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After struggling for years, shares of Lumen Technologies (NYSE: LUMN) skyrocketed in 2024, more than doubling through the first three quarters of the year.
Assuming it does not get bought out, Lumen now has a tremendous opportunity.
Why did Lumen Technologies' shares soar in recent months? There's a dark side to the network vendor's stock-boosting financial maneuvers.
DENVER , Oct. 7, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its third quarter 2024 results on Nov. 5, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m.
If you're like most investors — you assume AI giant Nvidia is the best stock of the year. But 2024's major champ isn't even in the S&P 500.
The underdog telecom company's stock soared nearly fivefold over the past year.
My initial Buy recommendation for Lumen Technologies, Inc. has been my most successful to date, with the stock soaring nearly 400% since January. The reasons for this optimism are rooted in management's successful execution of its turnaround plan. Management has pledged to deliver further cost efficiencies soon, and recent developments in expanding AI exposure appear extremely promising.
DENVER , Sept. 17, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced the early results of its offers to exchange newly-issued secured notes for certain of its outstanding unsecured senior notes.
SOMERVILLE, Mass.--(BUSINESS WIRE)-- #AI--Jamie McNulty honored for her passion, dedication, and exceptional contributions in tech to her team and organization.
Lumen stock soared today thanks to a new ownership disclosure made to the SEC. A new, individual investor now owns roughly 5.4% of Lumen's common stock.