LUMN Stock Recent News

One of this week's top breakout sensations is still trending upward after an impressive surge. Lumen Technologies (NYSE: LUMN ) stock began skyrocketing after markets opened yesterday.

Lumen Technologies (LUMN) shares soared for a second straight session Wednesday after the telecom provider reported better-than-expected results and a huge jump in its full-year free cash flow guidance as it capitalizes on the artificial intelligence (AI) boom.

Lumen Technologies NYSE: LUMN is known for its legacy telecommunications business. However, recently, Lumen's stock price has skyrocketed over 150%.

Lumen's (LUMN) second-quarter revenue performance is affected by the impact of divestitures, commercial agreements and the sale of the CDN business.

As of Aug 7, 2024, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Lumen Technologies trading volume surged in July, with stock price starting at $1.00 and to around $6.70 in after-hours trade after posting results. Lumen secured $5 billion in AI-related new business and $7 billion in sales opportunities, leading to its impressive increase in stock price. Lumen's partnership with Corning for fiber network expansion will support business growth and increased free cash flow forecast for 2024; this may lead to debt rating upgrade and improved growth.

Although the revenue and EPS for Lumen (LUMN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Is it too early to call Lumen (NYSE: LUMN) the next meme stock?

DENVER , Aug. 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) reported results for the second quarter ended June 30, 2024. Driving Commercial Excellence, Stabilizing the Base, and Innovating for Growth Continued success in North American Large and Mid-Market Enterprise sales.

Today, a little-known company is making waves on Wall Street. Lumen Technologies (NYSE: LUMN ) is a penny stock but it likely won't be for long.