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Lumen Technologies Inc - LUMN STOCK NEWS

Welcome to our dedicated news page for Lumen Technologies (Ticker: LUMN), a resource for investors and traders seeking the latest updates and insights on Lumen Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lumen Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lumen Technologies's position in the market.

News
Lumen finds and disrupts malicious botnet targeting critical networks in U.S. and Asia
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) Black Lotus Labs Exposes Chinese Cyber Actor Behind Volt Typhoon's Attacks on Telecoms, Government, and Green Energy Sectors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.48%
Tags
none
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News
Lumen shares its Environmental, Social and Governance (ESG) Report: Unleashing the world's digital potential
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) has released its latest Environmental, Social and Governance (ESG) report, emphasizing the company's commitment to digital trust, social responsibility, and environmental stewardship. The report showcases key programs and initiatives in these areas, reflecting Lumen's dedication to ESG principles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.52%
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none
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News
Texas Rangers' World Series triumph backed by Lumen DDoS protection
Rhea-AI Summary
Lumen Technologies (LUMN) provided on-demand DDoS protection for the Texas Rangers during the World Series, ensuring uninterrupted stadium Wi-Fi and fan experience. The company's DDoS Hyper technology rerouted network traffic through global scrubbing centers to filter malicious activities, maintaining the integrity of clean traffic. Lumen's self-service mitigation services and advanced scrubbing center technology, combined with Black Lotus Labs® threat intelligence, created a safe environment for the Rangers and their fans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
none
News
Lumen Technologies to Present at Investor Conferences
Rhea-AI Summary
Lumen Technologies (LUMN) to be represented by Chris Stansbury, EVP and CFO, at upcoming investor conferences in November and December.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.35%
Tags
conferences
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News
Lumen Technologies Extends its NOL Rights Plan
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) has extended its NOL Rights Plan to Dec. 1, 2026, to safeguard its federal net operating loss carryforwards of approximately $1 billion as of Dec. 31, 2022, which can be used to reduce future U.S. federal income taxes. The amendment and restatement of the plan were approved by shareholders at the 2021 Annual Meeting, with intentions for further ratification at the 2024 Annual Meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.35%
Tags
none
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News
Lumen wins $110 million contract from Defense Information Systems Agency
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) has secured a $110 million contract from the U.S. Defense Information Systems Agency (DISA) to provide secure, mission-critical network services to the U.S. Department of Defense. The contract spans over a five-year period from November 30, 2023, through September 30, 2028, and includes operating and maintaining DISA's fiber backbone, colocation facilities, dark fiber, diverse end-to-end network infrastructure, new fiber builds, and system updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
none
News
Lumen Completes Sale of EMEA Business to Colt Technology Services for $1.8B
Rhea-AI Summary
Lumen Technologies has completed the sale of its EMEA business to Colt Technology Services for $1.8 billion in cash. The transaction represents an attractive multiple of approximately 11x for Lumen's EMEA business and brings significant value to Lumen's stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.16%
Tags
none
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News
Lumen builds on its network cloudification vision to offer burstable on-demand internet
Rhea-AI Summary
Lumen Technologies expands its Network-as-a-Service (NaaS) capability from 23 data centers to 136 across North America. The service, called Lumen Internet On-Demand, offers quick and flexible internet connections to businesses in various industries. Healthcare providers, technology companies, and government agencies are among the first customers to use the service. Lumen has also extended its NaaS reach to Digital Realty and Equinix Fabric customers in key markets, providing on-demand connections to thousands of business customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.88%
Tags
none
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News
Lumen Announces Broad Agreement With Creditors That Will Provide The Company with Significant Flexibility to Execute Its Transformation Strategy
Rhea-AI Summary
Lumen Technologies, Inc. (NYSE: LUMN) has entered into a transaction support agreement with creditors to extend maturities of debt instruments and receive $1.2 billion in new long-term debt. The consummation of the transactions is subject to closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.88%
Tags
none
News
Lumen Technologies reports third quarter 2023 results
Rhea-AI Summary
Lumen Technologies, Inc. reported increased Enterprise Channel revenue of $2.124 billion for Q3 2023 compared to $2.100 billion for Q2 2023. The company expects the sale of its EMEA business to close on Nov. 1. They also accelerated their Quantum Fiber-enabled location pacing, adding approximately 141 thousand fiber locations in Q3 2023. However, they reported a net loss of $(78) million for Q3 2023, compared to a net income of $578 million for Q3 2022. Diluted loss per share was $(0.08) for Q3 2023, compared to earnings per share of $0.57 for Q3 2022. Adjusted EBITDA was $1.049 billion for Q3 2023, compared to $1.688 billion for Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.88%
Tags
earnings
Stock LUMN logo
Lumen Technologies Inc

NYSE:LUMN

LUMN Rankings

#2273 Ranked by Market Cap
#5349 Ranked by Stock Gains
N/A Ranked by Dividends

LUMN Stock Data

1.40B
990.04M
2.32%
66.95%
14.17%
Telecommunications Resellers
Information
Link
US
Monroe

About LUMN

we are a global company of approximately 38,000 professionals, dedicated to empowering businesses to produce amazing things. driven by the challenges and opportunities of the 4th industrial revolution, we’re helping to change how people interact and how companies acquire, analyze and act on data with flexible, intelligent, secure and collaborative solutions built for the next generation of business.to learn more about our ambitious mission and data-driven approach to business solutions, visit www.lumen.com.