Lumen Technologies (NYSE:LUMN) Given Market Perform Rating at Raymond James Financial

Raymond James Financial reaffirmed their market perform rating on shares of Lumen Technologies (NYSE:LUMN) in a research report released on Wednesday, Marketbeat reports.

A number of other equities analysts also recently weighed in on LUMN. Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a report on Thursday, January 22nd. Citigroup cut shares of Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research note on Friday, October 31st. Wall Street Zen upgraded shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research upgraded Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada raised their target price on Lumen Technologies from $4.25 to $8.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.25.

Lumen Technologies Stock Down 21.9%

Shares of NYSE LUMN opened at $6.61 on Wednesday. Lumen Technologies has a twelve month low of $3.01 and a twelve month high of $11.95. The stock’s 50 day moving average price is $8.25 and its 200-day moving average price is $7.02. The company has a market capitalization of $6.78 billion, a PE ratio of -3.80 and a beta of 1.51.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 14.02%.The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the business posted $0.09 earnings per share. Lumen Technologies’s revenue was down 8.7% on a year-over-year basis. As a group, research analysts expect that Lumen Technologies will post -0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Lumen Technologies by 1.2% during the third quarter. Vanguard Group Inc. now owns 113,552,549 shares of the technology company’s stock valued at $694,942,000 after buying an additional 1,295,177 shares during the period. Front Street Capital Management Inc. increased its holdings in Lumen Technologies by 1.1% during the 2nd quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company’s stock worth $52,425,000 after acquiring an additional 132,131 shares during the period. Man Group plc increased its holdings in Lumen Technologies by 3.3% during the 2nd quarter. Man Group plc now owns 11,486,835 shares of the technology company’s stock worth $50,312,000 after acquiring an additional 364,436 shares during the period. Norges Bank bought a new position in Lumen Technologies in the 2nd quarter valued at $47,923,000. Finally, Invesco Ltd. grew its position in shares of Lumen Technologies by 6.3% during the 2nd quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company’s stock valued at $47,869,000 after purchasing an additional 652,124 shares in the last quarter. Institutional investors own 66.19% of the company’s stock.

More Lumen Technologies News

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

• Positive Sentiment: Balance-sheet improvement from AT&T transaction lowers leverage, interest and capex — management closed the $5.75B AT&T deal, cut total debt by ~$4.8B, trimmed interest expense ~45% and freed >$1B in capex to invest in network modernization, which improves financial flexibility. BusinessWire: Lumen Reports Solid Q4 and AT&T Transaction
• Positive Sentiment: Q4 adjusted EPS materially beat estimates and management guided to stronger-than-expected free cash flow for 2026, supporting the turnaround story and near-term solvency. That beat and upbeat FCF outlook are reasons some investors are staying constructive. Reuters: Lumen forecasts upbeat free cash flow
• Positive Sentiment: Demand for AI-driven fiber and enterprise/digital infrastructure products (PCF and NaaS) is showing traction, with industry coverage highlighting large PCF deals and a shift to higher-margin revenue mix — supportive for longer-term margin expansion. Zacks: Lumen reports better-than-expected Q4 earnings
• Neutral Sentiment: Goldman Sachs raised its price target from $5.50 to $7.25 and kept a neutral rating — a modest vote of confidence on valuation but not a buy signal from the firm. Benzinga: Goldman Sachs raises PT
• Neutral Sentiment: Company presentation, earnings transcript and deep-dive pieces provide color on strategy (enterprise focus, network investments); these are informative for modeling but don’t change near-term cash metrics on their own. Seeking Alpha: Q4 takeaways and strategy
• Negative Sentiment: Revenue declined ~9% YoY in Q4 and the topline weakness spooked investors who are focused on growth recovery — the revenue drop is central to selling pressure. Investing.com: Shares fall as Q4 revenue declines 9% YoY
• Negative Sentiment: Raymond James downgraded/reaffirmed a cautious stance citing a near-term growth hurdle — an analyst downgrade amplifies downside risk as investors weigh whether revenue trends will improve. Investing.com: Raymond James downgrades Lumen
• Negative Sentiment: Block sale by AIGH Capital (≈2.55M shares) increased selling pressure and signaled at least one large holder reducing exposure after the quarter. Fool: AIGH Capital share sale

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.