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Mass Markets Segment Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lumen Technologies

Lumen Technologies, Inc. is an investment holding company, which engages in the provision of integrated communications to residential and business customers. It operates through the following segments: Business and Mass Markets. Business segment provides products and services under four sales channels to enterprise and commercial customers. Mass Markets segment focuses on consumer and small business customers. The company was founded in 1930 and is headquartered in Monroe, LA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lumen Technologies plans growth strategy amidst revenue challenges

Lumen Technologies aims to pivot towards growth in 2023 by focusing on customer obsession, innovation, and go-to-market enhancements.
The company is strategically aligning actions with its mission statement, simplifying operations, and investing in technology and leadership for performance.
Despite challenges in revenue stability and macroeconomic influences, Lumen's focus on growth initiatives and operational improvements positions it for future success.

Lumen Technologies reports Q1 decline, focuses on innovation and growth

Lumen Technologies faced challenges with declining financial metrics but showcased innovation and growth in enterprise sales.
The company is focused on simplifying operations, reducing debt, and building a culture of trust and diversity.
Future opportunities lie in executing growth initiatives, digitizing assets, and optimizing costs for a turnaround.
Analysts raised questions about customer conversations, sales trends, and the Quantum Fiber deployment progress.

Lumen Technologies reports growth in customer migration and financial improvements

Lumen Technologies showcased progress in customer migration and financial improvements despite revenue declines.
The company's focus on driving commercial excellence and introducing innovations positions it for growth.
Challenges include addressing upcoming debt maturities and ongoing efforts in simplification and debt structure.
Excitement about initial results and opportunities for improvement in sales platforms and marketing efforts.

Lumen Technologies repositions for growth amidst Q3 financial challenges

Lumen Technologies navigates challenges with strategic divestitures and debt restructuring while focusing on operational improvements and innovation for growth. Q3 results impacted by divestitures, but outlook positive with sustained revenue improvement expected in mid-2024.

Lumen Technologies resilient in Q4, eyes digital growth opportunities

Lumen Technologies showcased resilience in Q4 with strategic progress and focus on commercial excellence.
The company faces challenges in revenue variability across segments but sees opportunities in digital services and industry consolidation.
Overall, Lumen's performance reflects a balanced approach to growth, operational efficiency, and maximizing asset value.

Lumen Technologies reports Q1 growth amidst revenue challenges and innovation

Lumen Technologies showcased resilience in Q1 with revenue growth, strong enterprise sales, and innovative solutions. While facing revenue challenges, the company is focused on reshaping its business, driving customer adoption, and launching new security services. Opportunities in high-capacity network services and digital growth are key focus areas for Lumen.

Lumen Technologies reports Q2 revenue decline, eyes AI network growth

Lumen Technologies is navigating revenue declines with a focus on operational efficiency, strong partnerships, and growth in key segments like fiber broadband.
Challenges include managing cash flow, balancing revenue growth with ongoing investments, and overcoming short-term EBITDA fluctuations.
Opportunities lie in future deals, network expansion for AI support, and strategic partnerships to drive revenue and EBITDA growth in the long term.

Lumen Technologies excels in digital transformation amid revenue challenges

Lumen Technologies showcased strong operational and financial performance in Q3 2024, despite revenue declines from legacy businesses.
The company's focus on digital transformation, AI backbone, and strategic partnerships positions it well for future growth and innovation.
While facing challenges in revenue growth and meeting financial targets, Lumen has opportunities to capitalize on digital revenue growth and the AI economy.

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Lumen approved a $1.5 billion share buyback plan, but the market is too focused on the elimination of the dividend payout. Management has been very clear the buyback will occur due to the cheap valuation when the stock traded at higher prices.

Lumen: Why I Think Buybacks Will Happen

AT&T

I was the only Seeking Alpha author who had a sell rating on Lumen prior to the dividend cut. I wish I could say I was truly clairvoyant and can see the future, alas it was more based on having a lot of experience.

Forget Lumen, Buy AT&T

Lumen Technologies (LUMN) launches Edge Bare Metal services to reduce latency and improve security and connectivity.

Lumen (LUMN) Expands Edge Computing Solutions Across APAC

DENVER , Nov. 8, 2022 /PRNewswire/ -- Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 15. The presentation is scheduled to begin at 3:45 p.m.

