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 ...

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 ...

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) ...

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) 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 ...