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Investors are cheering a new fiber supply deal that could grow the company's network. A short squeeze may have helped the bounce in shares today.
DENVER , June 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024. The presentation is scheduled to begin at 12:40 p.m.
LUMN, SFST and MORF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 14, 2023.
Lumen's Q3 report arrived with a big earnings miss. The company also announced a major restructuring deal with a group of its creditors.
Lumen experienced a sharp drop in its stock price despite an apparently positive earnings report in February. Gloomy guidance suggests that the ongoing turnaround won't materialize anytime soon.
Lumen's slowing growth, high debt, and dividend cut spooked the bulls. Moderna and Pfizer both face tough post-pandemic slowdowns.
Fintel reports that Temasek Holdings (Private) Ltd has filed a 13D/A form with the SEC disclosing ownership of 50,919,596 shares of Lumen Technologies (fka CenturyLink) (LUMN).
Lumen Technologies, Inc. did the unthinkable and completely eliminated its dividend. Lumen eliminated the dividend despite a raised free cash flow forecast.