Lumen Technologies Inc Stock Price, News & Analysis

Lumen Technologies (NYSE: LUMN) will announce its second quarter 2021 results on Aug. 4, 2021, with a live conference call scheduled for 5 p.m. ET. Investors can access the call on Lumen's Investor Relations website or via phone. An audio replay will be available from 7 p.m. ET on Aug. 4 until Nov. 2, 2021. The company emphasizes its extensive global reach, operating approximately 450,000 route fiber miles across 60 countries, aimed at advancing technology to enhance business and community experiences.

Lumen Technologies (NYSE: LUMN) has been awarded Frost & Sullivan's 2021 Enabling Platform Leadership Award for its Next Generation 911 platform, marking it as the first recipient in the NG911 market. The platform enhances 911 call delivery, allowing improved data integration for public safety applications, ultimately benefiting first responders and communities. Lumen's architecture meets national i3 standards and is designed to evolve with future technologies, strengthening emergency response capabilities across various jurisdictions.

Lumen Technologies highlights the significance of Edge Computing in healthcare, emphasizing its role in reducing latency and enhancing patient care. A survey reveals that 46% of healthcare IT leaders require ultra-low latency (5 milliseconds) for effective operations. The benefits include quicker decision-making, improved emergency response, and efficient data access. As nearly half of healthcare organizations plan to invest in Edge Computing within a year, the technology promises to transform patient experiences through faster data processing and real-time access to critical information.

Lumen Technologies has launched Lumen Solutions for Microsoft Teams, a managed communications solution aimed at enhancing remote collaboration for organizations. This offering addresses the growing demand for agile work environments, allowing employees to work seamlessly from anywhere.

By integrating Microsoft Teams' capabilities with Lumen's secure network, businesses can improve productivity and customer support. The solution also provides advanced analytics, giving organizations essential insights for decision-making.

Black Lotus Labs, the threat intelligence division of Lumen Technologies (NYSE: LUMN), released a report on a suspected Pakistani threat actor compromising targets in South Asia, including an Indian power company. This actor is utilizing a custom remote access trojan (RAT) named ReverseRat alongside an open-source RAT, Allakore. The report highlights the actor's advanced evasion techniques and critical target selection. Black Lotus Labs has taken measures to null-route the actor's infrastructure and advises organizations to be proactive in defense strategies against such threats.

Lumen Technologies completed a private offering of $1.0 billion in 5.375% Senior Notes due 2029. The net proceeds, along with available cash, will be used to repay its 6.45% Senior Notes, Series S, due 2021. This strategic move is aimed at optimizing the company's debt structure. The notes were placed privately without registration under the Securities Act of 1933.

Lumen Technologies has launched Lumen Media Transformation, enabling media distributors to deliver video content more efficiently across devices globally. This fully-managed service enhances the user experience with advanced encoding technologies and supports OTT delivery, fostering rapid market entry for broadcasters and pay-TV operators. The OTT market is projected to exceed 1.24 billion subscribers in 2021, with a 21% revenue growth. Lumen's service requires no new hardware, facilitating seamless integration into existing workflows.

Black Lotus Labs, part of Lumen Technologies (NYSE: LUMN), identified a hacktivist campaign exploiting misconfigured routers to spread an anti-government manifesto. This incident, revealed on June 4, 2021, involved over 18,000 devices globally at risk due to vulnerabilities. The attackers compromised routers starting May 13, 2021, altering configurations and replacing them with propaganda. Despite past recommendations for configuration security, the risk remains significant as Black Lotus Labs continues to monitor the threat.

Lumen Technologies (NYSE: LUMN) announced the sale of $1.0 billion in unsecured 5.375% Senior Notes due 2029. The notes will mature on June 15, 2029, and are priced to investors at par. The company plans to use proceeds, along with cash on hand, for general corporate purposes, particularly to repay its existing 6.45% Senior Notes due 2021 at maturity. The offering is expected to close on June 15, 2021. The 2029 Notes will not be registered under the Securities Act and are offered only to qualified institutional buyers.