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LUMN teams up with Google Cloud to deliver secure, high-speed network solutions, empowering enterprises to meet growing AI demands.
Higher demand for LUMN's PCF solutions bodes well, but a debt-laden balance sheet and competition in the AI space remain overhangs.
Lumen Technologies, Inc. (NYSE:LUMN ) NewStreet Research and BCG Future of Connectivity Leaders Conference March 26, 2025 1:45 PM ET Company Participants Chris Stansbury - EVP, CFO Conference Call Participants Brandon Magsamen - Boston Consulting Group Brandon Magsamen Well, good afternoon. Thanks for joining us.
Lumen Technologies has faced top line contraction due to past asset sales, but expects positive free cash flow by FY 2025. The company's fiber broadband business is a key growth driver, adding 42k new subscribers and generating 19% higher revenues in the last quarter. Despite a free cash flow rebound in FY 2024, Lumen remains overleveraged compared to rivals like AT&T and Verizon.
Lumen (LUMN -9.26%) stock got hit hard in Tuesday's trading. Its share price was down 10% just before market close on news that the company could wind up selling one of its units to AT&T.
AT&T is in talks to acquire Lumen Technologies' consumer fiber operations, Bloomberg News reported on Tuesday, according to people with knowledge of the matter.
Lumen (LUMN 6.66%) stock is soaring in Friday's trading. The company's share price was up 7.8% as of 3 p.m.
Higher demand for Lumen's PCF solutions amid rapid AI proliferation is an encouraging development.
Lumen (LUMN) reported earnings 30 days ago. What's next for the stock?
Lumen (LUMN 7.32%) stock is climbing higher in Wednesday's trading, thanks to favorable demand indicators and momentum for the broader market. The telecommunications technologies company's share price was up 6.8% as of 2:45 p.m.