Lumen Technologies Stock Soars on Positive Earnings and Analyst Upgrade

What's Going On With Lumen Technologies Stock Wednesday? - Lumen Technologies (NYSE:LUMN)

Microsoft and Lumen last week announced a collaboration to advance Lumen's digital transformation. Lumen Technologies, Inc. LUMN shares are trading higher on Wednesday. Lumen is set to release 2024 fiscal year second quarter earnings on August 6. In addition, last week Lumen and Microsoft Corporation MSFT announced a new partnership. The Details: Analyst estimates a loss of six cents per share and revenue of $3.24 billion for the quarter. Lumen announced Wednesday that Chris Stansbury, Lumen's executive vice president and chief financial officer, will present at the Citi Global Technology, Media and Telecom Conference on September 4, 2024. Microsoft and Lumen are collaborating in order to enhance Lumen's digital transformation with Microsoft Cloud and increase network support for Microsoft's AI datacenters. Lumen specifically plans to migrate its workloads to Microsoft Azure and use Microsoft Entra solutions to both safeguard its workloads and prevent identity attacks. These changes are anticipated to increase Lumen's cash flow by than $20 million over the next year. Microsoft will integrate Lumen's Private Connectivity Fabric. The new infrastructure strengthen the connectivity capabilities between Microsoft's datacenters. How To Buy Lumen Technologies Shares Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Lumen Technologies LUMN's case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Related Link: AI Workers 'Won't Come Just For The Money, And They Certainly Won't Stay For It': Report LUMN Price Action: Lumen shares are trading 14.4% higher at $3.05 as of Wednesday morning, according to data from Benzinga Pro. Image: 1495181 from Pixabay. Market News and Data brought to you by Benzinga APIs

Lumen Technologies leaps by intraday record of 52%, set to extend win steak (NYSE:LUMN)

Lumen Technologies (NYSE:LUMN) stock soared ~56% and is set to extend its 13-day winning streak, rising about 141% in the period. Shares of the communication and network services provider, have been on the rise since July 11. The rebound in stock prices came after the firm fell ~42% in the first half of the year, but then leaped 154% from July 1 to July 30. Last week, the firm forged a strategic deal with Microsoft (MSFT) to support digital transformation and drive AI initiatives across its organization. Looking at Seeking Alpha's Quant Ratings, the Monroe, Louisiana-based company, has a Hold rating with a score of 2.94 out of 5. The company received a D+ for profitability and a D- for growth prospects. The stock also got an A- for valuation. Turning to the Wall Street community, about seven out of 11 analysts recommended a Hold rating, with three recommending a Sell and the remaining one recommending a Strong Sell. "Lumen Technologies has improved its recovery prospects by extending debt maturities and by confirming a positive free cash flow forecast for the current year," SA analyst The Asian Investor said. The company's broadband business, particularly fiber, is experiencing strong momentum and contributing significantly to revenue, The Asian Investor added. The telecom firm had been going through a tough time with its declining revenue and profitability, huge debt, stiff competition from wireless carriers and an uncertain economic scenario. More on Lumen Lumen Technologies Undervalued Even Without Turnaround (Rating Upgrade) Lumen Is Approaching A Key Psychological Level Lumen Technologies, Inc. (LUMN) 2nd Annual UBS Women in Tech Summit Conference (Transcript) Lumen, Microsoft forge deal to drive digital transformation, AI initiatives Lumen stock closes in green, extending its seven-day winning streak

Why Lumen Technologies Stock Jumped 77.3% Today | The Motley Fool

Shares of Lumen Technologies (LUMN 37.63%) got a huge boost today from another company's earnings report. Corning (GLW -6.89%) announced that it's selling 10% of its fiber capacity for the next two years to Lumen, and investors loved the news. Shares jumped as much as 77.3% in parabolic trading mid-day before falling back to close the day up 38%. Last week, Lumen announced that it has partnered with Microsoft (MSFT -0.89%) to "enable digital transformation" of the company's infrastructure. That will include access to Lumen's fiber network, as well as adding new fiber on new and existing routes. The idea is to build faster connections between data centers, a key to artificial intelligence advances like building larger and more complex models. While no terms were announced, investors are seeing this as a new winner in the battle for AI resources. Part of the bounce higher today may have simply been a delayed reaction to the Microsoft news and solidification of the Corning supply deal. That then may have caused a short squeeze, given that 13.9% of shares outstanding had been sold short. But that bounce faded quickly. The main caution with Lumen Technologies is the fact that the company's revenue is falling and it's losing money quickly. This could be a turnaround play, but it may also be a great headline with little fundamental improvement to back it up. That's too much risk for me today.