Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated services and solutions under CenturyLink name to business and residential customers in the United States and internationally. The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer. It offers IP and data services, including VPN data network, Ethernet, internet protocol (IP), and content delivery services. The company also offers transport and infrastructure services comprising high bandwidth optical networks; unlit optical fiber networks, and related professional and management services; private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; colocation and data center services; and consulting services, which include network management, installation and maintenance of data equipment, and building of proprietary fiber-optic broadband networks for government and business customers. In addition, the company provides voice and collaboration services, including primary rate interface service, local inbound service, switched one-plus, toll free, long distance, and international services; and voice over internet protocol services. Further, it offers IT and managed service that include network, hosting, public and private cloud, and other IT services, as well as intuitive management tools. Additionally, the company is involved in leasing and subleasing of space. As of December 31, 2020, it served approximately 4.5 million broadband subscribers. The company was formerly knowen as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.
IPO Year:
Exchange: NYSE
Website: lumen.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2025 | $4.50 | Mkt Perform → Outperform | Raymond James |
| 2/26/2025 | $8.00 → $6.50 | Neutral → Buy | Citigroup |
| 2/21/2025 | $5.00 | Underweight → Equal Weight | Wells Fargo |
| 8/16/2024 | $1.75 → $4.00 | Equal Weight → Underweight | Wells Fargo |
| 8/7/2024 | $1.00 → $4.00 | Sell → Neutral | Goldman |
| 8/7/2024 | Underweight → Neutral | JP Morgan | |
| 8/6/2024 | $1.25 → $3.15 | Sell → Neutral | Citigroup |
| 7/1/2024 | $1.00 | Sell | Goldman |
| 6/6/2023 | Underperform → Mkt Perform | Raymond James | |
| 2/8/2023 | $6.25 → $3.50 | Neutral → Sell | Citigroup |
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Companies to develop AI solutions that bring inferencing to the edge, helping businesses overcome cost and security challenges as they scale AI DENVER and ARMONK, N.Y., May 6, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) and IBM (NYSE:IBM) today announced a new collaboration to develop enterprise-grade AI solutions at the edge—integrating watsonx, IBM's portfolio of AI products, with Lumen's Edge Cloud infrastructure and network. Together, Lumen and IBM aim to bring powerful, real-time AI inferencing closer to where data is generated, helping companies overcome cost, latency, and security barriers as they scale AI adoption and enhance customer experiences.
DENVER, May 1, 2025 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) reported results for the first quarter ended March 31, 2025. Q1 results highlight progress in key priorities; Drive Operational Excellence, Build the Backbone for AI, and Cloudify Telecom Key areas of focus showed strong growth in the quarter, such as North American Business Grow and Waves revenue.Continued momentum towards a stronger and cleaner balance sheet highlighted by the recent term loan refinancing.Signed an important partnership with Google to provide direct fiber access to Google cloud through
DENVER, April 23, 2025 /PRNewswire/ -- 'The Most Exciting Two Minutes in Sports®' just got a serious tech upgrade. As Churchill Downs Racetrack ("Churchill Downs") prepares to host the 151st running of the Kentucky Derby, the historic venue has teamed up with Lumen Technologies (NYSE:LUMN) to bring Network-as-a-Service (NaaS) capabilities to the racetrack, delivering enhanced connectivity for hundreds of thousands of guests, media outlets, and mutuel operations during Derby Week. "When you're hosting one of the greatest sporting spectacles on Earth, speed matters — and not jus
Lumen Defender Plus, powered by Black Lotus Labs intelligence, stops threats before they reach business networks – delivering measurable results for companies like Apex DataCom DENVER, April 22, 2025 /PRNewswire/ -- The need for smarter, faster, and more automated defenses has never been greater. In 2024, 86% of enterprises reported a year-over-year increase in cyber threats. Lumen Technologies (NYSE:LUMN) today announced it is putting the strength of its global threat intelligence that safeguards its own infrastructure into the hands of enterprise businesses. Lumen DefenderSM Plus, built entirely on Lumen's network and powered by the advanced threat intelligence capabilities of Black Lotus
DENVER, April 17, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN), the trusted network for AI, will publish its first-quarter financial results following market close on May 1, 2025. A live broadcast of the earnings conference call will be available on the company's Investor Relations page at 5 p.m. ET. Additional information regarding the first quarter 2025 results, including the company's earnings release, investor presentation, and related materials, will be available on Lumen's Investor Relations website. About Lumen Technologies Lumen is unleashing the world's digital
