Lumen Technologies Inc Stock Price, News & Analysis

Lumen Technologies (NYSE: LUMN) will participate in three upcoming virtual investor conferences. Maxine Moreau will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26 at 5:10 p.m. EDT. Shaun Andrews will present at both the Cowen 49th Annual Technology, Media & Telecom Conference on June 3 at 10:30 a.m. EDT and Wells Fargo Virtual Media & Telco Day on June 7 at 1:15 p.m. EDT. Further webcast details are available on the Lumen Investor Relations website.

Lumen Technologies (LUMN) has declared a regular quarterly cash dividend of 25 cents per share, payable on June 11, 2021. Shareholders of record as of the close of business on June 1, 2021 will be eligible for this dividend. The ex-dividend date is set for May 28, 2021. This announcement underscores Lumen's commitment to providing returns to its shareholders while reinforcing its position in the technology sector with a robust fiber network spanning approximately 450,000 route miles across more than 60 countries.

Lumen Technologies (NYSE: LUMN) released its Q1 2021 DDoS report, highlighting the evolving complexity and frequency of DDoS attacks. The report reveals 700 active Command and Control servers from well-known IoT botnets like Gafgyt and Mirai, impacting 28,000 victims. Key findings include a largest DDoS attack at 268 Gbps and multi-vector mitigations comprising 41% of all defenses. The finance, software, and government sectors were the top targets. Lumen emphasizes the importance of DDoS defenses as organizational dependencies on applications grow.

On May 18, 2021, Lumen Technologies reported that 73% of retail leaders view Edge computing as a key investment, with 47% planning to invest within a year. The technology enhances digital experiences on sales floors and online, improving data access speed and security. A survey indicates that 83% of retailers expect real-time data access, crucial for customer engagement and operational efficiency. The rise in U.S. consumer confidence presents a growth opportunity, as retailers increasingly look to Edge computing to meet evolving digital demands.

Lumen Technologies (NYSE: LUMN) announced the award of a 12-year task order to provide secure high-speed connectivity and managed network services to the U.S. Navy Judge Advocate General (JAG) Corps. The contract, with a one-year initial term and 11 optional years, is part of the $50 billion Enterprise Infrastructure Solutions program. Lumen will use software-defined wide area networking (SD-WAN) and security services to support 20 Navy JAG sites across the continental U.S. This initiative aims to enhance operational efficiency for Navy legal solutions.

Lumen Technologies, Inc. (NYSE: LUMN) reported first-quarter 2021 results with total revenue of $5.029 billion, down from $5.228 billion in Q1 2020. Despite revenue declines across segments, the company achieved solid Adjusted EBITDA of $2.157 billion and Free Cash Flow of $809 million, significantly up from $325 million in the previous year. Lumen reiterated its 2021 financial outlook, expecting Free Cash Flow between $2.8 to $3.0 billion and Adjusted EBITDA at $8.4 to $8.6 billion.

Lumen Technologies (LUMN) highlights the growing importance of edge computing in manufacturing, as revealed by IDC Research. The study shows that 74% of operational data will be processed on-site, enhancing factory efficiency. Edge computing is crucial for overcoming challenges like latency and security in industrial operations, thus fostering better data-driven decision-making. Lumen's solutions help manufacturers streamline processes through real-time asset tracking and predictive maintenance. The shift towards automation and data reliance marks a pivotal transformation in the manufacturing sector.

Lumen Technologies (NYSE: LUMN) announced the appointment of Jason Lish as Chief Security Officer on April 15, 2021. Lish brings extensive experience in security leadership, previously serving as Chief Security, Privacy, and Data Officer at Advisor Group, Inc. He will oversee corporate security functions, including physical security, fraud management, and cybersecurity. Lumen's CTO, Andrew Dugan, emphasized the importance of protecting company assets to serve customers effectively. Lish's background is expected to bolster Lumen's security measures as the company supports the 4th Industrial Revolution.