Lumen (LUMN) Says Turnaround Is Complete, Shares Multi-Year Growth Plan

Core Viewpoint - Lumen Technologies, Inc. has completed its turnaround and presented a multi-year growth plan during its 2026 Investor Day, positioning itself as one of the best stocks under $10 to invest in currently [1]. Group 1: Growth Plans and Infrastructure - By the end of 2025, Lumen aims to deploy 17 million intercity fiber miles, with a target of reaching 47 million fiber miles by the end of 2028 and approximately 58 million miles by 2031, supported by $2.5 billion in new Private Connectivity Fabric agreements [2]. - Over the past three years, Lumen has secured nearly $13 billion in Private Connectivity Fabric deals, indicating strong demand from hyperscalers for its AI-ready network [3]. Group 2: Financial Targets - Lumen aims to grow its adjusted EBITDA from 27.1% in 2025 to the mid-30% range by 2030, alongside improving free cash flow through margin enhancements, reduced capital intensity, and expected revenue growth [4]. Group 3: Product Offerings - Lumen is rolling out its Multi-Cloud Gateway to enhance data movement across distributed AI environments and has surpassed 2,000 customers on its Network-as-a-Service platform [5].