We recently published 10 Stocks Left Behind in a Roaring Market. Lumen Technologies Inc. (NYSE:LUMN) was one of the worst performers on Wednesday. Lumen Technologies saw its share prices drop by as much as 6.8 percent in intra-day trading on Wednesday before finishing at $7.11 apiece, as an ongoing dispute between artificial intelligence firm Anthropic and the Pentagon spilled over to its stock. Anthropic, one of Lumen Technologies Inc.’s (NYSE:LUMN) major customers, is currently facing a setback after ...

Ten stocks fell sharply on Wednesday, defying an overall market optimism, as investors digested a flurry of corporate developments, including corporate earnings and outlooks. Of the 10 firms, two dropped to new record lows.Meanwhile, all Wall Street indices finished in the green, led by Nasdaq, up 1.26 percent, followed by the S&P 500, increasing 0.81 percent, and the Dow Jones jumping 0.63 percent.In this article, we focus on 10 of the worst-performing companies on Wednesday and detail the reasons behind t ...

The company’s strategy centers on delivering advanced connectivity and technology solutions to enterprise and residential markets, with a strong emphasis on scalable, recurring service models. Competitive differentiation is driven by its extensive network assets and broad portfolio of integrated communications and IT services.The company serves both business and residential customers, with a primary focus on enterprises, government organizations, and approximately 4.5 million broadband subscribers as of the ...

Core Insights - Lumen Technologies and Nokia are shifting focus towards the artificial intelligence sector, with Lumen transitioning from consumer internet to a fiber-optic network dedicated to AI's high-bandwidth needs [1][2] Financial Performance - Lumen's stock has increased by approximately 80% over the past 12 months, while Nokia's shares have risen nearly 60% in the same period, indicating positive market reception for both companies' pivots towards AI [2] - Nokia's revenue grew by 3% to 19.9 billion euros in 2025, whereas Lumen's sales declined from $13.1 billion in 2024 to $12.4 billion in 2025 [4] - Nokia reported an operating profit of 885 million euros in 2025, while Lumen faced an operating loss of $812 million [4] - Nokia's free cash flow (FCF) for 2025 was 1.5 billion euros, allowing for a dividend yield of 2%, whereas Lumen's FCF was $371 million, and it eliminated its dividend in 2022 [5] Strategic Initiatives - Nokia has partnered with Nvidia to develop an AI-native wireless network, showcasing its commitment to tangible results in the AI sector [5] - On February 19, Nokia announced the deployment of the world's first 5G core software-as-a-service (SaaS) network, which utilizes AI for management and offers a cloud-based solution for quick 5G deployment [6] Investment Outlook - Nokia is viewed as the superior stock choice for capitalizing on the AI market due to its stronger financials and demonstrated progress in AI initiatives, making it a preferred option for long-term investors [3][7]

The Zacks Diversified Communication Services industry appears well-positioned to capitalize on the healthy demand trends driven by the fast-track 5G deployment and the transition to cloud and fiber network infrastructure. However, high capital expenditures for infrastructure upgrades, volatility in raw material prices, geopolitical conflicts and elevated inventory levels amid uncertain market conditions have dented the industry’s profitability.  Telefonica Brasil S.A. (VIV) , Lumen Technologies, Inc. (LUMN) ...

Lumen Technologies (NYSE:LUMN) 2026 Investor Day February 25, 2026 08:30 AM ET Company ParticipantsAna White - EVP and Chief People OfficerBill Matthews - Managing DirectorBrent Bensten - Chief Technology OfficerChris Stansbury - EVP and CFODavid Barden - Partner and Head of North America Telecommunications and Digital InfrastructureFrank Louthan - Managing Director Communications ServicesJeff Sharritts - Chief Revenue OfficerJim Fowler - Chief Technology and Product OfficerKate Johnson - President and CEOK ...

1 © 2025 Lumen Technologies. All Rights Reserved. Jim Breen SVP Investor Relations 2 Forward Looking Statement Except for historical and factual information, the matters set forth in this presentation and other of our oral or written statements identified by words such as "estimates," "expects," "anticipates," "believes," "plans," "intends," "will," and similar expressions with respect to the future are forward-looking statements as defined by the federal securities laws, and are subject to the "safe harbor ...

Core Insights - Lumen Technologies has declared the completion of its turnaround phase and outlined a multi-year growth plan focused on becoming a trusted network for AI, with significant network expansion and customer growth initiatives [1] Group 1: Transformation and Growth Strategy - The company aims to expand its network to 58 million fiber miles by 2031, with plans to reach 47 million fiber miles by the end of 2028 [1] - Lumen has secured nearly $13 billion in Private Connectivity Fabric (PCF) contracts, validating demand for its AI-ready network [1] - The rollout of the Multi-Cloud Gateway and exceeding 2,000 Network-as-a-Service (NaaS) customers reflects the growing enterprise adoption of AI-ready platforms [1] Group 2: Financial Performance and Market Confidence - Lumen has reduced its debt to under $13 billion and achieved approximately $500 million in annual interest savings [1] - The company's stock price has improved significantly, recovering from lows of around $1.00 per share in July 2024 to the high-single digits, indicating restored investor confidence [1] - All three major global ratings agencies have upgraded Lumen's debt ratings, citing lower leverage and improved liquidity [1] Group 3: Future Financial Roadmap - Lumen expects to enhance free cash flow through improved margins and lower capital intensity, targeting adjusted EBITDA margins to expand from 27.1% in 2025 to the mid-30% range by 2030 [2] - A new revenue reporting framework will be introduced in Q1 2026 to better align with the company's enterprise-focused strategy [2]

Core Insights - The telecommunications giant is strategically shifting to capitalize on growing AI opportunities, positioning itself as a key player in the AI sector [1] - Lumen Technologies is transitioning from consumer fiber-optic networks to focus on essential AI business infrastructure, enhancing its resilience to market changes [2] Company Transformation - Lumen, formerly known as CenturyLink, has rebranded to emphasize its departure from traditional telecommunications services and has exited consumer fiber operations to focus on AI infrastructure [5] - The company is investing billions in upgrading its fiber network to meet the increasing bandwidth demands of AI, anticipating that businesses will double their cloud spending to $1 trillion by 2030 [5] Financial Performance - Lumen's revenue declined from $13.1 billion in 2024 to $12.4 billion in 2025, resulting in a net loss of $1.7 billion, a significant increase from a $55 million loss the previous year [7] - Capital expenditures rose to $4.4 billion in 2025 from $3.2 billion in 2024, leaving the company with a free cash flow of $371 million, which is crucial for debt repayment [8] - Lumen's debt exceeded $17 billion by the end of 2025, indicating a challenging financial position [8] Future Projections - For 2026, Lumen forecasts free cash flow of at least $1.2 billion and adjusted EBITDA between $3.1 billion and $3.3 billion, an improvement from the $2.6 billion adjusted EBITDA in 2025 [9] - The company's valuation is considered reasonable with a sales multiple of 0.65, but the potential for significant investment returns remains uncertain [10] Investment Considerations - Lumen's pivot to becoming an AI network provider presents a compelling case for investors, but the high level of debt and the need for improved financial health make it a high-risk investment [11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-7784 Lumen Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...