Lumen Technologies Inc Stock Price, News & Analysis

Brightspeed has announced the signing of a lease agreement for its corporate headquarters in Charlotte, North Carolina, set to occupy over 27,000 square feet in the Vantage South End building by the fourth quarter of 2022. This location will facilitate corporate functions like legal, marketing, and finance while supporting a network build across 20 states. The company plans to hire over 100 local employees. Brightspeed is investing $2 billion to enhance internet infrastructure, aiming to reach up to 3 million homes and businesses in five years, using acquired assets from Lumen Technologies (NYSE: LUMN).

Lumen Technologies (NYSE: LUMN) will present at the Morgan Stanley 2022 Technology, Media & Telecom Conference on March 8, 2022, at 4:45 p.m. PST. Laurinda Pang, president of global customer success, will represent the company during this event in San Francisco, California. Investors can access webcast information at Lumen's Investor Relations website. With a network of approximately 500,000 route fiber miles across over 60 countries, Lumen aims to enhance business, government, and community experiences through advanced technology.

Lumen Technologies (NYSE: LUMN) has been recognized as a Leader in the February 2022 Gartner Magic Quadrant for Network Services, marking its second consecutive year in this position. The report evaluates network service providers based on their Ability to Execute and Completeness of Vision. Since launching the Lumen Platform in 2021, the company has expanded its global capabilities, including increasing global edge nodes and enhancing its API marketplace. This recognition underscores Lumen's focus on customer success and digital transformation in the 4th Industrial Revolution.

Lumen Technologies (NYSE: LUMN) has declared a quarterly cash dividend of $0.25 per share, payable on March 18, 2022. Shareholders of record as of March 8, 2022 will receive this dividend, with an ex-dividend date set for March 7, 2022. With approximately 450,000 route fiber miles and operations in over 60 countries, Lumen aims to enhance technology for business and community experiences.

Lumen Technologies (NYSE: LUMN) is enhancing the Solana blockchain network by providing high-speed edge computing infrastructure. This collaboration enables developers and node operators to utilize Lumen's Edge Bare Metal services, promoting decentralized operations and rapid network expansion. Solana, known for processing tens of thousands of transactions per second, benefits from reduced latency and improved security through Lumen's extensive fiber connectivity. This partnership aims to remove barriers for decentralized networks, fostering adoption across more traditional industries amidst global supply chain challenges.

Lumen Technologies (NYSE: LUMN) reports tracking over 20,000 DDoS attacks in 2021, with significant increases in unique Command and Control servers linked to botnets Gafgyt and Mirai. The most attacked sectors were Telecommunications, Software, and Government, driven by financial motives for attackers. In Q4 2021, voice service providers emerged as new targets. The company emphasizes the importance of DDoS mitigation services and monitoring attack surfaces, citing rising ransom DDoS attacks and the persistence of reflection-style attacks. For full insights, view their detailed report.

Brightspeed has appointed Courtland Madock as Chief Marketing Officer, effective immediately. Madock will oversee marketing and sales operations, aiming to enhance brand identity and customer engagement. Previously Vice President of Marketing at UScellular, she brings significant experience in the telecommunications industry.

Brightspeed plans to invest over $2 billion in building a high-speed fiber network to serve up to three million homes over the next five years. This development is part of a strategic initiative following its acquisition of ILEC assets from Lumen Technologies (NYSE: LUMN) by Apollo-managed funds (NYSE: APO).

Lumen Technologies (NYSE: LUMN) reported Q4 2021 revenue of $4.847 billion, declining from $5.125 billion in Q4 2020. Full-year 2021 revenue was $19.687 billion, down from $20.712 billion in 2020. The company achieved strong free cash flow of $759 million despite a decrease from $924 million YoY. Lumen executed a $1 billion share repurchase program and announced strategic asset sales to enhance its growth strategy. The 2022 outlook includes estimated adjusted EBITDA of $6.5 to $6.7 billion and free cash flow of $1.6 to $1.8 billion, with a dividend of $1.00 per share.

The U.S. Department of Agriculture (USDA) awarded Lumen Technologies (NYSE: LUMN) a task order exceeding $1.2 billion to provide integrated data transport services to over 9,500 USDA locations. This contract, which supports nearly 100,000 USDA employees, includes advanced solutions such as software-defined wide area network (SD-WAN), managed security, and edge computing. The 11-year task order, part of the $50 billion Enterprise Infrastructure Solutions program, enables the USDA to enhance its operations in farming, food, and nutrition services.