Lumen Technologies, Inc.

Equities

LUMN

US5502411037

Integrated Telecommunications Services

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
1.21 ^USD	0.00%		-7.63%	-33.88%

Apr. 23	Lumen Technologies to Cut Around 7% Workforce	MT
Apr. 11	Lumen Technologies Awarded $73.6 Million GAO Contract	MT

Lumen Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

February 06, 2024 at 04:11 pm EST

Lumen Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 3,517 million compared to USD 3,800 million a year ago. Net loss was USD 1,995 million compared to USD 3,069 million a year ago. Basic loss per share from continuing operations was USD 2.03 compared to USD 3.08 a year ago. Diluted loss per share from continuing operations was USD 2.03 compared to USD 3.08 a year ago.
For the full year, sales was USD 14,557 million compared to USD 17,478 million a year ago. Net loss was USD 10,298 million compared to USD 1,548 million a year ago. Basic loss per share from continuing operations was USD 10.48 compared to USD 1.54 a year ago. Diluted loss per share from continuing operations was USD 10.48 compared to USD 1.54 a year ago.

Latest news about Lumen Technologies, Inc.

Lumen Technologies to Cut Around 7% Workforce	Apr. 23	MT
Lumen Technologies Awarded $73.6 Million GAO Contract	Apr. 11	MT
Lumen Technologies Receives $73.6 Million Contract with U.S. Government Accountability Office	Apr. 11	CI
Sector Update: Tech Stocks Advance in Afternoon Trading	Mar. 22	MT
Lumen Technologies Eyes Operational Stability After Debt Restructuring Deal	Mar. 22	MT
Transcript : Lumen Technologies, Inc. Presents at New Street Research and BCG Fiber-to-the-Future Conference, Mar-22-2024 12:10 PM	Mar. 22
Lumen's Completes Debt Restructuring Deal -- Shares Rise in Early Trading	Mar. 22	MT
RBC Lifts Price Target on Lumen Technologies to $1.75 From $1.25, Notes Better-Than-Expected Q4 Results, 2024 Guidance; Sector Perform, Speculative Risk Kept	Mar. 11	MT
Transcript : Lumen Technologies, Inc. Presents at Morgan Stanley?s Technology, Media & Telecom Conference 2024, Mar-05-2024 08:00 AM	Mar. 05
Transcript : Lumen Technologies, Inc. Presents at 45th Annual Raymond James Institutional Investors Conference 2024, Mar-04-2024 02:15 PM	Mar. 04
Lumen Technologies Names Chief Marketing Officer	Mar. 01	MT
Lumen Technologies Appoints Ryan Asdourian as Executive Vice President and Chief Marketing Officer	Mar. 01	CI
Lumen Technologies, Inc. Announces the Appointment of Diankha Linear to Its Board of Directors	Feb. 22	CI
Lumen Technologies Q4 Adjusted Profit, Revenue Decline; Issues 2024 Guidance	Feb. 07	MT
Transcript : Lumen Technologies, Inc., Q4 2023 Earnings Call, Feb 06, 2024	Feb. 06
Lumen Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 06	CI
Earnings Flash (LUMN) LUMEN TECHNOLOGIES Reports Q4 EPS $0.08, vs. Street Est of $-0.01	Feb. 06	MT
Lumen Technologies, Inc. Provides Earnings Guidance for the Twelve Months Ending December 31, 2024	Feb. 06	CI
Lumen Technologies, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023	Feb. 06	CI
Lumen Technologies Names New Chief Technology Officer	Feb. 06	MT
Lumen Technologies, Inc. Appoints Dave Ward as Its New Chief Technology Officer	Feb. 06	CI
News Highlights : Top Company News of the Day - Friday at 5 AM ET	Jan. 26	DJ
News Highlights : Top Company News of the Day - Friday at 3 AM ET	Jan. 26	DJ
News Highlights : Top Company News of the Day - Friday at 1 AM ET	Jan. 26	DJ
News Highlights : Top Company News of the Day - Thursday at 11 PM ET	Jan. 25	DJ

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Company Profile

Lumen Technologies, Inc. is a facilities-based technology and communications company. The Company provides a range of integrated products and services to its domestic and global business customers and its domestic mass markets customers. It operates through two segments: Business segment and Mass Markets segment. Its Business segment provides its products and services under four sales channels to meet the needs of its enterprise and commercial customers. Its products and services in this segment include Dark Fiber, Edge Cloud Services, Internet Protocol (IP), Managed Security Services, Software-Defined Wide Area Networks (SD WAN), Secure Access Service Edge (SASE), Optical Services, Ethernet, VPN Data Networks, Voice Services, IT Solutions and Other Legacy Services. Its Mass Markets segment provides products and services to residential and small business customers. Its products and services in this segment include Fiber Broadband, Other Broadband and Voice and Other.

Sector

Integrated Telecommunications Services

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Ratings for Lumen Technologies, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.21 USD

Average target price

1.67 USD

Spread / Average Target

+38.02%

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Company calendar

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