Key Points
- Director Diankha Linear sold 45,000 shares at an average price of $7.89 for a total of $355,050, reducing their stake by 18.5% to 198,229 shares, according to an SEC filing.
- Lumen reported quarterly EPS of $0.23, beating estimates (consensus -$0.21) on $3.04 billion of revenue (down 8.7% year-over-year), while the stock trades around $7.84 with a 52-week range of $3.01–$11.95 and a market cap of about $8.04 billion.
- The consensus analyst rating is Hold with a $7.25 price target, and institutional investors own roughly 66.2% of the company with several funds modestly adjusting their positions.
Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) Director Diankha Linear sold 45,000 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $7.89, for a total value of $355,050.00. Following the transaction, the director directly owned 198,229 shares of the company's stock, valued at approximately $1,564,026.81. This represents a 18.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Lumen Technologies Stock Down 2.4%
Shares of NYSE:LUMN opened at $7.84 on Friday. Lumen Technologies, Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $11.95. The firm's 50 day moving average price is $8.08 and its 200 day moving average price is $7.30. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of -4.50 and a beta of 1.51.
Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.44. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the firm posted $0.09 EPS. The company's quarterly revenue was down 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Lumen Technologies, Inc. will post -0.87 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in shares of Lumen Technologies by 15.5% in the third quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company's stock valued at $43,000 after acquiring an additional 968 shares during the period. Fifth Third Bancorp increased its holdings in shares of Lumen Technologies by 24.5% in the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company's stock valued at $33,000 after acquiring an additional 1,051 shares during the period. Crossmark Global Holdings Inc. raised its position in Lumen Technologies by 2.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 61,599 shares of the technology company's stock valued at $479,000 after purchasing an additional 1,230 shares during the last quarter. Xponance Inc. boosted its stake in Lumen Technologies by 1.7% during the 3rd quarter. Xponance Inc. now owns 75,686 shares of the technology company's stock worth $463,000 after purchasing an additional 1,273 shares during the period. Finally, Arkadios Wealth Advisors grew its position in Lumen Technologies by 10.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 14,154 shares of the technology company's stock worth $87,000 after purchasing an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on LUMN shares. Zacks Research raised Lumen Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 8th. Weiss Ratings restated a "sell (d-)" rating on shares of Lumen Technologies in a research note on Thursday, January 22nd. Raymond James Financial reaffirmed a "market perform" rating on shares of Lumen Technologies in a report on Wednesday, February 4th. UBS Group raised their price objective on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of Lumen Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lumen Technologies has a consensus rating of "Hold" and a consensus price target of $7.25.
Get Our Latest Stock Analysis on Lumen Technologies
About Lumen Technologies
(
Get Free Report)
Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company's core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.
Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.
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