Amid the AI boom, data centers are sending and receiving so much data that they are embarking on "the largest expansion of the internet in our lifetime," Lumen Technologies (NYSE:LUMN) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing. Lumen, a cloud service and internet service provider, ordered 10% of Corning's (NYSE:GLW) global fiber capacity for the next two years, the website noted. Moreover, Lumen dis ...

The distressed company announced a big AI networking deal. Shares of broadband and fiber network operator Lumen Technologies (LUMN 4.18%) rocketed 75.2% higher this week, according to data from S&P Global Market Intelligence. The company reported a surge of new revenue deals related to artificial intelligence (AI) and also reported earnings this week. While Lumen has struggled under a heavy debt load with declining legacy businesses in recent years, the AI revolution appears to be offering Lumen new growth ...

Lumen missed earnings expectations, but it actually had some great news for investors. Lumen Technologies (LUMN 32.60%) stock soared again in Wednesday's trading. The telecom's share price ended the daily session up 32.6%, according to data from S&P Global Market Intelligence. Shares had been up as much as 56.6% earlier in the day. Lumen reported mixed second-quarter results after the market closed yesterday, but the company issued some very encouraging guidance. In addition to the promising new forecast, t ...

One of this week's top breakout sensations is still trending upward after an impressive surge. Lumen Technologies (NYSE:LUMN) stock began skyrocketing after markets opened yesterday. The telecommunications firm had reported several key deals with prominent tech companies involving its artificial intelligence (AI) technology. In just 24 hours, Lumen has emerged as a key AI stock that investors can't help but notice. While some wondered if LUMN stock would quickly fall back down, so far, it hasn't happened. S ...

Key Takeaways It was a second straight day of monster gains for Lumen Technologies shares as the telecom company benefited from soaring AI demand. Lumen posted a smaller second-quarter loss and higher revenue than estimates. On Tuesday, Lumen reported a big jump in business for its AI connectivity products. Lumen Technologies (LUMN) shares soared for a second straight session Wednesday after the telecom provider reported better-than-expected results and a huge jump in its full-year free cash flow guidance a ...

Lumen Technologies NYSE: LUMN is known for its legacy telecommunications business. However, recently, Lumen's stock price has skyrocketed over 150%. The catalyst? A surge in demand for high-capacity fiber optic networks that are crucial for powering the artificial intelligence (AI) boom. However, this excitement is tempered by a stark reality: Lumen carries a significant debt load, raising questions about whether the AI-driven growth spurt can indeed turn its fortunes around. Get Lumen Technologies alerts: ...

Lumen Technologies, Inc (LUMN) reported an adjusted loss (excluding special items) of 13 cents per share for the second quarter of 2024. In the prior-year quarter, the company reported adjusted earnings per share of 10 cents. The bottom line was wider than the Zacks Consensus Estimate of a loss of 9 cents per share. Quarterly total revenues were $3.268 billion, down 10.7% year over year on a reported basis. The decline was due to the negative impact of divestitures, commercial agreements and the sale of the ...

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 ...