Price Performance - LUMN stock closed at $5 36, trading 48 1% below its 52-week high of $10 33 [2] - The stock has experienced a sharp rally of 237% over the past year but is now showing signs of volatility [2] - LUMN shares have slipped 13 7% in the past month compared to the S&P 500's decline of 4 1% and the sub-industry's decline of 8 5% [17] Financial Performance and Guidance - LUMN expects 2025 EBITDA to be below 2024 levels due to transformation costs and higher startup costs for PCF sales [3] - The company anticipates a significant EBITDA rebound in 2026 and growth thereafter [3] - LUMN raised its 2024 free cash flow guidance to $1 2-$1 4 billion from the previous range of $1-$1 2 billion [8] - For 2024, LUMN expects adjusted EBITDA in the range of $3 9-$4 billion and capital expenditures between $3 1 billion and $3 3 billion [19] Debt and Cost Management - LUMN has a significant debt load with $18 142 billion in long-term debt as of Sept 30, 2024, compared to $18 411 billion as of June 30, 2024 [4] - The company is targeting $1 billion in cost savings by the end of 2027 through infrastructure simplification and product portfolio reduction [12] Business Developments - LUMN has secured $3 billion in incremental PCF deals, bringing the total to $8 billion in new PCF sales since June 2024 [7] - The company has inked deals with tech giants like Microsoft, Amazon, Google Cloud, and Meta Platforms to provide network capabilities for AI innovation [8] - LUMN added 43,000 Quantum Fiber subscribers, reaching a total of 1 million in the reported quarter [11] - The company added 131,000 Fiber broadband-enabled locations in Q3 2024, with a total of 4 million enabled locations as of Sept 30, 2024 [11] Market Sentiment and Valuation - LUMN is trading below its 50-day and 100-day moving averages, indicating a bearish sentiment among analysts [6][15] - The stock is trading at a trailing 12-month price-to-sales ratio of 0 4, significantly below the industry average of 9 71 [13] Challenges and Risks - LUMN's total revenues declined 11 5% year over year to $3,211 million in Q3 2024 due to divestitures and the sale of the CDN business [18] - The company continues to face weakness in its legacy business, which is expected to strain top-line expansion in the near term [18] - Incremental costs from expanding new business, particularly PCF sales, are expected to pressure margins [19]

Lumen Technologies, Inc (LUMN) is looking to offload the consumer fiber business as the company phases out its legacy mass markets business and strives to reduce debt load, according to a report from Reuters. Citing sources familiar with the matter, Reuters added that Lumen has sought assistance from Goldman Sachs to understand interest from potential buyers (including the company’s rivals) for its fiber unit. Further, LUMN might just sell a stake or get into a joint venture deal with a partner.Citing sourc ...

Lumen® Private Connectivity Fabric℠ will expand Prometheus' network capacity across its growing data center footprintDENVER, Dec. 17, 2024 /PRNewswire/ -- Prometheus Hyperscale has chosen Lumen Technologies (NYSE: LUMN) to connect its energy-efficient data centers to meet growing AI data demands. Lumen network services will help Prometheus with the rapid growth in AI, big data, and cloud computing as they address the critical environmental challenges faced by the AI industry. Rendering of Prometheus Hyp ...

Lumen Technologies, Inc’s (LUMN) shares have surged 240.9% year to date (“YTD”), outpacing the S&P 500 composite and sub-industry’s growth of 27.3% and 57.3%, respectively.YTD Price PerformanceImage Source: Zacks Investment ResearchClosing at $6.23 as of yesterday’s trading session, LUMN stock is currently trading 39.7% below its 52-week high of $10.33 attained on Nov. 11, 2024.Lumen is a global communications services provider which operates one of the most interconnected networks globally. LUMN stock has ...

Lumen Technologies, Inc. (NYSE:LUMN) Bank of America Securities 2024 Leveraged Finance Conference Call December 3, 2024 10:10 AM ET Company Participants Chris Stansbury - Executive Vice President & Chief Financial Officer Conference Call Participants Ana Goshko - Bank of America Ana Goshko Joining us at the Bank of America Leverage Finance Conference. I'm Ana Goshko from the fixed income research side, I cover Telecom and Technology. And we're thrilled to have Lumen Technologies with us. Chris Stansbury, th ...

Lumen is making moves to reduce its debt. So why are investors bailing on the stock?Lumen Technologies (LUMN -9.78%) stock is seeing big sell-offs in Tuesday's trading. The company's share price was down 9.3% as of 3 p.m. ET. and had been down as much as 11.7% earlier in the daily session. Meanwhile, the S&P 500 index was down 0.5%.Lumen stock is losing ground in conjunction with news that the company and its Level 3 Financings subsidiary are looking to buy back some of the telecom's outstanding bonds. The ...

DENVER, Nov. 12, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) (the "Company" or "Lumen") and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. ("Level 3") have commenced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase any and all of their respective outstanding notes identified in the table below (collectively, the "Notes").The Offers are being made by Lumen and Level 3 (each, an "Offeror" and, collectively, the "Offerors") on the terms and subject ...

Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The "North America Implantable Ports Market Outlook to 2033 - Single Lumen Implantable Ports and Double Lumen Implantable Ports" report has been added to ResearchAndMarkets.com's offering.The comprehensive databook report covers key market data on the North America Implantable Ports market. The databook report provides value (USD), volume (units) and average prices (USD) within the market segments for Single Lumen Implantable Ports and Double Lumen Implantable Port ...

Lumen Technologies, Inc. (LUMN) reported an adjusted loss (excluding special items) of 13 cents per share for the third quarter of 2024, which was narrower than the Zacks Consensus Estimate of a loss of 20 cents. The company reported a loss per share of 9 cents in the prior-year quarter.Quarterly total revenues were $3.221 billion, down 11.5% year over year. The decline was due to the negative impact of divestitures, commercial agreements and the sale of the CDN business. However, the metric beat the Zacks ...

Core Insights - Lumen reported revenue of $3.22 billion for Q3 2024, a decrease of 11.5% year-over-year, with an EPS of -$0.13 compared to -$0.09 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate by 0.58%, while the EPS surprised positively by 35% against the consensus estimate of -$0.20 [1] Financial Performance Metrics - Public Sector revenue was $427 million, below the estimated $444.48 million, reflecting a year-over-year decline of 3.8% [3] - Fiber Broadband-Mass Markets Segment generated $190 million, slightly above the estimated $189.17 million, marking a year-over-year increase of 17.3% [3] - Other Broadband-Mass Markets Segment revenue was $282 million, below the estimated $286.47 million, showing a decline of 17.1% year-over-year [3] - Voice and Other-Mass Markets Segment reported $213 million, exceeding the estimate of $206.94 million, with a year-over-year decrease of 13.1% [3] - Mid-Market Enterprise revenue totaled $471 million, slightly below the estimated $473.79 million, down 5.4% year-over-year [3] - Total Business Segment Revenue was $2.54 billion, slightly above the estimate of $2.52 billion, down 12.4% year-over-year [3] - Total Mass Markets Revenue was $685 million, exceeding the estimate of $682.58 million, down 8.3% year-over-year [3] - Wholesale Business Segment Revenue was $706 million, below the estimated $711.27 million, down 8.3% year-over-year [3] - Large Enterprise revenue was $839 million, slightly above the estimate of $832.32 million, reflecting a significant year-over-year decline of 29% [3] - International and Other revenue was $93 million, significantly above the estimated $58.05 million [3] Stock Performance - Lumen's shares have increased by 20.1% over the past month, contrasting with a 0.5% decline in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]