Lumen Technologies to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference

Businesses can significantly reduce latency and maximise security and performance with Lumen Edge Bare Metal services SINGAPORE , Nov. 7, 2022 /PRNewswire/ -- Lumen Technologies ("Lumen"), a leading global provider of high-speed edge computing platforms and solutions, launched its Edge Bare Metal services for the Asia Pacific ("APAC") market. The move marks the company's continued investment in its edge infrastructure and suite of services for the region, supporting enterprise innovations and data-intensive applications of the 4th Industrial Revolution.

LUMEN TECHNOLOGIES LAUNCHES ITS FIRST EDGE COMPUTING SOLUTION FOR ASIA PACIFIC

Lumen Technologies, Inc. did the unthinkable and completely eliminated its dividend. Lumen eliminated the dividend despite a raised free cash flow forecast.

Lumen: Dividend Shock

From intention to action: Report highlights gains for diversity, water conservation, Greenhouse Gas (GHG) emissions, data transparency, and more DENVER , Nov. 4, 2022 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), today announced the release of its 2021 Environmental, Social and Governance (ESG) report, showcasing key social responsibility and environmental stewardship programs and initiatives. The full report is available online.

Lumen Technologies releases Environmental, Social and Governance (ESG) Report for 2021

Lumen Technologies announced in its third quarter press release on November 2 that it will eliminate its stock dividend. The strange thing was that Lumen Tech's dividend payout ratio and free cash flow coverage of the dividend had been strong through the first three quarters of the year.

Lumen's Dividend Cut Highlights Importance Of A Sound Dividend Methodology

We had a neutral opinion on the common shares and deferred to the debt as a way to play this company. The dividend debacle came far earlier than we anticipated and the stock has cratered to new lows.

Lumen: No Dividends Or Buybacks For You

We previously warned investors that a dividend cut was likely imminent. LUMN confirmed our thesis by eliminating its dividend along with Q3 results.

Lumen's Dividend Dies: Glad We Sold And Not Buying The Crash

Our approach to markets is to take other investors' bad beats and swoop in to profit from sharp reversals. With the latest kitchen sink quarter out of Lumen, we told our members Lumen is a buy in the $5 range and expect it is a generational opportunity.

An Absolute Generational Opportunity In Lumen

Lumen Technologies Inc. shares were falling sharply in Thursday trading after the telecommunications company announced it was eliminating its dividend and selling another business, moves that have prompted tough questions about the future of the business.

Lumen stock falls after dividend is eliminated, but is there a silver lining?

Lumen's (LUMN) Q3 performance was affected by revenue decline across all segments.

Lumen (LUMN) Q3 Earnings Miss Estimates, Revenues Fall Y/Y

It was inevitable, but necessary for Lumen's future.

Lumen Plunges on Its Dividend Cut: Is the Stock Now a Bargain or a Value Trap?

Lumen Technologies, Inc. (NYSE:LUMN ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Mike McCormack - Senior Vice President, Investor Relations Jeffrey Storey - President and Chief Executive Officer Christopher Stansbury - Chief Financial Officer & Executive Vice President Conference Call Participants Philip Cusick - JPMorgan Batya Levi - UBS David Barden - Bank of America Frank Louthan - Raymond James Nick Del Deo - MoffettNathanson Operator Greetings. And welcome to Lumen Technologies Third Quarter 2022 Earnings Conference Call.

Lumen Technologies, Inc. (LUMN) Q3 2022 Earnings Call Transcript

Shares of Lumen Technologies Inc. LUMN, -5.11% fell more than 13% in the extended session Wednesday after the telecommunications company reported a quarterly miss. Lumen earned $578 million, or 57 cents a share, compared with $544 million, or 51 cents a share, in the third quarter of 2021.

