Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) CEO Kathleen E. Johnson purchased 750,000 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $1.28 per share, with a total value of $960,000.00. Following the transaction, the chief executive officer now owns 7,756,290 shares in the company, valued at approximately $9,928,051.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Lumen Technologies Price Performance
Shares of LUMN opened at $1.32 on Friday. Lumen Technologies, Inc. has a 1-year low of $0.78 and a 1-year high of $2.70. The company has a quick ratio of 1.35, a current ratio of 1.03 and a debt-to-equity ratio of 36.89. The firm's 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.48.
Lumen Technologies (NYSE:LUMN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Lumen Technologies had a negative net margin of 76.21% and a positive return on equity of 4.06%. The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same quarter last year, the business posted $0.10 EPS. The business's quarterly revenue was down 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Lumen Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lumen Technologies
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Several hedge funds have recently added to or reduced their stakes in LUMN. Strategies Wealth Advisors LLC purchased a new position in shares of Lumen Technologies during the 4th quarter valued at about $26,000. Brighton Jones LLC purchased a new position in shares of Lumen Technologies during the fourth quarter worth approximately $27,000. HighPoint Advisor Group LLC bought a new stake in shares of Lumen Technologies in the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Lumen Technologies in the 3rd quarter valued at $30,000. Finally, Fidelis Capital Partners LLC grew its holdings in shares of Lumen Technologies by 94.6% during the 1st quarter. Fidelis Capital Partners LLC now owns 22,142 shares of the technology company's stock valued at $35,000 after purchasing an additional 10,764 shares during the last quarter. Institutional investors own 66.19% of the company's stock.
Lumen Technologies Company Profile
(
Get Free Report)
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.
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