Lumen Technologies, Inc. (NYSE:LUMN) Receives $8.32 Consensus Price Target from Analysts

Lumen Technologies, Inc. (NYSE:LUMN) has been given an average rating of “Reduce” by the ten research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $8.3214.

A number of equities research analysts have issued reports on LUMN shares. Wall Street Zen downgraded shares of Lumen Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their target price on shares of Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company upped their price target on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. TD Cowen increased their price target on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Finally, Zacks Research cut shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th.

Lumen Technologies Stock Performance

NYSE:LUMN opened at $6.75 on Friday. The company has a market cap of $6.95 billion, a price-to-earnings ratio of -3.88 and a beta of 1.78. Lumen Technologies has a fifty-two week low of $3.61 and a fifty-two week high of $11.95. The stock has a fifty day moving average price of $7.70 and a 200-day moving average price of $7.88.

Lumen Technologies (NYSE:LUMN) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. Research analysts predict that Lumen Technologies will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Lumen Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Lumen Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after buying an additional 26,305 shares in the last quarter. Empowered Funds LLC raised its stake in Lumen Technologies by 26.8% during the first quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 57,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Lumen Technologies by 11.2% in the first 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 worth $11,702,000 after acquiring an additional 300,328 shares during the last quarter. Cetera Investment Advisers lifted 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 worth $524,000 after acquiring an additional 16,332 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Lumen Technologies by 6.3% in 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.

Trending Headlines about Lumen Technologies

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

• Positive Sentiment: Lumen reported a second-quarter adjusted loss of $0.07 per share, narrower than the consensus estimate of a $0.13–$0.15 loss. The earnings beat is a key reason investors responded favorably. Lumen Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Revenue totaled $2.81 billion, above the approximately $2.74 billion analyst forecast. Strong demand for digital networking, including services supporting cloud connectivity and AI workloads, helped drive the revenue outperformance. Lumen Beats Revenue Estimates on Strong Digital Networking Demand
• Positive Sentiment: Management reaffirmed its full-year outlook and highlighted progress in improving the company’s revenue mix, simplifying operations and expanding its digital platform. The Alkira acquisition is intended to strengthen Lumen’s multi-cloud and AI networking capabilities.
• Positive Sentiment: The appointment of John M. Hinshaw to the board adds experience in enterprise technology, cybersecurity, digital transformation and operational execution, supporting Lumen’s strategy of serving AI-related infrastructure demand. Lumen Appoints John M. Hinshaw to Board
• Negative Sentiment: Despite beating estimates, revenue declined 9.3% year over year, and the company remained unprofitable. The quarterly loss also widened from $0.03 per share in the prior-year period to $0.07, underscoring the execution and cash-flow risks investors continue to monitor.

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.