Lumen Technologies Inc Stock Price, News & Analysis

Brightspeed has appointed Christie Grumbos as Chief Financial Officer, effective immediately. Reporting to CEO Bob Mudge, she will oversee finance, accounting, and treasury operations, and lead capital planning for the company's ambitious $2 billion fiber optics transformation strategy. Grumbos has over 25 years of experience in finance, having served as CFO at Terminix and held senior roles at Vivint Smart Homes and Windstream Holdings. Brightspeed aims to extend high-speed internet service to three million households across multiple states, addressing the digital divide.

Lumen Technologies (NYSE: LUMN) has launched the Lumen Edge Gateway, a platform designed to facilitate rapid deployment of virtualized services without the need for hardware changes. Targeting medium to large enterprises, this compute platform enhances application and network service efficiency while reducing operational costs. The Edge Gateway supports multiple vendor services and offers self-managed and Lumen-managed capabilities. This innovation aims to keep businesses competitive and agile in a fast-evolving digital landscape.

Lumen Technologies (LUMN) has launched a new managed security solution for remote workers and branch offices, compliant with the U.S. Cybersecurity and Infrastructure Security Agency's (CISA) TIC 3.0 initiative. This service is available through the GSA's $50 billion Enterprise Infrastructure Solutions contract, allowing federal agencies to enhance cybersecurity. Powered by Palo Alto Networks Prisma® Access, the solution meets rigorous federal security standards. Lumen remains a key provider of Managed Trusted Internet Protocol Services, supporting agencies in adapting to modern communications and IT services.

Lumen Technologies (NYSE: LUMN) will be represented by Mass Markets President Maxine Moreau at the 5th Annual Virtual Wells Fargo TMT Summit on December 2, 2021, starting at 1:20 p.m. EST. Investors can access the webcast through Lumen's Investor Relations website. Lumen is committed to leveraging technology to enhance the way businesses and communities operate, boasting approximately 450,000 route fiber miles and serving clients in over 60 countries.

Lumen Technologies (NYSE: LUMN) has announced a regular quarterly cash dividend of 25 cents per share. This dividend will be payable on December 10, 2021, to shareholders on record as of November 29, 2021. The ex-dividend date is set for November 26, 2021. With approximately 450,000 fiber route miles across 60 countries, Lumen aims to enhance technology's role in everyday life.

Brightspeed, launched on Nov. 17, 2021, aims to establish itself as a leading telecom provider by leveraging the ILEC assets of Lumen Technologies across 20 states. Backed by Apollo-managed funds, the company plans to invest over $2 billion to enhance connectivity through fiber optics, targeting up to three million homes over the next five years. The leadership team, including CEO Bob Mudge, boasts extensive industry experience. Brightspeed's goal is to bridge the digital divide while establishing its headquarters in Charlotte, NC.

The Lumen Technologies Q3 DDoS Report reveals significant increases in DDoS attack metrics, including a 35% rise in mitigated attacks compared to Q2. The largest bandwidth attack reached 612 Gbps, a 49% increase, while the longest attack lasted 14 days. Complex attack strategies have emerged, with 28% of multi-vector mitigations involving four different attack types. Despite a 26% decrease in unique command and control servers for major botnet families, global DDoS botnet hosts surged 45% to over 217,000.

Lumen Technologies reported third-quarter results for 2021, marking total revenue of $4.887 billion, down from $5.167 billion in the same period of 2020. Significant metrics include Free Cash Flow of $1.040 billion, an increase from $806 million a year prior, and Net Income rising to $544 million from $366 million. The company updated its financial outlook for 2021, maintaining adjusted EBITDA expectations between $8.4 billion and $8.6 billion and free cash flow projections from $3.6 billion to $3.8 billion.

Lumen Technologies (LUMN) and Cisco (CSCO) have expanded their partnership to introduce the Lumen Solutions for Cisco Unified Communications Manager Cloud. This collaboration aims to enhance remote and hybrid work environments by providing advanced, cloud-based communication solutions. Key benefits include a five-year ROI of 497%, a 62% reduction in operational costs, and a significant decrease in unplanned downtime. The solution is designed to support businesses in maximizing their existing UC&C investments without hefty capital outlays.