Lumen Technologies (NYSE:LUMN) CEO Kathleen Johnson Buys 100,000 Shares of Stock

Lumen Technologies, Inc. (NYSE:LUMN) CEO Kathleen Johnson purchased 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the acquisition, the chief executive officer directly owned 100,000 shares in the company, valued at $613,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lumen Technologies Stock Down 3.0%

NYSE LUMN traded down $0.18 during trading hours on Thursday, reaching $5.89. 17,159,391 shares of the company were exchanged, compared to its average volume of 13,683,681. The stock has a market capitalization of $6.07 billion, a P/E ratio of -5.78 and a beta of 1.78. Lumen Technologies, Inc. has a 1 year low of $3.63 and a 1 year high of $11.95. The business’s 50 day simple moving average is $7.60 and its 200-day simple moving average is $7.86.

Lumen Technologies (NYSE:LUMN) last released its earnings results on Tuesday, August 4th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The firm’s revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lumen Technologies, Inc. will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in shares of Lumen Technologies during the 4th quarter valued at $25,000. Ascentis Independent Advisors bought a new stake in Lumen Technologies during the first quarter valued at $27,000. International Assets Investment Management LLC purchased a new position in Lumen Technologies during the fourth quarter worth about $30,000. Versant Capital Management Inc grew its position in Lumen Technologies by 90.3% during the second quarter. Versant Capital Management Inc now owns 3,920 shares of the technology company’s stock worth $30,000 after buying an additional 1,860 shares in the last quarter. Finally, Trust Asset Management LLC bought a new position in Lumen Technologies in the 2nd quarter worth about $34,000. 66.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LUMN has been the topic of a number of recent research reports. Wall Street Zen cut Lumen Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. TD Cowen upped their price objective on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their target price on shares of Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating for the company in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $8.11.

Trending Headlines about Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen reported a second-quarter adjusted loss of $0.07 per share, better than analyst expectations, while revenue of approximately $2.81 billion also exceeded estimates. Free cash flow turned positive, and management maintained its full-year outlook, including expected free cash flow of $1.9 billion to $2.1 billion. Lumen Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Strategic business revenue increased about 14%, reaching more than half of business revenue, as Lumen benefits from rising demand for networking-as-a-service, cloud connectivity and AI-related infrastructure. The Alkira acquisition is supporting its multi-cloud and digital-networking strategy. Lumen Q2 Earnings Call Highlights Digital Revenue Shift
• Positive Sentiment: Lumen is expanding its multi-cloud strategy through a partnership with Amdocs. Amdocs’ agentic operating system will help modernize Lumen’s enterprise service orchestration and order-management platform on AWS, potentially accelerating product delivery and operational efficiency. Lumen Extends Multi-Cloud Strategy with Amdocs
• Neutral Sentiment: Lumen appointed technology and operations veteran John M. Hinshaw to its board. His experience at HSBC, Hewlett-Packard, Boeing and Verizon Wireless adds operational expertise, but the appointment has limited immediate financial impact. Lumen Appoints John M. Hinshaw to Its Board
• Negative Sentiment: Overall revenue fell 9.3% year over year, and EBITDA remains pressured by the ongoing wind-down of legacy services. Investors may want stronger evidence that growth in strategic digital revenue can offset the shrinking traditional business. Lumen Q2 Earnings Call Highlights
• Negative Sentiment: Goldman Sachs lowered its Lumen price target from $8.50 to $7.25, while Wells Fargo cut its target from $9.00 to $7.50. Both firms retained neutral or equal-weight ratings, signaling caution about the pace of the turnaround. Analyst Price Target Changes

Lumen Technologies Company Profile

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.