Lumen Technologies stock drops 14% after Q3 earnings, sales miss

Third  Quarter 2022 Highlights Completed the $2.7 billion divestiture of its Latin American business to Stonepeak on Aug. 1 Updated guidance for the full year 2022 for free cash flow and capital expenditures Reported Net Income of $578 million for the third quarter 2022, compared to reported Net Income of $544 million for the third quarter 2021 Diluted EPS of $0.57 for the third quarter 2022, compared to $0.51 per share for the third quarter 2021. Excluding Special Items, Diluted EPS of $0.14 per share for the third quarter 2022, compared to $0.49 per share for the third quarter 2021 Generated Adjusted EBITDA of $1.688 billion for the third quarter 2022, compared to $2.078 billion for the third quarter 2021, excluding the effects of Special Items of $(527) million and $(31) million, respectively Generated Pro Forma1 Adjusted EBITDA of $1.659 billion for the third quarter 2022, compared to $1.872 billion for the third quarter 2021, excluding the effects of Special Items of $(527) million and $(31) million, respectively Reported Net Cash Provided by Operating Activities of $1.123 billion for the third quarter 2022 Generated Free Cash Flow of $620 million for the third quarter 2022, compared to $1.072 billion for the third quarter 2021, excluding cash paid for Special Items of $342 million and $32 million, respectively Subsequent Events Capital Allocation Update Eliminated stock dividend, there will be no dividend paid in the fourth quarter of 2022 Authorized an up to $1.5 billion, two-year share repurchase program Investing in growth initiatives while remaining relatively net leverage neutral Announced today that it had entered into an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billion Completed the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct. 3 DENVER , Nov. 2, 2022 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the third quarter ended Sept.

Lumen Technologies reports third quarter 2022 results

Transaction will strengthen Lumen's financial position and sharpen strategic focus DENVER and LONDON , Nov. 2, 2022 /PRNewswire/ -- Lumen Technologies  (NYSE: LUMN) and Colt Technology Services  (Colt), a digital infrastructure company, announce today they have entered into an exclusive arrangement for the proposed sale of Lumen's Europe, Middle East and Africa (EMEA) business to Colt for $1.8 billion. This represents a very attractive multiple (~11x) for Lumen's EMEA business and will create additional value for its shareholders.

Lumen Enters into Agreement Regarding Divestiture of EMEA Business to Colt Technology Services for $1.8B

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Treasury I Bonds used to be the best place going to get a big yield. But now they're getting a run for their money from the S&P 500.

9 Giant Stocks Now Pay Out More Than Treasury I Bonds

Company will provide essential communications services in the Asia Pacific region WASHINGTON , Nov. 1, 2022 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has won a $1.5 billion contract from the Defense Information Systems Agency (DISA) to provide essential network transport and communications services in the U.S. Indo-Pacific Command Area of Responsibility. Speed Read: Lumen will supply the Defense Information Systems Network with high capacity, end-to-end communications services that enable the U.S. Department of Defense to achieve U.S. national security objectives in the 36-nation Asia Pacific region.

Lumen wins $1.5 billion Defense Information Systems Network contract

Lumen's (LUMN) Q3 performance is likely to have been favored by investments in the Quantum Fiber business. However, supply chain troubles, inflation and macroeconomic weakness have been concerns.

Lumen (LUMN) Q3 Earnings Coming Up: Here's What to Expect

Broadcom

Calix

Digi

Frontier Communications Parent

Owing to federal broadband funding for rural areas and next-gen cloud computing, telecom infrastructure stands out as an area of high investment. The post Digital Divide: Can Federal Funding For Rural Broadband Narrow The Gap?

Digital Divide: Can Federal Funding For Rural Broadband Narrow The Gap?

Q3 DDoS report details attack trends, including the expanding base of CLDAP reflectors DENVER , Oct. 25, 2022 /PRNewswire/ -- With October's focus on cybersecurity awareness, Lumen Technologies® (NYSE: LUMN) and its threat research team, Black Lotus Labs®, today released a pair of research reports including: New intelligence from Black Lotus Labs regarding the proliferation of Connectionless Lightweight Directory Access Protocol (CLDAP) reflectors – a known attack vector that is easily prevented with well-documented best practices. The Q3 2022 Distributed Denial of Service (DDoS) report, which provides the latest data and trends from the Lumen DDoS mitigation platform.

Lumen research reveals 60% growth of a known, preventable DDoS attack vector

Moelis

Office Properties Income Trust

I love dividend stocks that analysts hate.

Wall Street's Most Hated Dividend Stocks

In an earlier article published about 1 month ago, we cautioned investors about the risk of Lumen's then ~10% dividend yield. Our warning is based on a holistic analysis of its finances, which illustrated its dividend risks, especially when contrasted against Verizon.

News for Lumen Technologies Stock (LUMN)