Lumen Stock Up More Than 360% in 3 Months: Cash in or Stay Invested? [Yahoo! Finance]
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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Source: Yahoo! Finance
This meteoric rise has undoubtedly caught the attention of investors, prompting questions about whether to capitalize on gains or maintain a long-term investment stance. Image Source: Zacks Investment Research Closing at $5.68 as of yesterday's trading session, LUMN stock is currently trading 27.5% below its 52-week high of $7.83, attained on Aug. 7, 2024. Technical indicators are supportive of Lumen's strong performance. The stock is trading above both its 100-day and 200-day moving averages, indicating robust upward momentum and price stability. Image Source: Zacks Investment Research LUMN Stock Skyrockets on AI Buzz Lumen stock has been gaining due to the buzz surrounding AI. In August 2024, the company announced that it had secured $5 billion in new business deals attributed to significant AI-fueled connectivity demand. As AI needs surge, large companies across various industries urgently seek fiber capacity, which is becoming highly valuable and potentially scarce. LUMN
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CIEN
Earnings
- 9/4/24 - Beat
CIEN
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/16/24 - Form 144
- CIEN's page on the SEC website