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Lumen Technologies, Inc. - $LUMN STOCK NEWS

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

Lumen Technologies, Inc. (NYSE: LUMN) is a leading global telecommunications and technology company dedicated to transforming the way businesses and individuals interact with the digital world. With a workforce of approximately 38,000 professionals, Lumen is at the forefront of the 4th Industrial Revolution, offering flexible, intelligent, secure, and collaborative solutions for the next generation of business.

Lumen's extensive infrastructure includes 450,000 route miles of fiber, making it one of the largest telecommunication carriers in the United States. The company's strategic shift towards enterprise services was marked by its merger with Level 3 in 2017 and the divestiture of much of its ILEC business in 2022. Today, Lumen generates about 75% of its revenue from enterprise services, providing a full spectrum of communications solutions, including colocation and data center services, data transportation, and end-user phone and Internet services.

On the consumer side, Lumen delivers broadband and phone services across 37 states, serving 4.5 million broadband customers. The company is committed to enhancing the digital experience by leveraging its network strength, which spans metro connectivity, long-haul data transport, edge cloud, security, and managed service capabilities.

Lumen is also a recognized leader in cybersecurity. The latest Lumen Quarterly DDoS & Application Threat Report for Q4 2023 highlights a surge in DDoS attacks targeting the government sector. Lumen's advanced threat intelligence, powered by AI and machine learning, has been pivotal in mitigating these threats. The company's Black Lotus Labs threat intelligence team continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.

Financially, Lumen has shown robust performance. The company reported total revenue of $3.290 billion for Q1 2024, alongside substantial improvements in customer satisfaction and significant broadband net additions. After executing a comprehensive debt restructuring plan, Lumen now enjoys a strengthened liquidity position and a streamlined debt maturity profile.

Recent achievements include securing a $73.6 million contract to transform the U.S. Government Accountability Office's (GAO) network infrastructure and launching Lumen Defender, a cutting-edge AI-driven cybersecurity tool designed to proactively block evolving threats at the network edge.

For more information about Lumen Technologies and their ambitious mission, please visit www.lumen.com.

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Lumen Technologies has appointed James 'Jim' Fowler to its board of directors. Fowler has over 25 years of experience in technology leadership roles and is currently the Executive Vice President and Chief Technology Officer of Nationwide Insurance. He will bring his expertise in innovation and digital transformation to Lumen as they disrupt the telecommunications industry with their Network-as-a-service platform.
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Lumen Technologies (NYSE: LUMN) to Present at TD Cowen 9th Annual Communications Infrastructure Summit on August 8
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Lumen Technologies has launched its flagship capability on its Network-as-a-Service (NaaS) platform, offering customers radical flexibility in how they buy, use, and manage networking services. The company aims to disrupt the telecom industry by providing a cloud-like experience for networking. The NaaS platform will expand to include security services and edge services in the future.
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Lumen Technologies (NYSE: LUMN) appoints Ana White as Executive Vice President and Chief People Officer, bringing her extensive experience in HR strategy, change management, and innovation. White's track record includes driving cultural transformation at F5 and leading global HR teams at Microsoft, aligning with Lumen's goal of reshaping the company and setting the stage for a turnaround. Her appointment signifies Lumen's commitment to human-first, high-performance workplace culture.
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Lumen Technologies will release its second quarter 2023 results on Aug. 1, 2023. The company will broadcast a live conference call on its Investor Relations website. The call will be archived and available as an audio replay on Lumen's Investor Relations website.
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FAQ

What is Lumen Technologies, Inc.?

Lumen Technologies, Inc. (NYSE: LUMN) is a global telecommunications and technology company specializing in enterprise and consumer communication services.

What services does Lumen offer?

Lumen provides a range of services including colocation and data center services, data transportation, end-user phone and internet services, and cybersecurity solutions.

How extensive is Lumen’s network infrastructure?

Lumen operates one of the largest telecommunication networks in the U.S. with 450,000 route miles of fiber.

What was the impact of Lumen's merger with Level 3?

The merger helped Lumen shift its focus from legacy consumer business to enterprise services, now generating about 75% of its revenue from enterprise clients.

What is Lumen's role in cybersecurity?

Lumen is a leader in cybersecurity, using AI and machine learning to provide comprehensive threat intelligence and mitigation services through its Black Lotus Labs.

How does Lumen support consumer services?

Lumen provides broadband and phone services across 37 states, serving over 4.5 million broadband customers.

What are Lumen’s recent financial highlights?

Lumen reported $3.290 billion in revenue for Q1 2024 and has significantly improved its liquidity and debt maturity profile following a major restructuring.

What are some of Lumen's recent achievements?

Recent achievements include securing a $73.6 million contract with the U.S. GAO and launching Lumen Defender, an AI-driven cybersecurity tool.

Where can I find more information about Lumen Technologies?

You can visit Lumen’s official website at www.lumen.com for more information about their services and latest news.

How does Lumen contribute to the 4th Industrial Revolution?

Lumen contributes by offering flexible, intelligent, secure, and collaborative solutions that help businesses transform how they acquire, analyze, and act on data.

Lumen Technologies, Inc.

NYSE:LUMN

LUMN Rankings

LUMN Stock Data

1.09B
992.56M
2.15%
67.27%
14.27%
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