Group 1: Company Developments - Lumen Technologies, Inc. announced it has secured $5 billion in new business driven by significant AI-fueled connectivity demand and is negotiating for an additional $7 billion in sales opportunities [1] - Lumen plans to more than double its intercity network miles over the next five years to meet the growing demand for fiber capacity, particularly from large companies like Microsoft [2] - Lumen secured its largest cable purchase agreement with Corning Incorporated, ensuring 10% of Corning's global fiber capacity for Lumen over the next two years [3] Group 2: Industry Trends - The AI economy is reshaping business operations, increasing the need for powerful network infrastructure to handle current and future data demands [4] - There is a rising interest from hyperscalers and large organizations for custom network solutions, prompting Lumen to establish a new Custom Networks division [5] - The new division will provide tailored network solutions, including dark fiber and custom fiber routes, to support AI-intensive workloads [6] Group 3: Market Performance - Following the announcement of new business and growth plans, shares of Lumen surged 46.7% in the pre-trading session on August 6 [1] - Over the past year, Lumen's stock has gained 131.6%, significantly outperforming the sub-industry's growth of 22.9% [7]

filistimlyanin/iStock via Getty Images Over the last week or so, Lumen Technologies, Inc. (NYSE:LUMN) has exploded higher to levels the $1 stock hadn't seen in a couple of years. The telecom network o ver an eller were on some recentioned on the (11 visue.etners and expoced mater with technology providers, the coleman colorial. For the level. In colopit to could. In en finviz Th LUMN DAILY Aug 1 H4.20 L3.14 C 3.32 Vol 132.84M SMA 20 SMA 50 SMA 200 === 09 @ 200M 150M 100M 50M E E Idonomila In 2024 Nov Dec Fo ...

Lumen Technologies, Inc. (LUMN) has announced its largest cable purchase deal with Corning Incorporated, aiming to more than double its intercity network miles to advance AI capabilities for cloud data centers, enterprises and public agencies. This agreement secures 10% of Corning's global fiber capacity for Lumen over the next two years. Lumen, one of North America's largest ultra-low-loss intercity fiber networks, covers diverse routes to more than 50 major cities nationwide. The swift proliferation of ge ...

Lumen Technologies, Inc. (LUMN) is scheduled to report second-quarter 2024 results on Aug 6. The Zacks Consensus Estimate for total revenues is pegged at $3.26 billion, indicating a decline of 11.1% from from the year-ago level. The consensus estimate for earnings is currently pegged at a loss of 9 cents per share. In the year-ago quarter, LUMN reported earnings of 10 cents per share. The company's earnings missed the Zacks Consensus Estimate in two of the last four quarters and beat twice, delivering an av ...

The company made a new artificial intelligence announcement. The stock is still down huge in the last five years. Shares of Lumen Technologies (LUMN 5.40%) jumped over 100% this week, according to data from S&P Global Market Intelligence. The fiber optic and communications services provider announced a partnership with Corning Incorporated that had investors incredibly bullish. Corning is reserving 10% of its fiber optic cable production for Lumen as Lumen tries to expand and take advantage of the artificia ...

Lumen looked poised for another day of explosive growth, but major risk factors came into focus. The stock of Lumen Technologies (LUMN 5.40%) was surging again in Thursday's trading. The telecom specialist's share price ended the daily session up 5.4%, according to data from S&P Global Market Intelligence. But the stock had been up as much as 33.3% early in today's trading. Lumen has been on a bullish tear lately thanks to new deals and partnerships. Despite volatility today, the company was able to keep it ...

The rapid advancement of generative artificial intelligence requires at least 10 times more fiber connections within data centers, as well as a robust fiber network to transmit information between these data hubs. With this agreement, Lumen reserves 10% of Corning's global fiber capacity for each of the next two years. The agreement, Lumen's largest cable purchase, will equip Lumen to meet the network infrastructure needs of major data center operators for years to come, including Microsoft, which announced ...

John M Lund Photography Inc Lumen Technologies stock - Some historic moves VAL 85.86% Lumen Technologies Inc (LUMN) Price % Change 100.0% 85.86% 50.00% 0.00% -50.00% Jul 25 Jul 29 Jul 26 Jul 30 Jul 31 Seeking AlphaQ Jul 31, 2024, 12:37 PM EDT Powered by YC H A R T S Data by YCharts The recent 5-day move in Lumen Technologies, Inc. (NYSE:LUMN) has set off some alarm bells. This could be something as benign as a small-eap rotation hunting for some of the most undervalued stocks. It could also indicate a turna ...

DENVER, July 31, 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 Citi Global Technology, Media and Telecom Conference on September 4, 2024. The presentation is scheduled to begin at 12:30 p.m. ET. About Lumen Technologies: For news and insights visit news.lumen.com, LinkedIn: /lumen ...

The boom in AI data centers could pay off for Lumen Technologies. Lumen's Corning deal The idea is to build faster connections between data centers, a key to artificial intelligence advances like building larger and more complex models. Volatility and short-term wins The main caution with Lumen Technologies is the fact that the company's revenue is falling and it's losing money quickly. This could be a turnaround play, but it may also be a great headline with little fundamental improvement to back it up. Th ...