Lumen Technologies (NYSE:LUMN) Given New $9.00 Price Target at TD Cowen

Lumen Technologies (NYSE:LUMN) had its price target raised by investment analysts at TD Cowen from $8.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. TD Cowen’s price target suggests a potential downside of 8.85% from the stock’s current price.

Several other research firms have also issued reports on LUMN. Zacks Research upgraded Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Wall Street Zen upgraded Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a report on Tuesday, April 21st. UBS Group upped their target price on Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lumen Technologies in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lumen Technologies currently has a consensus rating of “Hold” and an average price target of $7.54.

Lumen Technologies Trading Up 7.0%

Shares of Lumen Technologies stock traded up $0.64 during trading on Wednesday, reaching $9.87. The stock had a trading volume of 21,878,399 shares, compared to its average volume of 13,368,641. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of -5.67 and a beta of 1.65. The stock has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $8.03. Lumen Technologies has a 52 week low of $3.37 and a 52 week high of $11.95.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.34). The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.83 billion. Lumen Technologies’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) EPS. On average, equities analysts forecast that Lumen Technologies will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumen Technologies news, Director Diankha Linear sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $7.89, for a total transaction of $355,050.00. Following the transaction, the director owned 198,229 shares of the company’s stock, valued at $1,564,026.81. The trade was a 18.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kathleen E. Johnson purchased 78,685 shares of the stock in a transaction on Thursday, February 5th. The shares were acquired at an average cost of $6.35 per share, for a total transaction of $499,649.75. Following the transaction, the chief executive officer owned 8,562,582 shares of the company’s stock, valued at approximately $54,372,395.70. The trade was a 0.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Lumen Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of Lumen Technologies by 15.5% in the third quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock valued at $43,000 after purchasing an additional 968 shares during the last quarter. Fifth Third Bancorp grew its position in Lumen Technologies by 24.5% during the third quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock worth $33,000 after buying an additional 1,051 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Lumen Technologies by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 61,599 shares of the technology company’s stock worth $479,000 after buying an additional 1,230 shares in the last quarter. Xponance Inc. grew its position in Lumen Technologies by 1.7% during the third quarter. Xponance Inc. now owns 75,686 shares of the technology company’s stock worth $463,000 after buying an additional 1,273 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Lumen Technologies by 10.5% during the third quarter. Arkadios Wealth Advisors now owns 14,154 shares of the technology company’s stock worth $87,000 after buying an additional 1,340 shares in the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

Trending Headlines about Lumen Technologies

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

• Positive Sentiment: Lumen agreed to acquire Alkira for $475 million in cash, adding a cloud?native control plane that expands its addressable market (management cites a ~$70B opportunity) and accelerates the company’s shift from legacy telecom to cloud networking. Read More.
• Positive Sentiment: Q1 revenue topped estimates ($2.90B vs. ~$2.83B expected) and management said “strategic” (digital/cloud) revenue is growing, signaling the transformation is gaining traction — a core reason investors are focusing on growth potential rather than the EPS miss. Read More.
• Positive Sentiment: Management raised its free cash flow outlook for 2026 ($1.9B–$2.1B reported by company commentary) and highlighted lower leverage (debt metrics improving), which supports valuation as the business pivots to higher?margin cloud services. Read More.
• Positive Sentiment: Partnership/measurement traction: Lumen Research’s attention?measurement integration with Teads extends Lumen’s data/measurement credibility in digital advertising environments — a small but positive commercial proof point. Read More.
• Neutral Sentiment: Lumen extended deadlines for previously announced exchange offers for certain long?dated notes — largely a financing/technical matter that can affect bondholder behavior but is not an operational change. Read More.
• Neutral Sentiment: Investors can review the full Q1 earnings call transcript and slide deck for detail on execution and strategy; these materials provide context but don’t change headline facts. Read More.
• Negative Sentiment: Lumen reported a wider-than-expected Q1 GAAP/non?GAAP loss (reported non?GAAP EPS -$0.47 vs. consensus around -$0.13/-$0.06), which pressured sentiment and triggered near?term selling in some accounts. Read More.
• Negative Sentiment: The company announced an offering of $1 billion aggregate principal of senior notes due 2037 (and concurrent tender offers), increasing near?term debt supply and prompting investor scrutiny of financing terms and leverage. Read More.
• Negative Sentiment: Revenue is still down year?over?year (~8.9%), reflecting legacy declines; the transformation reduces risk long term but leaves short?term top?line pressure. Read More.

About Lumen Technologies

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.