Have Lumen's AI opportunities become dramatically overblown? Lumen (LUMN -14.54%) stock sank in Tuesday's trading. The company's share price ended the daily session down 14.5%, according to data from S&P Global Market Intelligence. Lumen fell today following a new short report on the stock published by Kerrisdale Capital. The short-seller revealed it had made an investment betting against the telecom company and laid out reasons it believed recent bullish momentum for the stock was unwarranted. Kerrisdale t ...

Lumen Technologies Today LUMN Lumen Technologies $6.63 +0.59 (+9.77%) 52-Week Range $0.78 ▼ $7.83 Price Target $3.74 Add to Watchlist Lumen Technologies NYSE: LUMN has experienced skyrocketing share price in the last month, making it one of the top-performing stocks based on total 30-day returns in the area of 323% as of this writing. Earlier this month, Lumen shares topped $6 for the first time since late 2022. All of this momentum has drawn investor attention to this legacy telecommunications infrastructu ...

Lumen Technologies, Inc. (LUMN) has selected Blue Planet, a division of Ciena, for its intelligent automation software to support its strategic network inventory transformation efforts. Enhanced visibility into network inventory through Blue Planet Inventory (BPI) will expedite the creation, development and support of Lumen solutions, such as Network-as-a-Service and the newly introduced Private Connectivity Fabric. Instead of depending on multiple legacy inventory systems that need continuous, expensive an ...

Warren Buffett, the famed Oracle of Omaha and longtime leader of Berkshire Hathaway Inc. NYSE: BRK.B, famously advises investors to "be fearful when others are greedy." It's easy to become swept up in investor excitement about a company, but trying to time the market is notoriously risky. Sometimes, the smartest—and safest—move is to sell shares of a company that seems to be over-hyped. Incidentally, there is no shortage of stocks with a great deal of hype. These three companies offer investors reason for p ...

Lumen Technologies (LUMN) shares have skyrocketed 236% year to date (YTD) compared with the S&P 500 composite and sub-industry's growth of 17.4% and 18.7%, respectively. What Caused the Surge? A string of recent positive developments contributed significantly to the stock price surge. Image Source: Zacks Investment Research On Aug 5, Lumen announced that it has secured $5 billion in new business deals attributed to significant AIfueled connectivity demand. Additionally, the company is actively negotiating w ...

DENVER, Aug. 19, 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 Goldman Sachs Communacopia + Technology Conference on September 9. The presentation is scheduled to begin at 7:25 p.m. ET. A live webcast link to the investor presentation will be made available on the Lumen Investor R ...

Lumen Technologies, Inc. (LUMN) has secured a three-year contract with The New Mexico Office of Broadband Access and Expansion to deliver nearly 900 miles of high-speed fiber connectivity to K-12 public schools (inclusive of tribal and charter schools) across the state. Numerous public schools throughout New Mexico are dedicated to joining the Statewide Education Network, which aims to link all schools in the state by 2027. This initiative will establish the groundwork for a statecoordinated middle-mile net ...

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Thousands of New Mexico students to benefit from classroom connectivity DENVER, Aug. 15, 2024 /PRNewswire/ -- The New Mexico Office of Broadband Access and Expansion recently selected Lumen Technologies (NYSE: LUMN) to provide nearly 900 miles of high-speed fiber connectivity to K-12 public schools around the state, including charter and tribal schools. Connecting the first school The company is participating in a ribbon-cutting ceremony today with state education and broadband officials at Albuquerque's 21 ...

It is starting to look like last week's market meltdown was not the beginning of a broad-based collapse. Although fear of a U.S. recession, concern over the melt-up in AI-powered tech stocks and the unwinding of the yen carry trade all contributed to the market turmoil, stocks quickly rebounded and the S&P 500 closed out the week largely unchanged. Still, volatile, wild market swings often signal a market top. Yet not every stock quaked when the market fell. Some companies showed remarkable resilience. Seve ...