Lumen Technologies (LUMN) Stock Price, News & Analysis

Company Overview

Lumen Technologies Inc. is a forward-thinking, technology-based communication, security solutions and cloud-based services provider. Lumen was first known as CenturyLink, founded in 1930 by F.E. Hogan, Sr., and has since become one of the largest telecommunications companies in the United States. 

Headquartered in Monroe, Louisiana, Lumen Technologies offers network services, communications, security, cloud solutions, voice and managed services to global enterprise customers across North America, Europe, the Middle East, Latin America, Asia and Africa Pacific. The company has a long history of acquisitions and mergers, the most recent being its acquisition of Level 3 Communications in 2016. 

Since its inception, Lumen Technologies has stood out as a leader in the telecommunications industry. In 1947, Clarke Williams purchased the Marion Telephone Company, and in 1967, the company served three states with 10,000 access lines. In 1971, the company was renamed Century Telephone Enterprises and listed on the New York Stock Exchange under the ticker symbol CTL.

On September 14, 2020, CenturyLink announced it was changing its name to Lumen Technologies Inc. On August 3, 2021, Lumen announced it had agreed to sell its Incumbent Local Exchange Carrier (ILEC) operations in 20 states to Apollo Global Management for $7.5 billion. An ILEC is a traditional telephone company serving a particular geographic area for an extended period. They typically own and operate the local phone networks and provide local telephone and data services. This deal closed in October 2022, and the product rebranded as Brightspeed. Kate Johnson became the CEO and board member on February 7, 2023.

Lumen Technologies Inc. is still a strong contender in the telecommunications industry, having achieved substantial success through acquisitions and mergers over the years. With new CEO Johnson at the helm, the company is well-positioned to continue its growth trajectory while providing the latest in communications, security solutions and cloud-based services to global enterprise customers. Lumen Technologies’ strong history in the telecommunications industry paves the way for the potential for future growth.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $7.39 to $7.79
• 50-Day Range: $6.00 to $10.13
• 52-Week Range: $0.97 to $10.33
• Volume: 9.88 million shs
• Average Volume: 19.85 million shs
• Market Capitalization: $7.66 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.02
• Consensus Rating: Reduce

Lumen Technologies Stock Analysis - MarketRank™

Lumen Technologies scored higher than 48% of companies evaluated by MarketBeat, and ranked 194th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Lumen Technologies has received a consensus rating of Reduce. The company's average rating score is 1.63, and is based on no buy ratings, 5 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Lumen Technologies has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Lumen Technologies are expected to decrease in the coming year, from ($0.38) to ($0.94) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lumen Technologies is -3.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lumen Technologies is -3.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Lumen Technologies has a P/B Ratio of 18.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.98% of the float of Lumen Technologies has been sold short.

Short Interest Ratio / Days to Cover

Lumen Technologies has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lumen Technologies has recently decreased by 1.38%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Lumen Technologies does not currently pay a dividend.

Dividend Growth

Lumen Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.93

Percentage of Shares Shorted

6.98% of the float of Lumen Technologies has been sold short.

Short Interest Ratio / Days to Cover

Lumen Technologies has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lumen Technologies has recently decreased by 1.38%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.49

News Sentiment

Lumen Technologies has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Lumen Technologies this week, compared to 8 articles on an average week.

Search Interest

66 people have searched for LUMN on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.

MarketBeat Follows

Only 23 people have added Lumen Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -39% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Lumen Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $47,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.68% of the stock of Lumen Technologies is held by insiders.

Percentage Held by Institutions

66.19% of the stock of Lumen Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LUMN Stock Analysis - Frequently Asked Questions

How have LUMN shares performed this year?

Lumen Technologies' stock was trading at $1.83 at the beginning of the year. Since then, LUMN shares have increased by 312.6% and is now trading at $7.55.
View the best growth stocks for 2024 here.

How were Lumen Technologies' earnings last quarter?

Lumen Technologies, Inc. (NYSE:LUMN) announced its quarterly earnings data on Tuesday, November, 5th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by $0.04. Lumen Technologies's revenue was down 11.5% on a year-over-year basis.
Read the conference call transcript.

Does Lumen Technologies have any subsidiaries?

The following companies are subsidiaries of Lumen Technologies: Streamroot, SEAL Consulting, Level 3 Communications, Level 3 Parent, ElasticBox Inc., netAura, Orchestrate, and others.

Who are Lumen Technologies' major shareholders?

Top institutional shareholders of Lumen Technologies include State Street Corp (4.98%), Charles Schwab Investment Management Inc. (3.04%), Geode Capital Management LLC (2.30%) and Two Sigma Advisers LP (0.87%). Insiders that own company stock include Kathleen E Johnson, Christopher Stansbury, James Fowler, Steven T Clontz, T Michael Glenn and Martha Helena Bejar.
View institutional ownership trends.

How do I buy shares of Lumen Technologies?

Shares of LUMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Lumen Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lumen Technologies investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 11/05/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Telephone communication, except radio
• Sub-Industry: Integrated Telecommunication Services
• Current Symbol: NYSE:LUMN
• CUSIP: 15670010
• CIK: 18926
• Web: www.centurylink.com
• Phone: (318) 388-9000
• Fax: 318-388-9562
• Employees: 28,000
• Year Founded: 1968

Price Target and Rating

• Average Stock Price Target: $4.02
• High Stock Price Target: $6.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: -46.7%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-10,298,000,000.00
• Net Margins: -16.06%
• Pretax Margin: -16.94%
• Return on Equity: -49.74%
• Return on Assets: -0.64%

Debt

• Debt-to-Equity Ratio: 53.05
• Current Ratio: 1.20
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $14.56 billion
• Price / Sales: 0.53
• Cash Flow: $2.79 per share
• Price / Cash Flow: 2.71
• Book Value: $0.41 per share
• Price / Book: 18.41

Miscellaneous

• Outstanding Shares: 1,014,810,000
• Free Float: 997,763,000
• Market Cap: $7.66 billion
• Optionable: Optionable
• Beta: 1.21