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Lumen Technologies Inc.'s chief executive continues to be a buyer of her company's stock, scooping up nearly $1 million worth in the wake of the latest earnings report.
Lumen's (LUMN) first-quarter performance is affected due to the weakness across both business segments.
The headline numbers for Lumen (LUMN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Lumen (LUMN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Lumen's (LUMN) Q1 performance is likely to have been hurt by a time-consuming digital transformation process. Continued investments in Quantum Fiber and enterprise businesses are expected to have been positives.
Lumen Technologies Inc. LUMN, on Tuesday said it would reduce staff by less than 7% through layoffs and voluntary separations. The telecom and networking company said in a filing that the move was part of a cost-cutting effort expected to largely be completed by the end of the second quarter.
With all the turbulence in the stock market at this time, it's imperative to consider theimpact of analyst downgrades to minimize risk. Following a momentous AI-powered rally in the past year or so, the market's taking a breather.
Lumen (LUMN) highlights that the contract has a base performance period of one year, with eight one-year additional options.
DENVER , Apr. 2, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world's digital potential, will release its first quarter 2024 results on Apr. 30, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m.
Lumen (LUMN) now has a robust liquidity position, including $1 billion in revolving credit facility, following the successful completion of the transactions contemplated by the TSA.