DENVER, April 9, 2025 /PRNewswire/ -- As the trusted network for AI, Lumen Technologies (NYSE:LUMN) today announced at Next 25 that it is partnering with Google Cloud to deliver advanced cloud and network solutions that meet the rising demands of enterprise customers—particularly amid the rapid growth of AI workloads across industries. The partnership centers on three key initiatives that will deliver the scalable, secure, and high-performance connectivity enterprises need to power their AI-driven transformation: Integrating Google's new Cloud WAN with Lumen connectivity serv
DENVER, March 27, 2025 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) ("Lumen" or the "Company") today announced the successful completion of a refinancing transaction at Level 3 Financing, Inc. ("Level 3"), giving it greater financial flexibility and stability to fund its transformation. All of Level 3's existing term loans under its Credit Agreement, dated March 22, 2024 (the "Credit Agreement"), were replaced with a new $2.4 billion term loan maturing in 2032 and priced at Term SOFR + 4.25%. The refinancing represents (i) a 30-month maturity extension on a blended basis, and (ii) an interest rate reduction of 231 basis points resulting in annual interest savings of over $55 million.
Network trial paves the way for hyperscalers and enterprises to have the bandwidth agility and cost-efficiency needed for AI and next-gen applications DENVER, March 27, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) and Ciena (NYSE:CIEN) have successfully established a 1.2 terabit wavelength service trial across 3,050 kilometers (more than 1,800 miles) on Lumen's Ultra-Low-Loss (ULL) fiber network, making it the world's longest 1.2 terabit non-regenerated signal. Using 800G interfaces, Lumen and Ciena successfully tested and qualified the services to support wavelength, E
DENVER, March 6, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN), will attend the following investor conferences: J.P. Morgan Global Technology, Media & Communications Conference on May 15.Barclays Leveraged Finance Conference, May 20-21.When applicable, live webcast links to investor presentations will be available on the Lumen Investor Relations website. About Lumen Technologies Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lu
Ciena's WaveLogic 6 technology significantly increases network capacity, performance and speed Lumen Technologies (NYSE:LUMN), the trusted network for AI, is enhancing its network with Ciena's (NYSE:CIEN) coherent optical innovations. This will strengthen Lumen's ability to deliver highly tailored, scalable connectivity services to major cloud and data center providers striving to keep pace with the growth of Artificial Intelligence (AI) workloads and associated traffic. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225731905/en/ "AI is reshaping industries, and the network is the enabler of this transformation. To meet gr
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Raymond James upgraded Lumen Technologies from Mkt Perform to Outperform and set a new price target of $4.50
Citigroup upgraded Lumen Technologies from Neutral to Buy and set a new price target of $6.50 from $8.00 previously
Wells Fargo upgraded Lumen Technologies from Underweight to Equal Weight and set a new price target of $5.00
Wells Fargo downgraded Lumen Technologies from Equal Weight to Underweight and set a new price target of $4.00 from $1.75 previously
Goldman upgraded Lumen Technologies from Sell to Neutral and set a new price target of $4.00 from $1.00 previously
JP Morgan upgraded Lumen Technologies from Underweight to Neutral
Citigroup upgraded Lumen Technologies from Sell to Neutral and set a new price target of $3.15 from $1.25 previously
Goldman initiated coverage of Lumen Technologies with a rating of Sell and set a new price target of $1.00
Raymond James upgraded Lumen Technologies from Underperform to Mkt Perform
Citigroup downgraded Lumen Technologies from Neutral to Sell and set a new price target of $3.50 from $6.25 previously
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DENVER, May 1, 2025 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) reported results for the first quarter ended March 31, 2025. Q1 results highlight progress in key priorities; Drive Operational Excellence, Build the Backbone for AI, and Cloudify Telecom Key areas of focus showed strong growth in the quarter, such as North American Business Grow and Waves revenue.Continued momentum towards a stronger and cleaner balance sheet highlighted by the recent term loan refinancing.Signed an important partnership with Google to provide direct fiber access to Google cloud through
