Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers compute and application services, such as cloud services, IT solutions, unified communication and collaboration solutions, colocation and data center services, content delivery services, and managed security services; and IP and data services, including VPN data network, Ethernet, internet protocol (IP), and voice over internet protocol. The company also provides fiber infrastructure services comprising high bandwidth optical wavelength networks; and unlit optical fiber and related professional services. In addition, it offers voice and other services, including private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; a portfolio of traditional time division multiplexing voice services; and synchronous optical network-based Ethernet, legacy data hosting services, and conferencing services. As of December 31, 2021, the company served approximately 4.5 million broadband subscribers. The company was formerly known as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.
Company profile
Ticker
LUMN
Exchange
Website
CEO
Ms. Kathleen E. Johnson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
APOGEE ENTERPRISES INC
SEC CIK
Corporate docs
Subsidiaries
Actel, LLC • Bloomingdale Telephone Company, Inc. • Century Cellunet International, Inc. • Cellunet of India Limited • Century Telephone of West Virginia, Inc. • CenturyLink Community Giving Foundation, Inc. • CenturyLink Communications, LLC • Boxgate Holdings, LLC • ELASTICBOX INC. • Q Fiber, LLC ...
IRS number
720651161
LUMN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
4 Oct 24
8-K
Entry into a Material Definitive Agreement
24 Sep 24
8-K
Lumen Announces Early Tender Results of Exchange Offers for Unsecured Notes of Lumen and Level 3
17 Sep 24
8-K
Lumen Announces Exchange Offers for Unsecured Notes of Lumen and Level 3
3 Sep 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Lumen Technologies reports second quarter 2024 results
6 Aug 24
8-K
AI Demand Drives $5 Billion in New Business and Massive Expansion of the Internet
5 Aug 24
8-K
Departure of Directors or Certain Officers
17 May 24
S-8
Registration of securities for employees
16 May 24
8-K
Lumen Appoints Chad Ho as Executive Vice President and Chief Legal Officer
6 May 24
Transcripts
LUMN
Earnings call transcript
2024 Q2
6 Aug 24
LUMN
Earnings call transcript
2024 Q1
30 Apr 24
LUMN
Earnings call transcript
2023 Q4
6 Feb 24
LUMN
Earnings call transcript
2023 Q3
31 Oct 23
LUMN
Earnings call transcript
2023 Q2
1 Aug 23
LUMN
Earnings call transcript
2023 Q2
1 Aug 23
LUMN
Earnings call transcript
2023 Q1
2 May 23
LUMN
Earnings call transcript
2022 Q4
7 Feb 23
LUMN
Earnings call transcript
2022 Q3
2 Nov 22
LUMN
Earnings call transcript
2022 Q2
4 Aug 22
Latest ownership filings
SC 13G/A
STATE STREET CORP
18 Oct 24
SC 13G
Hagan Dan
11 Sep 24
4
Andrea Genschaw
5 Sep 24
4
James Fowler
3 Sep 24
144
Notice of proposed sale of securities
8 Aug 24
144
Notice of proposed sale of securities
8 Aug 24
4
CHADWICK HO
11 Jun 24
3
CHADWICK HO
11 Jun 24
3
Satish Lakshmanan
24 May 24
4
T MICHAEL GLENN
20 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.51 bn | 1.51 bn | 1.51 bn | 1.51 bn | 1.51 bn | 1.51 bn |
Cash burn (monthly) | 28.33 mm | 61.75 mm | (no burn) | 140.17 mm | (no burn) | (no burn) |
Cash used (since last report) | 106.39 mm | 231.87 mm | n/a | 526.33 mm | n/a | n/a |
Cash remaining | 1.40 bn | 1.28 bn | n/a | 980.67 mm | n/a | n/a |
Runway (months of cash) | 49.4 | 20.6 | n/a | 7.0 | n/a | n/a |
Institutional ownership, Q2 2024
63.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 454 |
Opened positions | 62 |
Closed positions | 83 |
Increased positions | 107 |
Reduced positions | 138 |
13F shares | Current |
---|---|
Total value | 694.68 bn |
Total shares | 645.66 mm |
Total puts | 29.70 mm |
Total calls | 6.00 mm |
Total put/call ratio | 4.9 |
Largest owners | Shares | Value |
---|---|---|
BLK BlackRock | 148.83 mm | $163.72 bn |
Vanguard | 118.12 mm | $129.93 bn |
STT State Street | 50.58 mm | $55.64 bn |
Charles Schwab Investment Management | 32.06 mm | $35.26 bn |
Geode Capital Management | 22.96 mm | $25.26 bn |
First Trust Advisors | 19.61 mm | $21.57 bn |
HBCYF HSBC | 19.48 mm | $20.19 bn |
IVZ Invesco | 16.95 mm | $18.65 bn |
Two Sigma Advisers | 15.03 mm | $16.53 bn |
Two Sigma Investments | 13.19 mm | $14.51 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Sep 24 | James Fowler | Common Stock | Buy | Acquire P | No | No | 4.699 | 10,000 | 46.99 k | 384,056 |
23 Aug 24 | Andrea Genschaw | Common Stock | Sale back to company | Dispose D | No | No | 0 | 8,609 | 0.00 | 432,643 |
23 Aug 24 | Andrea Genschaw | Common Stock | Payment of exercise | Dispose F | No | No | 6.23 | 25,158 | 156.73 k | 441,252 |
10 Jun 24 | Chadwick Ho | Common Stock | Grant | Acquire A | No | No | 0 | 349,650 | 0.00 | 854,701 |
10 Jun 24 | Chadwick Ho | Common Stock | Grant | Acquire A | No | No | 0 | 505,051 | 0.00 | 505,051 |
16 May 24 | Clontz Steven T | Common Stock | Grant | Acquire A | No | No | 0 | 157,518 | 0.00 | 583,152 |
News
Construction Partners, Lumen Technologies, Viad Corp And Other Big Stocks Moving Higher On Monday
21 Oct 24
Lumen And Meta Join Forces To Boost AI With Flexible, On-Demand Network Solutions
21 Oct 24
Lumen And Meta Partner For AI Network Expansion; To Provide Dedicated Interconnection For Meta's Infrastructure
21 Oct 24
The 502d Contracting Squadron, 395 B Street West Suite 2, Joint Base San Antonio-TX 78150, Intends To Solicit And Award A Sole Source Firm-Fixed-Price Contract To Lumen Technologies; No Financial Terms Disclosed
18 Oct 24
10 Communication Services Stocks With Whale Alerts In Today's Session
18 Oct 24
Press releases
Lumen and Meta Partner to Drive AI Network Expansion
21 Oct 24
Lumen Technologies sets third quarter 2024 earnings call date
7 Oct 24
Lumen Announces Early Tender Results of Exchange Offers for Unsecured Notes of Lumen and Level 3
17 Sep 24
Lumen Announces Exchange Offers for Unsecured Notes of Lumen and Level 3
3 Sep 24
Lumen Selects Blue Planet to Underpin its Network Inventory Transformation Program
21 Aug 24