Lumen Technologies Inc Stock Price, News & Analysis

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.

Lumen Technologies (NYSE: LUMN) will report its fourth quarter 2021 results on Feb. 9, 2022, with a live conference call scheduled for 5 p.m. ET. Investors can access the call via the company’s Investor Relations website or dial in directly. The call will be archived for replay starting at 8 p.m. ET on the same day until May 1, 2022. Lumen serves over 60 countries with approximately 450,000 route fiber miles, focusing on delivering secure platforms for applications and data.

Jeff Storey, president and CEO of Lumen Technologies (NYSE: LUMN), will present at the Citi AppsEconomy Conference on January 6 at noon EST. This event highlights Lumen's commitment to leveraging technology to enhance business and community experiences. With approximately 450,000 route fiber miles serving clients in over 60 countries, Lumen focuses on providing a secure platform for applications and data. For webcast details, visit the Lumen Investor Relations website.

The U.S. Army Reserve Command has awarded Lumen Technologies (NYSE: LUMN) a contract worth $23 million to provide Virtual Private Network (VPN) services across over 650 Army Reserve locations. This 11-year task order includes an initial year and ten options. The contract was awarded under the General Services Administration's $50 billion Enterprise Infrastructure Solutions program. Lumen's services will enhance remote access for Army Reservists, supporting critical operations.

Lumen Technologies (NYSE: LUMN) will be presenting at the UBS Global TMT Virtual Conference on December 7 at 3:00 p.m. EST. Shaun Andrews, the executive vice president and chief marketing officer, will lead the presentation. Investors can access the webcast via the Lumen Investor Relations website, with further details available online.

Lumen operates a vast network with approximately 450,000 route fiber miles, servicing customers in over 60 countries, aiming to enhance human progress through technology.

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.