealed in a recent SEC filing. This move has bolstered investor confidence, suggesting a positive outlook for the company's future performance. Additionally, Lumen's recent int
Lumen Technologies (LUMN) shares are experiencing an uptick today, likely influenced by recent institutional interest. Quadrature Capital Ltd significantly increased its stake in Lumen Technologies by 248.2% during the third quarter, as disclosed in a recent 13F filing. This substantial acquisition of 364,375 additional shares, bringing their total to 511,162 shares, may have bolstered investor confidence i
Lumen Technologies, Inc. (LUMN) has been a topic of discussion on Reddit forums today, with users expressing curiosity about the stock's recent performance. Despite having strong partnerships, some users are puzzled by the stock's current dip. One user commented, "Welcome to the roller coaster. So the new sold. However, there is no cash flow yet. Once the cash flow comes in from the deals and they demonstra
Lumen Technologies (LUMN) saw its stock price decline by 2.37% on December 4, 2024, closing at $6.58, down from the previous close of $6.74. The stock opened at $6.75 and reached a high of $6.89 before dipping to a low of $6.57. The trading volume was 14,726,241 shares, which is 87.62% of the average daily volume. The decline in Lumen's stock price can be attributed to the ongoing cyberattack affecting majo