Lumen Technologies, Inc. is a global technology company that provides a broad range of communication and data services. It specializes in offering high-speed internet, cloud solutions, and managed services to businesses and consumers, focusing on enhancing connectivity and digital experiences. The company leverages its extensive network infrastructure to deliver reliable and secure communication solutions, catering to a variety of sectors including education, healthcare, and government. Lumen also emphasizes innovation in areas such as edge computing and Internet of Things (IoT) applications, aiming to support organizations in their digital transformation efforts. Read More
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around.
Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the telecommunication services industry, including Globalstar (NASDAQ:GSAT) and its peers.
Shares of telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) jumped 4.3% in the morning session after the company announced it is teaming up with Pac-12 Enterprises to power a new era in sports broadcasting.
Pac-12 Enterprises and Lumen Technologies (NYSE: LUMN) are teaming up to reinvent how live sports broadcasts are produced and delivered. For the first time, Pac-12 Enterprises will be utilizing its next-generation broadcasting model underpinned by Lumen’s Network-as-a-Service (NaaS) technology to bring fans Pac-12 football and more, beginning with Washington State’s home-opener vs. Idaho on August 30 on The CW. Using Lumen NaaS, Pac-12 Enterprises has been able to unlock a new era of real-time, scalable, high-performance live sports production.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Lumen (NYSE:LUMN) and the rest of the terrestrial telecommunication services stocks fared in Q2.
Let’s dig into the relative performance of Telephone and Data Systems (NYSE:TDS) and its peers as we unravel the now-completed Q2 terrestrial telecommunication services earnings season.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
A number of stocks fell in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.
As enterprise business demand for AI acceleration and multi-cloud scale reaches historic highs, Lumen Technologies (NYSE: LUMN) is stepping up with major enhancements to data center and cloud connectivity across its U.S. network. This strategic expansion will enable Lumen to deliver blazing-fast, secure, cost-efficient infrastructure with up to 400Gbps Ethernet and IP Services at more than 70 third-party, cloud on-ramp ready data centers across 16 highly connected metro markets.
Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), has closed its previously announced offering of $2.0 billion aggregate principal amount of 7.000% First Lien Notes due 2034 (the “First Lien Notes”). The First Lien Notes have a maturity date of March 31, 2034 and are guaranteed and secured on a first lien basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of the Issuer. Level 3 Financing used the net proceeds from the offering, together with cash on hand, to redeem all $1,408,435,434 aggregate principal amount of Level 3 Financing’s 11.000% Senior Secured Notes due 2029 and to partially redeem $305,367,000 aggregate principal of Level 3 Financing’s 10.750% First Lien Notes due 2030, in each case, including payment of redemption premium, and to pay related fees and expenses.
Shares of telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) jumped 4.5% in the afternoon session after the company announced the appointment of a former Microsoft AI executive to a key leadership role, coupled with a significant stock purchase by its Chief Financial Officer. The network services provider appointed Sean Alexander, a founding executive of Microsoft AI, as Senior Vice President of Connected Ecosystems. In this new role, Alexander is tasked with building a team to drive customer co-innovation, strategic partnerships, and new revenue streams. This strategic hire suggests a stronger focus on high-growth areas like AI.
Lumen Technologies (NYSE: LUMN) today announced the appointment of Sean Alexander as Senior Vice President of Connected Ecosystems. A seasoned enterprise growth leader and founding executive of Microsoft AI, Alexander will be responsible for building and scaling a world-class business development team that drives customer co-innovation, strategic partnerships, and new revenue streams for Lumen.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the terrestrial telecommunication services industry, including Cogent (NASDAQ:CCOI) and its peers.
Shares of telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) jumped 4.7% in the afternoon session after the company announced it has surpassed 1,000 customers on its Network-as-a-Service (NaaS) platform, a major milestone since the service's launch. The Network-as-a-Service (NaaS) platform, which launched in late 2023, allows business customers like Best Buy, Foot Locker, and Columbia Sportswear to digitally manage and scale their network connectivity on demand. This milestone follows a recent second-quarter earnings report where Lumen posted a much narrower-than-expected loss per share of $0.03, significantly beating the consensus forecast of a $0.25 loss. During the earnings call, the company had highlighted strong growth in NaaS adoption. Adding to the positive sentiment, the company's CEO recently purchased over $500,000 worth of company stock, signaling strong internal confidence.
Lumen Technologies (NYSE: LUMN) today announced it has exceeded 1,000 customers on its Network-as-a-Service (NaaS) platform—a major milestone in the shift toward faster, smarter enterprise connectivity. As businesses embrace AI to transform operations, the demand for agile, scalable connectivity has never been greater. Lumen’s NaaS platform meets this need with instant speed, control, and scalability, helping companies modernize without the complexity of legacy infrastructure.
Telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) fell short of the market’s revenue expectations in Q2 CY2025, with sales falling 5.4% year on year to $3.09 billion. Its non-GAAP loss of $0.03 per share was 88.7% above analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after a key inflation report met expectations, bolstering hopes for a Federal Reserve interest rate cut, while a separate report indicated rising optimism among small businesses. The July Consumer Price Index (CPI) report showed annual inflation holding steady at 2.7%, aligning with forecasts and increasing the probability of a Federal Reserve interest rate cut to over 94%. Lower interest rates can stimulate the economy by making it cheaper for businesses to borrow and invest.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Lumen Technologies, Inc. (“Lumen”, “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), has agreed to sell $2.00 billion aggregate principal amount of its 7.000% First Lien Notes due 2034 (the “First Lien Notes”), which represents a $750 million increase from the previously announced size of the offering.
Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), plans to offer $1.25 billion aggregate principal amount of First Lien Notes due 2034 (the “First Lien Notes”).
