Lumen Technologies, Inc. (LUMN) has partnered with Meta Platforms, Inc. (META) to elevate the latter’s network capabilities. The expanded network will deliver a dedicated interconnection for Meta's cutting-edge infrastructure.Lumen’s Private Connectivity Fabric (PCF) is designed to supply the network capacity needed for artificial intelligence (AI) development. This initiative includes exclusive access to current and new fiber routes connecting data centers. Lumen highlighted that it will help Meta deliver ...

Lumen stock got off to a red-hot start thanks to AI news today, but it hasn't held on to those early gains.Lumen Technologies (LUMN -2.15%) stock is surging in today's trading. The telecommunications company's share price was up down 2.5% as of 2:30 p.m. ET, after having been up as much as 15.4% earlier in the day's trading.Lumen stock is making big gains following an announcement that the company has signed a new deal with Meta Platforms (META -0.63%) to provide network infrastructure and services. Through ...

Lumen's Private Connectivity Fabric℠ enables long-term network capacity for Meta's AI DENVER, Oct. 21, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and Meta are partnering to significantly increase Meta's network capacity and help drive its bold AI ambitions. The expanded network will provide dedicated interconnection for Meta's industry-leading infrastructure, strengthening and increasing the company's ability to lead in AI development. This increase in capability is another differentiator that wil ...

Assuming it does not get bought out, Lumen now has a tremendous opportunity. Three months ago, if you asked investors where telco Lumen Technologies (LUMN 0.78%) would be in five years, they might have argued about whether it would exist at all. Heavily indebted and priced like a stock headed into bankruptcy, most investors had lost faith in the company. Perceptions changed in late July when it announced a partnership with Microsoft to connect its data centers and expand its network capacity. Lumen has sinc ...

DENVER, Oct. 7, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its third quarter 2024 results on Nov. 5, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m. ET. Additional information regarding the third quarter 2024 results, including the company's earnings release, investor presentation, and related materials will be availab ...

Core Viewpoint - Lumen Technologies has experienced a significant stock increase of 374% over the past year, primarily driven by a new AI infrastructure deal with Microsoft, despite a history of declining revenues and losses [2][6]. Company Overview - Lumen Technologies, formerly known as CenturyLink, is one of the largest wireline service providers in the U.S. and has focused on expanding its wireline business through mergers and acquisitions rather than entering the wireless market [2][4]. - The company has faced a decline in annual revenue for five consecutive years, with total revenue dropping from $20.71 billion in 2020 to $14.56 billion in 2023, reflecting a revenue growth decline of 17% in 2023 [5]. Financial Performance - Lumen's adjusted EBITDA margins have decreased from 41.8% in 2020 to 31.8% in 2023, and the company reported a net loss of $10.30 billion in 2023 [5][6]. - The company is expected to generate $5 billion in new contracts related to the AI connectivity market and is in discussions for an additional $7 billion in sales opportunities [7]. Future Outlook - Analysts predict Lumen's revenue will decline to $13 billion in 2024 and further to $12.4 billion in 2025, with expectations of a gradual recovery as the macro environment improves and AI contracts contribute to revenue [8]. - Lumen plans to accelerate spending to fulfill new AI data center deals, anticipating adjusted EBITDA to decline to between $3.9 billion and $4 billion in 2024 [9]. - The company has $18.4 billion in long-term debt and a debt-to-equity ratio of 70, but expects free cash flow to improve from negative $878 million in 2023 to a positive range of $1 to $1.2 billion in 2024 [10]. Market Position - Lumen's enterprise value stands at $23.4 billion, trading at 1.8 times this year's sales and 6 times its adjusted EBITDA, which is significantly lower than peers like AT&T and Verizon [11]. - The stock's future performance is likely to be influenced by developments in its AI-oriented businesses and the overall AI market, with potential for limited downside due to investor optimism but also capped upside due to ongoing losses and high debt levels [13].

Is hype fueling Lumen Technologies, or could this be a stock worth buying right now? One stock that looked like it was dead in the water last year was Lumen Technologies (LUMN -0.74%). The telecom company had a lot of debt, suspended its dividend, its financials looked awful, and the stock had been in free fall. It looked like an incredibly risky investment to own. Although those problems remain, as with anything these days, artificial intelligence (AI) and any related news can prove to be transformative fo ...

A Buy-rated article on Lumen Technologies, Inc. (NYSE: LUMN ) was one of my first ones here at Seeking Alpha. It is definitely my best recommendation so far as an SA Author, since the Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decisions. ...

DENVER, Sept. 17, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced the early results of its offers to exchange newly-issued secured notes for certain of its outstanding unsecured senior notes. In addition, Lumen also announced the early results of the offers by Level 3 Financing, Inc., its indirect, wholly-owned subsidiary ("Level 3" and, together with Lumen, the "Issuers"), to exchange newly-issued second lien notes for certain of its outstanding unsecured senior notes. Lumen ...

One intriguing investor just placed a massive bet on Lumen stock. Lumen (LUMN 10.11%) stock posted explosive gains in Thursday's trading. The telecom company's share price closed out the daily session up 10.1%, according to data from S&P Global Market Intelligence. Lumen soared today following a new disclosure filing that was submitted to the Securities and Exchange Commission (SEC). The filing showed that an investor named Daniel Hagan now owns a large position in the company. Hagan is not a widely known p ...