通信行业周报 股 票 研 究 股票研究 /[Table_Date] 2026.02.07 北美云厂商业绩超预期，关注 CPO 及产业链公司投资机会 通信设备及服务 [Table_Industry] | | | | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 余伟民(分析师) | 010-50949926 | yuweimin@gtht.com | S0880525040028 | | 王彦龙(分析师) | 010-83939775 | wangyanlong@gtht.com | S0880519100003 | 本报告导读： 北美云厂商接连发布最新财报，海外光通信公司 CPO 及 OCS 业务进展迅速，谷歌、 亚马逊 26 年资本开支指引进一步扩大，继续看好 AI 算力产业链方向。 投资要点： [Table_Report] 相关报告 通信设备及服务《光纤光缆供不应求，看好涨价 趋势》2026.02.05 通信设备及服务《光纤行业涨价趋势明确，关注 cpo 和光互联投资机会》2026.02.03 通信设备及服务《基金持仓占比 ...

Shares of fiber network giant Lumen Technologies (NYSE: LUMN) rocketed 29.2% on Friday. It was a big comeback for the stock, which had been decimated after its fourth-quarter earnings release on Tuesday afternoon. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Today, the company disclosed that CEO Kate Johnson took the post-earnings sell-off as an opportunity to buy a cool half-mill ...

Lumen's stock soars after a purchase by the CEO, who has a good track record - MarketWatch# Lumen's stock soars after a purchase by the CEO, who has a good track record## After the telecommunications stock suffered its worst drop in years, CEO Kate Johnson bought the dip. Some of her past insider purchases have proved very well timed.Published: Feb. 6, 2026 at 12:34 p.m. ETShareResize---Listen(3 min)Lumen CEO Kate Johnson saw a buying opportunity in the telecommunications stock's sharp selloff this week. Ph ...

Key Takeaways LUMN delivered Q4 adjusted EPS of 23 cents, above expectations, despite an 8.7% year-over-year revenue drop.Amid AI-fueled connectivity demand, LUMN secured $13B in PCF deals with $41M recognized in Q4 revenues.LUMN cut debt by over $5B since January 2025 after asset sales and refinancing, lowering interest expense.Lumen Technologies, Inc. (LUMN) reported a fourth-quarter 2025 adjusted earnings (excluding special items) of 23 cents per share, which was significantly higher than the Zacks Conse ...

Lumen Technologies, Inc. ( LUMN ) reported a 4Q25 non-GAAP EPS of $0.23, beating analyst expectations by about $0.50. Revenue, however, came in at $3.04 billion, declining about 8.7% year-over-year but still landing in line with consensus estimates. I think this earnings beat reflects some muchI hold a Master’s degree in Cell Biology and began my career working for several years as a lab technician in a drug discovery clinic, where I gained extensive hands-on experience in cell culture, assay development, a ...

Group 1 - The author has been active in the markets for several years, focusing primarily on long/short equities [1] - The author holds a Bachelor of Science Degree from Lehigh University, majoring in Finance and Accounting, with a minor in History [1] - The author has experience managing portfolios, including serving as the Head Portfolio Manager of the Investment Management Group at Lehigh University [1] Group 2 - The article emphasizes the importance of conducting proper due diligence before making any investment decisions [3] - Investors are encouraged to seek advice from brokers or financial advisers when considering investments [3] - The article states that past performance is not indicative of future results, highlighting the uncertainty in investment outcomes [4]

Core Insights - Lumen reported a revenue of $3.04 billion for Q4 2025, reflecting an 8.7% year-over-year decline, while EPS increased to $0.23 from $0.09 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $3.08 billion, resulting in a surprise of -1.4%, but the EPS exceeded expectations with a surprise of +209.52% compared to the consensus estimate of -$0.21 [1] Financial Performance Metrics - Total Business Segment Revenue was $2.43 billion, below the estimated $2.47 billion, marking an 8.8% decline year-over-year [4] - Total Mass Markets Revenue reached $616 million, slightly below the estimated $617.38 million, with an 8.1% year-over-year decrease [4] - Wholesale Business Segment Revenue was $661 million, compared to the estimated $672.36 million, reflecting a 7.7% decline year-over-year [4] - International and Other Revenue totaled $77 million, below the estimated $85.7 million, showing a significant year-over-year decline of 16.3% [4] - Mid-Market Enterprise Revenue was $472 million, slightly below the estimated $483.11 million, but showed a year-over-year increase of 4.4% [4] - Public Sector Revenue was $457 million, below the estimated $485.35 million, representing a 17.5% decline year-over-year [4] - Large Enterprise Revenue reached $758 million, exceeding the estimated $740.71 million, but still reflecting a 10.3% year-over-year decline [4] Stock Performance - Lumen's shares have returned +18% over the past month, outperforming the Zacks S&P 500 composite, which saw a +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Lumen (LUMN) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of a loss of $0.21 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +209.52%. A quarter ago, it was expected that this telecommunications would post a loss of $0.31 per share when it actually produced a loss of $0.2, delivering a surprise of +35.48%.Over the last four quarters, the ...

Lumen Technologies (NYSE:LUMN) Q4 2025 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsBatya Levi - Managing DirectorChris Stansbury - CFOFrank Louthan - Managing DirectorJim Breen - SVP of Investor RelationsKate Johnson - President and CEOMichael Funk - SVPMichael Ng - Managing DirectorMichael Rollins - Managing DirectorNick Del Deo - Managing DirectorSam McHugh - Managing DirectorConference Call ParticipantsGregory Williams - Director and Senior Equity Research AnalystSebastiano Petti - Se ...

Lumen Technologies (NYSE:LUMN) Q4 2025 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsBatya Levi - Managing DirectorChris Stansbury - CFOFrank Louthan - Managing DirectorJim Breen - SVP of Investor RelationsKate Johnson - President and CEOMichael Funk - SVPMichael Ng - Managing DirectorMichael Rollins - Managing DirectorNick Del Deo - Managing DirectorSam McHugh - Managing DirectorConference Call ParticipantsGregory Williams - Director and Senior Equity Research AnalystSebastiano Petti - Se ...