Lumen Technologies Q1 2024 Adj EPS $(0.04) Misses $0.00 Estimate, Sales $3.290B Miss $3.367B Estimate

4/30/24 4:03:53 PM ET

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Lumen Technologies (NYSE:LUMN) reported quarterly Adj losses of $(0.04) per share which missed the analyst consensus estimate of $0.00. This is a 140 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $3.290 billion which missed the analyst consensus estimate of $3.367 billion by 2.28 percent. This is a 11.99 percent decrease over sales of $3.738 billion the same period last year.

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Recent Analyst Ratings for
$LUMN

Date	Price Target	Rating	Analyst
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
12/6/2022	$6.00	Neutral	Goldman

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Press Releases

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Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increase the Tender Consideration and Extend the Expiration Time
Results are set forth below for (i) Lumen's tender offers for its unsecured senior notes maturing in 2025, 2026 and 2027 and (ii) Level 3's tender offers for its unsecured senior notes maturing in 2027Amended terms are set forth below for (i) Lumen's tender offer for its unsecured senior notes maturing in 2028 and (ii) Level 3's tender offer for its unsecured senior notes maturing in 2028DENVER, Nov. 19, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) (the "Company" or "Lumen") announced today (1) the expiration and results of certain of the previously-announced cash tender offers (each, an "Expired Offer" and collectively, the "Expired Offers") of it and its indirect, wholly-owned
11/19/24 8:55:00 AM ET
$LUMN
Telecommunications Equipment
Telecommunications
Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029
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 $1,000 original principal amount of Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount e
11/15/24 4:15:00 PM ET
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Lumen Technologies to Present at BofA 2024 Leveraged Finance Conference
DENVER, Nov. 13, 2024 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chris Stansbury, Lumen's executive vice president and chief financial officer will present at the BofA 2024 Leveraged Finance Conference on December 3, 2024. The presentation is scheduled to begin at 10:10 a.m. ET. A live webcast link to the investor presentation will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations. About Lumen
11/13/24 4:15:00 PM ET
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$LUMN
Leadership Updates

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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
10/29/24 8:30:00 AM ET
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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
5/6/24 4:21:00 PM ET
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Telecommunications Equipment
Telecommunications
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
2/22/24 4:15:00 PM ET
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Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029
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
11/15/24 4:15:00 PM ET
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Lumen Technologies reports third quarter 2024 results
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
11/5/24 4:01:00 PM ET
$LUMN
Telecommunications Equipment
Telecommunications
Lumen Technologies sets third quarter 2024 earnings call date
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
10/7/24 4:05:00 PM ET
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Microsoft, Lumen Collaborate On AI-Driven Datacenter Expansion
Microsoft Corporation (NASDAQ:MSFT) is partnering with Lumen Technologies, Inc. (NYSE:LUMN) to leverage Microsoft Cloud for Lumen’s digital transformation. What Happened: The Redmond, Washington-based tech giant selected Lumen to enhance network capacity and support increased demand at its AI-driven datacenters. Lumen’s Private Connectivity Fabric provides dedicated fiber access and advanced digital services, enhancing connectivity and capacity for Microsoft’s datacenters to meet growing data demands. Lumen is transforming its operations by adopting Microsoft’s cloud and AI technologies to cut costs, eliminate legacy systems, enhance offerings, and develop new solutions. See Also
7/24/24 11:18:27 AM ET
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Microsoft And Lumen Announce Partnership For Lumen To Use Microsoft Cloud
7/24/24 8:12:48 AM ET
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Verizon, AT&T, and T-Mobile Set for Gains, Goldman Sachs Cites AI and Data Center Demand
Goldman Sachs analyst James Schneider, Ph. D., initiated coverage on the U.S. Telecom Services and infrastructure sector (14 companies) and is most constructive on wireless carriers and data centers. Schneider noted that the U.S. telecom industry is in a state of transformation. The U.S. telecom operators have refocused on their core business after emerging from a period as conglomerates marked by shareholder capital destruction. For the first time in a decade, the U.S. wireless operators are entering a period where both competitive and capital intensity are moderating simultaneously. He said this backdrop drove healthier growth and margin dynamics, with the potential for significan
7/1/24 1:35:58 PM ET
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Lumen Technologies Q1 2024 Adj EPS $(0.04) Misses $0.00 Estimate, Sales $3.290B Miss $3.367B Estimate

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Recent Analyst Ratings for $LUMN

$LUMN Press Releases

Fastest customizable press release news feed in the world

Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increase the Tender Consideration and Extend the Expiration Time

Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

Lumen Technologies to Present at BofA 2024 Leveraged Finance Conference

$LUMN Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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)

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)

Siegel Laurie bought $47,997 worth of shares (30,000 units at $1.60) (SEC Form 4)

$LUMN Leadership Updates

Live Leadership Updates

Former Microsoft CMO Joins Lumen's Board of Directors

Lumen Appoints Chad Ho as Executive Vice President and Chief Legal Officer

Lumen strengthens technology transformation with new board appointment

$LUMN SEC Filings

SEC Form 10-Q filed by Lumen Technologies Inc.

Lumen Technologies Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 8-K filed by Lumen Technologies Inc.

$LUMN Large Ownership Changes

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SEC Form SC 13G filed by Lumen Technologies Inc.

SEC Form SC 13G/A filed by Lumen Technologies Inc. (Amendment)

SEC Form SC 13G/A filed by Lumen Technologies Inc. (Amendment)

$LUMN Analyst Ratings

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$LUMN Insider Trading

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$LUMN Market Insights

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Lumen Technologies downgraded by Wells Fargo with a new price target

Lumen Technologies upgraded by Goldman with a new price target

Lumen Technologies upgraded by JP Morgan

New insider Ward David D. claimed ownership of 1,545,401 shares (SEC Form 3)

President & CEO Johnson Kathleen E gifted 65,834 shares and received a gift of 65,834 shares, decreasing direct ownership by 0.95% to 6,889,251 units (SEC Form 4)

President & CEO Johnson Kathleen E covered exercise/tax liability with 51,205 shares, decreasing direct ownership by 0.73% to 6,955,085 units (SEC Form 4)

Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

Lumen Technologies reports third quarter 2024 results

Lumen Technologies sets third quarter 2024 earnings call date

Microsoft, Lumen Collaborate On AI-Driven Datacenter Expansion

Microsoft And Lumen Announce Partnership For Lumen To Use Microsoft Cloud

Verizon, AT&T, and T-Mobile Set for Gains, Goldman Sachs Cites AI and Data Center Demand

Recent Analyst Ratings for
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