DENVER, April 17, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN), the trusted network for AI, will publish its first-quarter financial results following market close on May 1, 2025. A live broadcast of the earnings conference call will be available on the company's Investor Relations page at 5 p.m. ET. Additional information regarding the first quarter 2025 results, including the company's earnings release, investor presentation, and related materials, will be available on Lumen's Investor Relations website. About Lumen Technologies Lumen is unleashing the world's digital
Qurate Retail, Inc. ("Qurate Retail") (NASDAQ:QRTEA, QRTEB, QRTEP)) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of February 1, 2025 of the 3.75% Senior Exchangeable Debentures due 2030 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC"). The semi-annual interest payment amount is $18.75 per $1,000 original principal amount of Debentures, and the amount of the Regular Additional Distribution is $0.3701 per $1,000 original principal amount of Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is adjusted in an amount equal to each
DENVER, Feb. 4, 2025 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) reported results for the fourth quarter ended December 31, 2024. Drove solid sales growth across enterprise in the fourth quarter and FY2024, bolstered by improved customer satisfaction scores in all four segments.Strengthened Lumen's balance sheet and overall liquidity position in 2024. Reduced debt levels and increased access to capital.Continued progress building the AI backbone and cloudifying telecom, setting the foundation for 2025.Continued further adoption of Lumen Digital's network-as-a-service
DENVER, Jan. 14, 2025 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will publish its fourth-quarter financial results following market close on Feb. 4, 2025. A live broadcast of the earnings conference call will be available on the company's Investor Relations page at 5 p.m. ET. Additional information regarding the fourth quarter and fiscal year 2024 financial highlights, including the company's earnings release, investor presentation, and related materials, will be available on Lume
Qurate Retail, Inc. ("Qurate Retail") (NASDAQ:QRTEA, QRTEB, QRTEP)) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of November 1, 2024 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC").The semi-annual interest payment amount is $20.00 per $1,000 original principal amount of Debentures (a "Debenture"), and the amount of the Regular Additional Distribution is $0.4302 per $1,000 original principal amount of Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount e
DENVER, Nov. 5, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) reported results for the third quarter ended September 30, 2024. Big Tech is Choosing Lumen to Build the Backbone for the AI Economy Continued operational progress and sales momentum across our growth portfolio. Record quarter for net subscription adds in Quantum Fiber business.Delivered new Lumen Private Connectivity Fabric (or PCF) sales since our last earnings report, which provides additional liquidity and flexibility to continue reducing our overall debt profile.Growing adoption of Lumen Digital's u
DENVER, Oct. 7, 2024 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its third quarter 2024 results on Nov. 5, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m. ET. Additional information regarding the third quarter 2024 results, including the company's earnings release, investor presentation, and related materials will be available on Lumen's Investor Relations website. About Lumen Technologies Lumen
Qurate Retail, Inc. ("Qurate Retail") (NASDAQ:QRTEA, QRTEB, QRTEP))) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of August 1, 2024 of the 3.75% Senior Exchangeable Debentures due 2030 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC"). The semi-annual interest payment amount is $18.75 per $1,000 original principal amount of Debentures, and the amount of the Regular Additional Distribution is $0.3145 per $1,000 original principal amount of Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is adjusted in an amount equal to each E
DENVER, Aug. 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) reported results for the second quarter ended June 30, 2024. Driving Commercial Excellence, Stabilizing the Base, and Innovating for Growth Continued success in North American Large and Mid-Market Enterprise sales. Large and Mid-Market new logo sales increased and net total contract value for all channels was up year over year.Delivered improved customer satisfaction across customer channels, which should manifest in lower churn, higher gross sales, and improved overall revenue growth over time.Recently announ
DENVER, Oct. 29, 2024 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) today announced the appointment of Chris Capossela to its board of directors, effective immediately. Capossela is a recognized authority in the technology industry and spent over 30 years of his career at Microsoft in a variety of roles. For the last ten years, he served as Microsoft's executive vice president and chief marketing officer. In that role, he led worldwide marketing across both the consumer and commercial businesses, overseeing everything from product marketing and business planning to digital d
