Lumen(US:LUMN) The Motley Fool·2025-08-31 09:50Core Insights - Lumen's stock experienced a significant increase of 7.8% following the announcement of a new contract with Pac-12 Enterprises, the broadcasting division of the Pac-12 college sports conference [1][2][4] - The new deal involves providing network-as-a-service (NaaS) technologies for streaming Pac-12 games, contributing to a reduction in the stock's decline to 6.4% for 2025 [2][4] - Despite a 52% drop from its three-year high, Lumen has seen periods of substantial gains, particularly in the AI and NaaS sectors [4] Financial Performance - Lumen raised its full-year free cash flow (FCF) target to between $1.2 billion and $1.4 billion, up from a previous range of $700 million to $900 million [6][7] - The increase in FCF guidance is partially attributed to the accelerated execution of a previously signed $8.5 billion PCF deal [7] Future Outlook - The company experienced a significant rally in 2024 after securing contracts with Meta Platforms and Microsoft for Private Connectivity Fabric (PCF) technologies to support AI infrastructure [5]