Brokerages Set Lumen Technologies, Inc. (NYSE:LUMN) PT at $8.32

Shares of Lumen Technologies, Inc. (NYSE:LUMN) have earned an average rating of “Reduce” from the ten brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.1071.

LUMN has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. UBS Group increased their price objective on Lumen Technologies from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their target price on Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Wall Street Zen lowered Lumen Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Zacks Research cut Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th.

Lumen Technologies Price Performance

LUMN opened at $5.89 on Friday. The firm has a market capitalization of $6.08 billion, a PE ratio of -5.78 and a beta of 1.78. The business’s 50-day moving average is $7.51 and its two-hundred day moving average is $7.84. Lumen Technologies has a 1 year low of $3.63 and a 1 year high of $11.95.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company posted ($0.03) earnings per share. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lumen Technologies will post -0.39 EPS for the current year.

Insider Activity at Lumen Technologies

In related news, CEO Kathleen E. Johnson acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $6.13 per share, with a total value of $613,000.00. Following the transaction, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $613,000. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lumen Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after acquiring an additional 26,305 shares during the period. Empowered Funds LLC grew its stake in Lumen Technologies by 26.8% during the 1st quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 57,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Lumen Technologies by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock valued at $11,702,000 after purchasing an additional 300,328 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Lumen Technologies by 15.8% in the second quarter. Cetera Investment Advisers now owns 119,673 shares of the technology company’s stock valued at $524,000 after purchasing an additional 16,332 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Lumen Technologies by 6.3% in the second quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company’s stock worth $47,869,000 after purchasing an additional 652,124 shares during the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies News Roundup

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: CEO Kathleen E. Johnson purchased 100,000 LUMN shares for approximately $613,000, signaling confidence in the company’s turnaround and aligning management’s interests with shareholders. SEC Form 4 filing
• Positive Sentiment: Lumen’s second-quarter adjusted loss of $0.07 per share beat the $0.13 consensus estimate, while revenue of $2.81 billion exceeded expectations. Free cash flow turned positive, and the company maintained its full-year free-cash-flow outlook of $1.9 billion to $2.1 billion. Lumen Posts Narrower-Than-Expected Q2 Loss
• Positive Sentiment: Strategic revenue increased roughly 14%, now representing more than half of business revenue. Growth in networking-as-a-service and the Alkira digital-networking platform supports Lumen’s shift toward AI-enabled and cloud-focused services. Lumen Q2 Earnings Call Highlights
• Positive Sentiment: Lumen is expanding its multi-cloud strategy through an agreement with Amdocs to modernize enterprise service orchestration and order management on AWS, potentially improving service delivery and innovation. Lumen Extends Multi-Cloud Strategy
• Neutral Sentiment: Lumen appointed technology and operations veteran John M. Hinshaw to its board, adding experience from HSBC, Hewlett-Packard, Boeing, and Verizon Wireless. The move supports modernization efforts but does not immediately change financial results. Lumen Appoints John M. Hinshaw
• Negative Sentiment: Revenue fell 9.3% year over year to $2.81 billion, while legacy-business declines continue to pressure total sales and EBITDA. The earnings beat therefore has not eliminated concerns about the pace and profitability of Lumen’s transformation.
• Negative Sentiment: Goldman Sachs reduced its price target from $8.50 to $7.25 and Wells Fargo cut its target from $9.00 to $7.50; both firms retained neutral or equal-weight ratings. The reductions likely contributed to the weaker share performance by signaling limited near-term upside despite the earnings beat.

Lumen Technologies Company Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.