Ho to Succeed Veteran Executive Stacey Goff DENVER, May 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) today announced it has appointed Chad Ho as executive vice president and chief legal officer. His appointment will begin in June. He succeeds Stacey Goff, whose legacy includes a distinguished 26-year career with Lumen and its predecessors. We anticipate that Mr. Goff will remain with the company for a few weeks after Mr. Ho's appointment to ensure a smooth transition. Ho is an experienced chief legal officer with a unique track record of success. He has extensive e
Visionary executive Diankha Linear brings market disruption expertise to the Board DENVER, Feb. 22, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced the appointment of Diankha Linear to its board of directors, effective immediately. Linear is a seasoned executive and proven operator with more than 20 years of experience leading across highly regulated technology, logistics, and retail industries. In her current role as president and CEO of Community, Inc., she is disrupting how brands interact with their customers with an engagement platform that connects
Satish Lakshmanan brings extensive cloud and networking expertise to lead Lumen's transformation and growth in 2024 DENVER, Dec. 18, 2023 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) has named Dr. Satish Lakshmanan as its new Chief Product Officer. Dr. Lakshmanan will lead Lumen's corporate strategy and product portfolio, continuing to innovate network and advanced services to help customers thrive in today's digital economy. He will report to Lumen CEO Kate Johnson. "We are thrilled to welcome Satish to Lumen," said Johnson. "He is a visionary leader with a deep understand
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lumen Technologies, Inc. ("Lumen" or the "Company") f/k/a CenturyLink, Inc. ("CenturyLink") (NYSE:LUMN) investors that a lawsuit filed on behalf of investors that purchased Lumen securities between March 11, 2019 and July 14, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluat
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lumen Technologies, Inc. ("Lumen" or the "Company") f/k/a CenturyLink, Inc. ("CenturyLink") (NYSE:LUMN) investors that a lawsuit filed on behalf of investors that purchased Lumen securities between March 11, 2019 and July 14, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case
Nationwide executive James 'Jim' Fowler brings digital transformation expertise to the Board DENVER, Aug. 7, 2023 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) today announced the appointment of James 'Jim' Fowler to its board of directors, effective immediately. Jim is an advocate for innovation and digital transformation with more than 25 years of experience in technology leadership roles for Fortune 100 companies. Currently, he is the Executive Vice President and Chief Technology Officer of Nationwide Insurance, chartered with modernizing core technology capabilities, digi
Kate Johnson Appointed President and CEO, Joins Board of Directors; Jeff Storey to Retire DENVER, Sept. 13, 2022 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) today announced Kate Johnson has been appointed President, Chief Executive Officer and a member of the company's Board of Directors with the transition date expected to be November 7, 2022. Johnson succeeds Jeff Storey, who has announced his retirement after a distinguished 40-year career within the telecommunication and technology industries, including Lumen and its predecessors. Storey will remain with the company through December 31, 2022, to ensure a smooth transition.
Senior Executive Brings Decades of Corporate Communications and Strategy Experience as Company Executes on Planned $2 Billion Fiber Optics Transformation CHARLOTTE, N.C., Aug. 1, 2022 /PRNewswire/ -- Brightspeed today announced the expansion of its executive leadership team with the appointment of Amy Wulfestieg as Chief Communications Officer, effective immediately. Reporting to Chief Executive Officer Bob Mudge, Ms. Wulfestieg is responsible for leading the strategy, planning, and implementation of internal and external communications, change management, and engagement activities for the company. Ms. Wulfestieg has an extensive record of achievement in building and sustaining a culture tha
DENVER, March 28, 2022 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) today announced that Chris Stansbury has been appointed Chief Financial Officer, effective April 4, 2022, succeeding Neel Dev. Stansbury most recently served as senior vice president and CFO of Arrow Electronics, Inc., one of the world's largest providers of technology products, services and solutions. In his role at Arrow, Stansbury was responsible for leading the company's global finance organization and served as a member of the company's executive committee. Stansbury joined Arrow in 2014 as vice preside