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 telecommunications resellers company that describes itself as the trusted network for AI, with a focus on connecting people, data, and applications. The LUMN news feed on Stock Titan aggregates company announcements, press releases, and other updates that Lumen issues to the market.
In its public communications, Lumen emphasizes its network, edge cloud, security, managed service, and digital platform capabilities. News about Lumen often highlights how these capabilities are used to support AI-era workloads and digital transformation, including offerings such as Lumen Defender Managed Rules for AWS Network Firewall, which extends Black Lotus Labs threat intelligence into cloud environments.
Investors and followers of LUMN can use the news page to track announcements about earnings conference calls, quarterly and full-year financial results, and investor presentations, which Lumen typically references in its press releases and related materials. The feed also captures updates on financing activities conducted through subsidiaries like Level 3 Financing, Inc., including senior note offerings, tender offers for existing second lien notes, and amendments to credit agreements.
Beyond financial and capital structure news, Lumen issues updates on leadership changes, such as appointments and resignations of key executives, and on community initiatives like the Teachers and Technology grant program operated through the Lumen Clarke M. Williams Foundation. These stories provide context on the company’s governance, strategic priorities, and community engagement.
By reviewing the LUMN news stream, readers can follow how Lumen presents its role as a network and security provider for AI applications, how it manages its debt and credit facilities, and how it communicates operational and leadership developments over time.
Lumen Technologies (NYSE: LUMN) reported Q2 2024 results, showing continued success in North American Large and Mid-Market Enterprise sales. The company reported a Net Loss of $(49) million, compared to $(8.736) billion in Q2 2023. Total Revenue was $3.268 billion, down from $3.661 billion year-over-year. Adjusted EBITDA excluding Special Items was $1.011 billion, compared to $1.229 billion in Q2 2023. Free Cash Flow, excluding Special Items, was negative $(156) million.
Lumen updated its full-year 2024 outlook, projecting Adjusted EBITDA of $3.9 to $4.0 billion and Free Cash Flow of $1.0 to $1.2 billion. The company highlighted its partnership with Microsoft and potential to capitalize on AI-driven demand for high-bandwidth infrastructure.
Lumen Technologies (NYSE: LUMN) has secured $5 billion in new business driven by major demand for connectivity fueled by AI. The company is in active discussions for an additional $7 billion in sales opportunities. To meet this demand, Lumen plans to more than double its intercity network miles over the next five years and provide access to installed dark fiber. Lumen has also partnered with Corning for next-generation fiber-dense cable to accommodate increased AI data processing needs.
In response to this growth, Lumen has created a new Custom Networks division to manage its Private Connectivity Fabric℠ solutions and address interest from hyperscalers and large organizations. This division will provide customized network solutions, including dark fiber, custom fiber routes, and digital services for secure data center connections and AI-intensive workloads.
Lumen Technologies (NYSE: LUMN) has announced a significant agreement with Corning Incorporated (NYSE: GLW) for the supply of next-generation optical cable. This deal will more than double Lumen's U.S. intercity fiber miles, providing substantial capacity to major cloud data centers to meet the increasing demands of AI workloads and high-bandwidth applications. The agreement reserves 10% of Corning's global fiber capacity for each of the next two years.
This partnership aims to address the network infrastructure needs of major data center operators, including Microsoft, which recently announced an investment with Lumen. The new fiber-dense cable will enable Lumen to fit two-to-four times the amount of fiber into existing conduits, marking the first outside-plant deployment of Corning's new gen-AI fiber and cable system.
Lumen Technologies (NYSE: LUMN) has announced a significant agreement with Corning Incorporated (NYSE: GLW) to secure a substantial supply of next-generation optical cable. This deal will more than double Lumen's U.S. intercity fiber miles, addressing the growing demand for AI workloads and high-bandwidth applications in cloud data centers.
Key points of the agreement include:
- Lumen reserves 10% of Corning's global fiber capacity for each of the next two years
- The agreement is Lumen's largest cable purchase to date
- It will enable Lumen to meet the network infrastructure needs of major data center operators, including Microsoft
- The new fiber-dense cable will support the rapid advancement of generative AI, which requires at least 10 times more fiber connections within data centers
Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider, has announced that its EVP and CFO, Chris Stansbury, will present at the Citi Global Technology, Media and Telecom Conference on September 4, 2024. The presentation is scheduled for 12:30 p.m. ET.
Investors and interested parties can access a live webcast of the presentation through the Lumen Investor Relations website. This event provides an opportunity for Lumen to showcase its strategies and insights to a global audience of technology and telecom industry professionals.
As a company that aims to unleash the world's digital potential, Lumen's participation in this conference underscores its commitment to engaging with investors and industry leaders.
Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider, has announced that Satish Lakshmanan, the company's executive vice president and chief product and strategy officer, will be presenting at the TD Cowen 10th Annual Communications Infrastructure Summit on August 13, 2024.
The presentation is scheduled to begin at 5:40 p.m. ET. Investors and interested parties can access a live webcast of the presentation through the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.
This event provides an opportunity for Lumen to showcase its strategies and insights in the communications infrastructure sector to industry professionals and potential investors.
Lumen Technologies (NYSE: LUMN) and Microsoft Corp. (NASDAQ: MSFT) have announced a strategic partnership to drive Lumen's digital transformation and expand Microsoft's network capacity for AI-driven demand. Lumen's Private Connectivity Fabric℠ will enhance Microsoft's datacenter connectivity, supporting the growing AI ecosystem. Microsoft will use Lumen's network infrastructure to meet increasing data demands and support next-generation applications.
Lumen will migrate its workloads to Microsoft Azure, use Microsoft Entra for security, and collaborate on new telecom industry solutions. This transformation is expected to improve Lumen's cash flow by over $20 million in the next 12 months. The partnership builds on their existing relationship, with Lumen already utilizing Microsoft Copilot and Teams to enhance operations.
Lumen Technologies (NYSE: LUMN) has scheduled its second quarter 2024 earnings call for August 6, 2024, at 5 p.m. ET. The company will release its quarterly results on the same day, providing detailed financial data, an investor presentation, and related materials on its Investor Relations website. As a global integrated network solutions provider, Lumen aims to harness digital potential worldwide.
Lumen Technologies (NYSE: LUMN) announced that Kate Johnson, the company's President and CEO, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024, at 12:40 p.m. ET.
The event highlights Lumen's commitment to diverse leadership in the tech industry. A live webcast of Johnson's presentation will be available on the Lumen Investor Relations website, with a replay accessible for a period following the event.
Lumen Technologies (NYSE: LUMN) announced that its executive vice president and CFO, Chris Stansbury, will present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference on May 30, 2024. The presentation will begin at 10:50 a.m. ET. A live webcast of the presentation will be accessible on Lumen's Investor Relations website, with a replay available for a period post-event.
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