DENVER, July 25, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Satish Lakshmanan, Lumen's executive vice president and chief product and strategy officer, will present at the TD Cowen 10th Annual Communications Infrastructure Summit on August 13, 2024. The presentation is scheduled to begin at 5:40 p.m. ET. About Lumen Technologies: SOURCE Lumen Technologies A live webcast link ...

DENVER and REDMOND, Wash., July 24, 2024 /PRNewswire/ -- Today, Lumen Technologies (NYSE: LUMN) and Microsoft Corp. (NASDAQ: MSFT) announced a new strategic partnership that will use the Microsoft Cloud to further drive Lumen's digital transformation. In addition, Microsoft has chosen Lumen to expand its network capacity and capability to meet the growing demand on its datacenters due to AI. Datacenters have become critical infrastructure that power the compute capabilities for the millions of people and or ...

DENVER, July 9, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its second quarter 2024 results on August 6, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m. ET. About Lumen Technologies For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @ ...

Lumen Technologies (LUMN 0.91%) stock closed out today's trading with moderate gains. The company's share price ended the daily session up roughly 1%, according to data from S&P Global Market Intelligence. The stock had been down as much as 11% earlier in the day's trading. In contrast to its sell rating on Lumen stock, Goldman Sachs analysts actually see some favorable dynamics ahead for the U.S. telecommunications industry. Most notably, the financial services company sees competitive pressures and the ne ...

At the outset of the Class Period, Lumen announced it would redefine its business by renaming itself from CenturyLink to Lumen and refining its marketing approach, cutting off market segments and operations that did not align with the Company's strategic objectives and adding market segments that were aligned with the Company's vision. However, contrary to Defendants' statements touting the rate of investment and progress in expanding fiber services to SMB and residential markets, Lumen was experiencing ser ...

Lumen Technologies, Inc. (NYSE:LUMN) 2nd Annual UBS Women in Tech Summit Conference Call June 11, 2024 12:40 PM ET Company Participants Kate Johnson - President and Chief Executive Officer Conference Call Participants Batya Levi - UBS Batya Levi Great. Thanks, everyone, for joining. I'm Batya Levi from the Communications Team at UBS and our next speaker is Kate Johnson, President and CEO of Lumen. Kate joined Lumen about 18 months ago and she's had a long career in the tech world, including Red Hat, GE, Ora ...

Lumen Technologies, Inc. (NYSE:LUMN) 2nd Annual UBS Women in Tech Summit Conference Call June 11, 2024 12:40 PM ET Kate Johnson - President and Chief Executive Officer Batya Levi - UBS Kate joined Lumen about 18 months ago and she's had a long career in the tech world, including Red Hat, GE, Oracle and more recently, President of Microsoft. And before that, we were actually colleagues at UBS about 20 years ago. I didn't know it, but we were. Kate Johnson Batya Levi Kate Johnson Q - Batya Levi Kate Johnson T ...

DENVER, June 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024. The presentation is scheduled to begin at 12:40 p.m. ET. A live webcast link to the investor presentation will be made available on the Lumen Investor Relations website at https://ir. ...

Lumen Technologies, Inc. (NYSE:LUMN) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 10:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Greg Williams - TD Cowen Greg Williams Let's get started. Good morning. My name is Greg Williams. I cover the telco wireless and cable space here at TD Cowen and welcome to day two of our 52nd Annual TMT Conference. I'm joined in this session by the CFO of Lumen, Chris Stansbury. Thank you, Chris for joining ...

Company and Industry Overview * **Company**: Lumen Technologies, Inc. (NYSE:LUMN) * **Industry**: Telecommunications, specifically telco wireless and cable space * **Event**: TD Cowen 52nd Annual Technology, Media & Telecom Conference * **Date**: May 30, 2024 Key Points Turnaround Strategy * **Focus Areas**: * **Innovation for Growth**: Enhancing network connectivity and offering additional services like security edge compute and seamless workload movement. * **Innovation for Cost**: Reducing costs through network unification and process simplification. * **Legacy Declines**: Addressing legacy product declines while managing cash flow for future investments. * **Challenges**: * Legacy product declines accelerating. * Industry-wide rewrite off-net activity driving short-term results at the expense of customer focus. Cost Reduction Efforts * **Workforce Reduction**: 7% reduction implemented, saving $90 million to $100 million in Q2. * **Cost Savings Opportunities**: * Simplifying processes and improving customer experience. * Integrating legacy systems to unlock cost potential. * **EBITDA Growth**: Expected to grow through the year due to cost savings and improved sales rates. AI-Driven Demand * **Generational Opportunity**: AI-driven demand expected to last 5-10 years. * **Revenue Growth**: Focus on selling connectivity solutions that enable on-demand data access and routing. * **Internal AI Applications**: Using AI tools like CoPilot for productivity improvements and code development. Consumer Business Strategy * **Strategic Review**: Exploring options for the consumer business, including potential divestiture. * **Market Conditions**: Current market conditions favoring joint ventures and fiber acquisition without taking on balance sheet risk. Business Segments * **Large Enterprise**: * Focus on driving execution and improving sales results. * Legacy declines and industry-wide bad behavior impacting growth. * **Mid Markets**: * Seeing notable improvement in sales and product portfolio. * Partner ecosystem expansion driving growth. * **Public Sector**: * Winning large contracts and seeing growth due to scaling of installations. Future Outlook * **Investor Day**: Expected to provide more visibility around free cash flow streams, cost paradigm, and consumer business direction. * **Innovation Initiatives**: Launching Lumen Defender, a security product, and focusing on big connectivity deals and security solutions.