Lumen Technologies (NYSE:LUMN) CEO Kathleen Johnson Acquires 100,000 Shares

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen Johnson purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $6.13 per share, with a total value of $613,000.00. Following the completion of the purchase, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $613,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Lumen Technologies Stock Down 3.0%

Shares of Lumen Technologies stock opened at $5.89 on Friday. The business has a 50-day moving average price of $7.51 and a 200 day moving average price of $7.84. Lumen Technologies, Inc. has a fifty-two week low of $3.63 and a fifty-two week high of $11.95. The firm has a market cap of $6.08 billion, a P/E ratio of -5.78 and a beta of 1.78.

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

Institutional Trading of Lumen Technologies

Several hedge funds have recently added to or reduced their stakes in LUMN. JPMorgan Chase & Co. lifted its holdings in shares of Lumen Technologies by 324.7% in the fourth quarter. JPMorgan Chase & Co. now owns 22,211,742 shares of the technology company’s stock valued at $172,585,000 after buying an additional 16,981,326 shares during the period. Norges Bank acquired a new position in Lumen Technologies during the fourth quarter worth about $106,557,000. Price T Rowe Associates Inc. MD raised its position in Lumen Technologies by 737.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,043,124 shares of the technology company’s stock worth $62,496,000 after acquiring an additional 7,082,560 shares in the last quarter. Bank of New York Mellon Corp raised its position in Lumen Technologies by 87.2% in the second quarter. Bank of New York Mellon Corp now owns 10,489,367 shares of the technology company’s stock worth $80,558,000 after acquiring an additional 4,886,999 shares in the last quarter. Finally, Trexquant Investment LP lifted its holdings in Lumen Technologies by 481.2% in the 4th quarter. Trexquant Investment LP now owns 5,605,410 shares of the technology company’s stock valued at $43,554,000 after acquiring an additional 4,640,911 shares during 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: CEO Kathleen E. Johnson purchased 100,000 LUMN shares for approximately $613,000, signaling confidence in the company’s turnaround and aligning management’s interests with shareholders. SEC Form 4 filing
• Positive Sentiment: Lumen’s second-quarter adjusted loss of $0.07 per share beat the $0.13 consensus estimate, while revenue of $2.81 billion exceeded expectations. Free cash flow turned positive, and the company maintained its full-year free-cash-flow outlook of $1.9 billion to $2.1 billion. Lumen Posts Narrower-Than-Expected Q2 Loss
• Positive Sentiment: Strategic revenue increased roughly 14%, now representing more than half of business revenue. Growth in networking-as-a-service and the Alkira digital-networking platform supports Lumen’s shift toward AI-enabled and cloud-focused services. Lumen Q2 Earnings Call Highlights
• Positive Sentiment: Lumen is expanding its multi-cloud strategy through an agreement with Amdocs to modernize enterprise service orchestration and order management on AWS, potentially improving service delivery and innovation. Lumen Extends Multi-Cloud Strategy
• Neutral Sentiment: Lumen appointed technology and operations veteran John M. Hinshaw to its board, adding experience from HSBC, Hewlett-Packard, Boeing, and Verizon Wireless. The move supports modernization efforts but does not immediately change financial results. Lumen Appoints John M. Hinshaw
• Negative Sentiment: Revenue fell 9.3% year over year to $2.81 billion, while legacy-business declines continue to pressure total sales and EBITDA. The earnings beat therefore has not eliminated concerns about the pace and profitability of Lumen’s transformation.
• Negative Sentiment: Goldman Sachs reduced its price target from $8.50 to $7.25 and Wells Fargo cut its target from $9.00 to $7.50; both firms retained neutral or equal-weight ratings. The reductions likely contributed to the weaker share performance by signaling limited near-term upside despite the earnings beat.

Analysts Set New Price Targets

A number of brokerages have weighed in on LUMN. Wall Street Zen cut shares of Lumen Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. The Goldman Sachs Group decreased their price target on shares of Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating for the company in a report on Wednesday. UBS Group boosted their price objective on shares of Lumen Technologies from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.11.

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.