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Upgrading Lumen Technologies from hold to buy, raising LUMN stock's price target to $5.64, representing a 33% upside, based on improved cost efficiency and strategic clarity. The confirmed sale of Lumen's mass markets fiber business to AT&T brings in $5 billion in cash, reduces debt by $4.8 billion, and allows the company to focus on enterprise. Despite ongoing revenue declines, Lumen's “Grow” ...
Lumen is a high-risk, high-reward turnaround, with deep value at $4.20 and fair value estimated near $21 per share. The AT&T fibre sale will slash debt, boost free cash flow, and let Lumen focus on enterprise fibre for AI/cloud demand, driving long-term growth. Aggressive cost cuts, modernization, and AI-driven efficiencies are improving margins and cash flow, with EBITDA growth targeted for 2026.
DENVER--(BUSINESS WIRE)--As the 2025 hurricane and wildfire season intensifies, Lumen Technologies (NYSE: LUMN) today detailed its enterprise readiness plan, designed to safeguard mission-critical connectivity and support business continuity for customers operating under extreme conditions. From wildfires in California to hurricanes along the Gulf Coast, Lumen's enterprise network is built for ...
DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (“Lumen”, “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), has agreed to sell $2.0 billion aggregate principal amount of its 6.875% First Lien Notes due 2033 (the “First Lien Notes”), which represents a $1.0 billion increase from the previously announced size of th...
DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (“Lumen”, “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), plans to offer $1.0 billion aggregate principal amount of First Lien Notes due 2033 (the “First Lien Notes”). Level 3 Financing intends to use the net proceeds from the offering, together with cash on hand,...
SAN DIEGO--(BUSINESS WIRE)-- #blockstorage--Lucidity launches Lumen, bringing data-driven decision making and greater control to cloud storage management.
DENVER--(BUSINESS WIRE)--With undersea cables accounting for more than 99% of international data traffic, a robust terrestrial network is vital for ensuring seamless, high-capacity data flows across continents. Lumen Technologies (NYSE: LUMN) announced it will provide the terrestrial backhaul connectivity for the JUNO Trans-Pacific Cable System, the highest-capacity trans-Pacific cable linking ...
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