Lumen Technologies: Why I'm Holding My 10% Yielding Notes [Seeking Alpha]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Seeking Alpha
Play 6min Summary Lumen Technologies is experiencing a share price surge driven by AI technology demands, despite a decline in third-quarter revenue and EBITDA. The company's operating cash flow surged to $3.6 billion, driven by deferred revenue from AI-related sales, leading to $1.3 billion in free cash flow. Lumen has restructured debt, reducing long-term debt to $18.6 billion, and engaged in a tender offer to address near-term maturities. I am holding onto my shares and 2028 notes, expecting Lumen to become a sustainable free cash flow generator. Ramberg/iStock via Getty Images Introduction Lumen Technologies ( NYSE: LUMN ) is a telecommunications company experiencing a share price surge due to the demands associated with AI technology. Back in September, I wrote about the company's latest debt exchange offer This article was written by Jeremy LaKosh 5.08K Follower s Follow About My Writing: I am currently focused on income investing through either comm
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LUMN
News
- Reply at Microsoft Ignite 2024: Dive into AI Innovation, Copilot Experiences, and the Future of Work [Yahoo! Finance]Yahoo! Finance
- 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 TAcquire Media Monitor
- 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 TPR Newswire
- My T-Mobile Home Internet Experience: The Good, the Bad and the Unexpected [CNET News]CNET News
- T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports [CNBC]CNBC
LUMN
Earnings
- 11/5/24 - Beat
LUMN
Sec Filings
- 11/20/24 - Form 3
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- LUMN's page on the SEC website