Why Is Lumen (LUMN) Down 27.1% Since Last Earnings Report? [Yahoo! Finance]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Lumen due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Lumen reported an adjusted loss (excluding special items) of 13 cents per share for the third quarter of 2024, which was narrower than the Zacks Consensus Estimate of a loss of 20 cents. The company reported a loss per share of 9 cents in the prior-year quarter. Quarterly total revenues were $3.221 billion, down 11.5% year over year. The decline was due to the negative impact of divestitures, commercial agreements and the sale of the CDN business. However, the metric beat the Zacks Consensus Estimate by 0.6%. Driven by significant AI-fueled connectivity demand, Lumen secured an additional $3 billion in incremental Private Connectivity Fabric (“PCF”) deals, bringing the total to $
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News
- Why Did Lumen Technologies Inc. (LUMN) Jump Yesterday? [Yahoo! Finance]Yahoo! Finance
- Lumen Technologies, Inc. (NYSE: LUMN) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $4.25 price target on the stock, up previously from $4.00.MarketBeat
- Lumen Reportedly Looking to Offload its Consumer Fiber Business [Yahoo! Finance]Yahoo! Finance
- Dataprise Welcomes Accomplished Finance Leader Siobhan de Leeuw as New Chief Financial OfficerPR Web
- Lumen & Prometheus Hyperscale Partner for Sustainable AI Data Centers [Yahoo! Finance]Yahoo! Finance
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