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Lumen Technologies Inc - LUMN STOCK NEWS

Welcome to our dedicated news page for Lumen Technologies (Ticker: LUMN), a resource for investors and traders seeking the latest updates and insights on Lumen Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lumen Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lumen Technologies's position in the market.

News
Government Sector is Top Targeted Industry for DDoS Attacks in Q4 2023
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) released its Quarterly DDoS & Application Threat Report for Q4 2023, revealing a surge of DDoS attacks in the government sector. The report also highlights the increasing use of AI in cyberattacks and defense, with one government customer accounting for 1,759 attacks in Q4. Lumen's largest DDoS attack of 2023 reached a peak of 903 Gbps and targeted a telecom customer. The report also focuses on the rise of AI-driven attacks and the importance of application security in defending against cyber threats.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
Tags
earnings
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News
Lumen Technologies reports fourth quarter and full year 2023 results
Rhea-AI Summary
Lumen Technologies, Inc. reported a net loss of $(1.995) billion for the fourth quarter 2023, which included a non-cash goodwill impairment charge of $1.9 billion. Adjusted EBITDA for the fourth quarter 2023 was $1.099 billion, and the company reduced net debt by $1.6 billion for the full year 2023. However, the company reported a negative free cash flow of $(878) million for the full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.41%
Tags
earnings
-
News
Lumen names Networking Pioneer as Chief Technology Officer
Rhea-AI Summary
Lumen Technologies (LUMN) has appointed Dave Ward as its new Chief Technology Officer. Ward, known for his experience in networking technology, will lead the development and integration of Lumen's global network and disruptive technologies. His expertise in Network-as-a-Service (NaaS) technology is expected to accelerate Lumen's NaaS platform, aiming to disrupt the telecom industry with new digital experiences for enterprise customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.65%
Tags
none
News
Businesses Ask for Private, On-demand Network Connections, Lumen Delivers
Rhea-AI Summary
Lumen Technologies launches new private Ethernet and IP-VPN Network-as-a-Service solutions to meet the growing need for secure cloud connections and data protection. The company aims to help businesses manage sensitive data and comply with data protection laws through enhanced security, cost efficiency, scalability, and reliable connections.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.15%
Tags
none
-
News
Lumen Technologies sets fourth quarter 2023 earnings call date
Rhea-AI Summary
Lumen Technologies (LUMN) is set to release its fourth quarter 2023 results on Feb. 6, 2024. The company will host a live conference call to discuss the results, which will be available on its Investor Relations website. Investors can access the earnings release, investor presentation, and related materials on the same website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
earnings
-
News
Lumen Bolsters Runway to Execute Transformation
Rhea-AI Summary
Lumen Technologies, Inc. (NYSE: LUMN) has entered into an amended and restated transaction support agreement with a broadened group of creditors, representing over $12.5 billion of outstanding indebtedness and commitments. The agreement extends debt maturities, provides $1.325 billion of financing through new long-term debt, and access to a new revolving credit facility. The transactions are expected to be completed in the first quarter of 2024, demonstrating creditors' conviction in Lumen's turnaround plan and growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
none
News
Lumen is first in the industry to achieve a Wi-Fi CERTIFIED 7™ device
Rhea-AI Summary
Lumen Technologies (LUMN) becomes the first company to achieve Wi-Fi CERTIFIED 7™ device with its custom-developed solution, offering faster speeds and better coverage than Wi-Fi 6/6E. The company's Quantum Fiber Wi-Fi 7 solution includes two certified devices, W1700K and W1701K, designed for residential and small business customers. These devices provide higher data capacity, reliable and secure connectivity, and extended coverage, enabling speeds of up to 8 gigabits per second. Lumen's solution also incorporates advanced technologies such as MediaTek's Smart Link-Dispatch and cloud-based Digital Twin technology, along with support for OpenWRT standard with Wi-Fi EasyMesh™ and prplMesh for real-time orchestration and advanced device management capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none
-
News
Lumen Names Ashley Haynes-Gaspar Chief Revenue Officer
Rhea-AI Summary
Lumen Technologies (LUMN) appoints Ashley Haynes-Gaspar as Executive Vice President and Chief Revenue Officer to lead a team focused on accelerating Lumen's growth and consolidating its commercial divisions. The strategic actions include simplifying operations, prioritizing customer experience, and innovating for growth with initiatives like Network-As-A-Service (NaaS). Haynes-Gaspar aims to transform the business by putting customers at the core of everything they do.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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News
Lumen introduces a custom-built Wi-Fi 7 capable device for Quantum Fiber customers
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) introduces Wi-Fi 7 capable device offering faster speeds and better home coverage than Wi-Fi 6/6E. The technology will be showcased at the 2024 Consumer Electronics Show.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
News
Lumen names industry AI expert as Chief Product Officer
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) appoints Dr. Satish Lakshmanan as Chief Product Officer to lead corporate strategy and product portfolio, leveraging his cloud and networking expertise to drive innovation and digital transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
AI
Stock LUMN logo
Lumen Technologies Inc

NYSE:LUMN

LUMN Rankings

#2264 Ranked by Market Cap
#5349 Ranked by Stock Gains
N/A Ranked by Dividends

LUMN Stock Data

1.40B
990.04M
2.32%
66.95%
14.17%
Telecommunications Resellers
Information
Link
US
Monroe

About LUMN

we are a global company of approximately 38,000 professionals, dedicated to empowering businesses to produce amazing things. driven by the challenges and opportunities of the 4th industrial revolution, we’re helping to change how people interact and how companies acquire, analyze and act on data with flexible, intelligent, secure and collaborative solutions built for the next generation of business.to learn more about our ambitious mission and data-driven approach to business solutions, visit www.lumen.com.