Lumen Technologies downgraded by Citigroup with a new price target
$LUMN
Telecommunications Equipment
Telecommunications
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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Recent Analyst Ratings for $LUMN
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
Lumen Announces a Refinancing of its Term Loans under the Level 3 Financing, Inc. Credit Agreement
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.
Lumen and Ciena Transmit Record-breaking 1.2 Tbps Wavelength Service Across 3,050 Kilometers
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
Lumen Technologies to Attend Investor Conferences
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
Lumen Technologies upgraded by Citigroup with a new price target
Citigroup upgraded Lumen Technologies from Neutral to Buy and set a new price target of $6.50 from $8.00 previously
Lumen Technologies upgraded by Wells Fargo with a new price target
Wells Fargo upgraded Lumen Technologies from Underweight to Equal Weight and set a new price target of $5.00
Lumen Technologies downgraded by Wells Fargo with a new price target
Wells Fargo downgraded Lumen Technologies from Equal Weight to Underweight and set a new price target of $4.00 from $1.75 previously
Director Fowler James bought $46,990 worth of shares (10,000 units at $4.70), increasing direct ownership by 3% to 384,056 units (SEC Form 4)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
Johnson Kathleen E bought $959,850 worth of shares (750,000 units at $1.28), increasing direct ownership by 11% to 7,756,290 units (SEC Form 4)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
Siegel Laurie bought $47,997 worth of shares (30,000 units at $1.60) (SEC Form 4)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
President & CEO Johnson Kathleen E was granted 3,331,063 shares and covered exercise/tax liability with 739,237 shares, increasing direct ownership by 38% to 9,481,077 units (SEC Form 4)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
EVP and Chief Revenue Officer Haynes-Gaspar Ashley was granted 500,191 shares and covered exercise/tax liability with 104,946 shares, increasing direct ownership by 31% to 1,650,651 units (SEC Form 4)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
SVP and Controller Genschaw Andrea was granted 266,059 shares, covered exercise/tax liability with 36,604 shares and returned 22,531 shares to the company, increasing direct ownership by 48% to 639,567 units (SEC Form 4)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
SEC Form DEFA14A filed by Lumen Technologies Inc.
DEFA14A - Lumen Technologies, Inc. (0000018926) (Filer)
SEC Form DEF 14A filed by Lumen Technologies Inc.
DEF 14A - Lumen Technologies, Inc. (0000018926) (Filer)
SEC Form PRE 14A filed by Lumen Technologies Inc.
PRE 14A - Lumen Technologies, Inc. (0000018926) (Filer)
Former Microsoft CMO Joins Lumen's Board of Directors
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
Lumen Appoints Chad Ho as Executive Vice President and Chief Legal Officer
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
Lumen strengthens technology transformation with new board appointment
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
Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 3.75% Senior Exchangeable Debentures Due 2030
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
Lumen Technologies reports fourth quarter and full year 2024 results
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
Lumen Technologies announces Q4 earnings release date
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
SEC Form SC 13G filed by Lumen Technologies Inc.
SC 13G - Lumen Technologies, Inc. (0000018926) (Subject)
SEC Form SC 13G/A filed by Lumen Technologies Inc. (Amendment)
SC 13G/A - Lumen Technologies, Inc. (0000018926) (Subject)
SEC Form SC 13G/A filed by Lumen Technologies Inc. (Amendment)
SC 13G/A - Lumen Technologies, Inc. (0000018926) (Subject)