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 ...

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 ...

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 ...