Which of these AI-driven stocks is a better buy right now? Lumen Technologies (LUMN 93.05%) and Broadcom (AVGO 1.29%) were both driven higher by the buying frenzy in artificial intelligence (AI) stocks. Over the past 12 months, Lumen's stock surged more than 70% as Broadcom's stock rallied over 60%. Lumen, the telecom company formerly known as CenturyLink, impressed the bulls by signing a new AI infrastructure deal with Microsoft and a fiber supply deal with Corning. Broadcom dazzled the market with its soa ...

shulz At the end of July, trading volume in shares of Lumen Technologies (NYSE:LUMN) surged into the hundreds of millions. Buyers accumulated LUMN stock throughout the last month, starting at around $1.00. In the absence of any news, the stock earned a seven-day winning streak alert on July 19. By July 30, Lumen finally announced a major agreement with Corning (GLW). Lumen would allocate 10% of Corning's global fiber capacity for each of the next two years. This would facilitate Lumen's building of a new ne ...

Lumen Technologies, Inc. (NYSE:LUMN) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Jim Breen - Senior Vice President, Investor Relations Kate Johnson - President & CEO Chris Stansbury - EVP & CFO Conference Call Participants Michael Rollins - Citi Sebastiano Petti - J.P. Morgan Batya Levi - UBS David Barden - Bank of America Jim Schneider - Goldman Sachs Jonathan Chaplin - New Street Nick Del Deo - MoffettNathanson Gregory Williams - TD Cowen Frank Louthan - Raymond James E ...

For the quarter ended June 2024, Lumen (LUMN) reported revenue of $3.27 billion, down 10.7% over the same period last year. EPS came in at -$0.13, compared to $0.10 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.26 billion, representing a surprise of +0.39%. The company delivered an EPS surprise of -44.44%, with the consensus EPS estimate being -$0.09. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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) | --- | --- | |------------------------- ...

| --- | --- | --- | |------------------|-------|-----------------| | | | | | | | | | | | | | | | | | 2024 Results | | Second Quarter | | August 6th, 2024 | | | LUMEN® Forward-Looking Statements 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 are forward-looking statements as defined by the fede ...

NEWS RELEASE LUMEN® Lumen Technologies reports second quarter 2024 results DENVER, August 6, 2024 — Lumen Technologies, Inc. (NYSE: LUMN) reported results for the second quarter ended June 30, 2024. Driving Commercial Excellence, Stabilizing the Base, and Innovating for Growth • Continued success in North American Large and Mid-Market Enterprise sales. Large and Mid-Market new logo sales increased and net total contract value for all channels was up year over year. • Delivered improved customer satisfaction ...

Lumen is one of the market's hottest stocks today thanks to some big AI news. The stock of Lumen Technologies (LUMN 91.51%) is posting explosive gains in Tuesday's trading. The company's share price was up 87.3% as of 3:15 p.m. ET today, according to data from S&P Global Market Intelligence. In a press release yesterday, Lumen showed that it's benefiting from demand for fiber networks to support artificial intelligence (AI) services. Following the news, the stock received a ratings upgrade and price-target ...

Company Performance - Lumen Technologies (LUMN) stock surged over 80% in a few hours, poised to surpass the $5 mark, moving out of penny stock territory [2] - The stock traded at just over $1 per share a month ago, indicating significant growth potential [2] Business Deals and Partnerships - Lumen secured $5 billion in new business deals, primarily driven by demand for its AI applications [1] - A major deal with Microsoft involves using Lumen's network equipment to expand AI workload capacity [1] - Lumen announced an agreement with Corning Incorporated for next-generation optical cables to support cloud data centers [3] Industry Trends and AI Demand - The AI economy is driving companies to seek powerful network infrastructure to manage unprecedented data flows [3] - Lumen's AI-ready infrastructure and expansive network position it well to capitalize on growing AI demand [3] - Many large companies across sectors are seeking to secure fiber capacity quickly due to red-hot AI needs [4] Future Growth Potential - Lumen is in discussions for additional $7 billion in sales opportunities, indicating strong future growth potential [4] - The company could finish 2024 among the top AI breakouts if it continues to capitalize on AI demand [5]

Key Takeaways Lumen Technologies said it secured $5 billion in new business because of booming demand for AI connectivity. The telecom firm said it's also in active discussions with customers for an additional $7 billion in AI sales opportunities. Lumen is expanding its network to deal with the soaring demand. Shares of Lumen Technologies (LUMN) skyrocketed Tuesday, a day after the telecom provider announced it had secured $5 billion in new business because of soaring demand for artificial intelligence (AI) ...