Lumen Technologies (NYSE:LUMN) Sets New 1-Year Low – Time to Sell?

Lumen Technologies, Inc. (NYSE:LUMN)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $4.03 and last traded at $3.85, with a volume of 2,609,744 shares changing hands. The stock had previously closed at $4.47.

Key Lumen Technologies News

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

• Positive Sentiment: Strategic revenue grew about 10%, reaching 55% of business revenue, with AI-related demand and adoption of Lumen’s Network-as-a-Service platform supporting the shift toward higher-growth services. Lumen Q3 earnings call highlights
• Positive Sentiment: The company reaffirmed full-year adjusted EBITDA guidance and said it remains on track for an EBITDA inflection in 2026, signaling confidence in its transformation and cost-management efforts. Lumen third-quarter results
• Positive Sentiment: Lumen’s adjusted loss narrowed to $0.14 per share, better than analysts’ expectations, providing a favorable earnings surprise despite the revenue weakness. Lumen earnings results
• Negative Sentiment: Revenue was about $2.71 billion, slightly below estimates, and declined year over year. Continued contraction in the broader business could offset growth in strategic services. Lumen Q3 adjusted loss narrows, revenue falls
• Negative Sentiment: Free cash flow turned negative, raising concern about cash generation even as the company maintained its EBITDA outlook. Lumen Q3 earnings call highlights

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LUMN shares. Moffett Nathanson upgraded shares of Lumen Technologies from a “sell” rating to a “neutral” rating and set a $4.00 target price for the company in a research note on Friday, October 30th. Wells Fargo & Company dropped their price target on shares of Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. The Goldman Sachs Group cut their price objective on shares of Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Finally, Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $7.38.

Lumen Technologies Stock Performance

The firm has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $7.19. The firm has a market cap of $4.07 billion, a P/E ratio of -3.87 and a beta of 1.94.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Wednesday, November 4th. The technology company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Sell-side analysts predict that Lumen Technologies, Inc. will post -0.54 EPS for the current fiscal year.

Institutional Trading of Lumen Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York Life Investment Management LLC bought a new position in shares of Lumen Technologies in the third quarter worth approximately $785,000. Penn Capital Management Company LLC raised its stake in Lumen Technologies by 6.8% in the third quarter. Penn Capital Management Company LLC now owns 2,719,257 shares of the technology company’s stock valued at $15,257,000 after purchasing an additional 172,254 shares in the last quarter. Fulcrum Asset Management LLP lifted its position in Lumen Technologies by 266.8% during the third quarter. Fulcrum Asset Management LLP now owns 151,727 shares of the technology company’s stock valued at $841,000 after purchasing an additional 110,367 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Lumen Technologies by 9.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 35,097 shares of the technology company’s stock valued at $196,000 after purchasing an additional 3,009 shares during the last quarter. Finally, Ethic Inc. grew its stake in Lumen Technologies by 103.3% in the 3rd quarter. Ethic Inc. now owns 49,878 shares of the technology company’s stock worth $279,000 after buying an additional 25,340 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.

About Lumen Technologies

Lumen Technologies, Inc is a communications and technology company that provides network, connectivity, cloud, cybersecurity and managed services primarily to businesses, government organizations and wholesale customers. Its offerings include fiber-based internet and data transport, software-defined networking, network security, unified communications, voice services, edge computing and related information technology solutions.

The company operates one of the largest enterprise fiber networks in the United States and also serves customers internationally through its global network and wholesale operations.