DENVER, Jan. 14, 2025 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will publish its fourth-quarter financial results following market close on Feb. 4, 2025. A live broadcast of the earnings conference call will be available on the company's Investor Relations page at 5 p.m. ET. Additional information regarding the fourth quarter and fiscal year 2024 financial highlights, including the company's earnings release, ...

Price Performance - LUMN stock closed at $5 36, trading 48 1% below its 52-week high of $10 33 [2] - The stock has experienced a sharp rally of 237% over the past year but is now showing signs of volatility [2] - LUMN shares have slipped 13 7% in the past month compared to the S&P 500's decline of 4 1% and the sub-industry's decline of 8 5% [17] Financial Performance and Guidance - LUMN expects 2025 EBITDA to be below 2024 levels due to transformation costs and higher startup costs for PCF sales [3] - The company anticipates a significant EBITDA rebound in 2026 and growth thereafter [3] - LUMN raised its 2024 free cash flow guidance to $1 2-$1 4 billion from the previous range of $1-$1 2 billion [8] - For 2024, LUMN expects adjusted EBITDA in the range of $3 9-$4 billion and capital expenditures between $3 1 billion and $3 3 billion [19] Debt and Cost Management - LUMN has a significant debt load with $18 142 billion in long-term debt as of Sept 30, 2024, compared to $18 411 billion as of June 30, 2024 [4] - The company is targeting $1 billion in cost savings by the end of 2027 through infrastructure simplification and product portfolio reduction [12] Business Developments - LUMN has secured $3 billion in incremental PCF deals, bringing the total to $8 billion in new PCF sales since June 2024 [7] - The company has inked deals with tech giants like Microsoft, Amazon, Google Cloud, and Meta Platforms to provide network capabilities for AI innovation [8] - LUMN added 43,000 Quantum Fiber subscribers, reaching a total of 1 million in the reported quarter [11] - The company added 131,000 Fiber broadband-enabled locations in Q3 2024, with a total of 4 million enabled locations as of Sept 30, 2024 [11] Market Sentiment and Valuation - LUMN is trading below its 50-day and 100-day moving averages, indicating a bearish sentiment among analysts [6][15] - The stock is trading at a trailing 12-month price-to-sales ratio of 0 4, significantly below the industry average of 9 71 [13] Challenges and Risks - LUMN's total revenues declined 11 5% year over year to $3,211 million in Q3 2024 due to divestitures and the sale of the CDN business [18] - The company continues to face weakness in its legacy business, which is expected to strain top-line expansion in the near term [18] - Incremental costs from expanding new business, particularly PCF sales, are expected to pressure margins [19]

Lumen Technologies, Inc (LUMN) is looking to offload the consumer fiber business as the company phases out its legacy mass markets business and strives to reduce debt load, according to a report from Reuters. Citing sources familiar with the matter, Reuters added that Lumen has sought assistance from Goldman Sachs to understand interest from potential buyers (including the company’s rivals) for its fiber unit. Further, LUMN might just sell a stake or get into a joint venture deal with a partner.Citing sourc ...

Lumen Technologies, Inc. (LUMN) and Prometheus Hyperscale have collaborated to enhance connectivity for its energy-efficient data centers. This partnership addresses the surging demand for artificial intelligence (AI), big data and cloud computing while tackling environmental challenges within the AI industry. It underscores a shared commitment to innovation and environmental responsibility, setting a benchmark for the future of AI-driven data centers.Prometheus Hyperscale is implementing Lumen's Private Co ...

Lumen® Private Connectivity Fabric℠ will expand Prometheus' network capacity across its growing data center footprintDENVER, Dec. 17, 2024 /PRNewswire/ -- Prometheus Hyperscale has chosen Lumen Technologies (NYSE: LUMN) to connect its energy-efficient data centers to meet growing AI data demands. Lumen network services will help Prometheus with the rapid growth in AI, big data, and cloud computing as they address the critical environmental challenges faced by the AI industry. Rendering of Prometheus Hyp ...

Lumen Technologies, Inc’s (LUMN) shares have surged 240.9% year to date (“YTD”), outpacing the S&P 500 composite and sub-industry’s growth of 27.3% and 57.3%, respectively.YTD Price PerformanceImage Source: Zacks Investment ResearchClosing at $6.23 as of yesterday’s trading session, LUMN stock is currently trading 39.7% below its 52-week high of $10.33 attained on Nov. 11, 2024.Lumen is a global communications services provider which operates one of the most interconnected networks globally. LUMN stock has ...

Lumen Technologies, Inc. (NYSE:LUMN) Bank of America Securities 2024 Leveraged Finance Conference Call December 3, 2024 10:10 AM ET Company Participants Chris Stansbury - Executive Vice President & Chief Financial Officer Conference Call Participants Ana Goshko - Bank of America Ana Goshko Joining us at the Bank of America Leverage Finance Conference. I'm Ana Goshko from the fixed income research side, I cover Telecom and Technology. And we're thrilled to have Lumen Technologies with us. Chris Stansbury, th ...

Lumen Technologies, Inc. (NYSE:LUMN) Bank of America Securities 2024 Leveraged Finance Conference Call December 3, 2024 10:10 AM ET Company Participants Chris Stansbury - Executive Vice President & Chief Financial Officer Conference Call Participants Ana Goshko - Bank of America Ana Goshko Joining us at the Bank of America Leverage Finance Conference. I'm Ana Goshko from the fixed income research side, I cover Telecom and Technology. And we're thrilled to have Lumen Technologies with us. Chris Stansbury, th ...

DENVER, Nov. 26, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) (the "Company" or "Lumen") announced today the expiration and results of the cash tender offers (the "Amended Offers") of Lumen and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. ("Level 3" and, together with Lumen, the "Offerors" and each, an "Offeror") to purchase any and all of their respective outstanding senior unsecured notes maturing in 2028 identified in the table below (collectively, the "2028 Notes") pursuan ...

DENVER, Nov. 13, 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 BofA 2024 Leveraged Finance Conference on December 3, 2024. The presentation is scheduled to begin at 10:10 a.m. ET.A live webcast link to the investor presentation will be made available on the Lumen Investor Relations ...