Lumen Technologies (NYSE:LUMN) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Lumen Technologies (NYSE:LUMN) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a report on Friday, July 17th. The Goldman Sachs Group lowered their price objective on Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their target price on Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Finally, TD Cowen boosted their price target on Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lumen Technologies presently has an average rating of “Reduce” and a consensus target price of $8.11.

Lumen Technologies Price Performance

Shares of Lumen Technologies stock opened at $6.27 on Friday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of -6.14 and a beta of 1.79. The firm’s 50-day moving average is $7.41 and its 200 day moving average is $7.82. Lumen Technologies has a 1 year low of $3.69 and a 1 year high of $11.95.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company posted ($0.03) earnings per share. On average, equities analysts expect that Lumen Technologies will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Lumen Technologies

In related news, CEO Kathleen E. Johnson acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $6.13 per share, with a total value of $613,000.00. Following the completion of the acquisition, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $613,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Lumen Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Lumen Technologies by 324.7% during the 4th quarter. JPMorgan Chase & Co. now owns 22,211,742 shares of the technology company’s stock valued at $172,585,000 after purchasing an additional 16,981,326 shares during the period. Norges Bank bought a new position in shares of Lumen Technologies in the 4th quarter worth approximately $106,557,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lumen Technologies by 737.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,043,124 shares of the technology company’s stock worth $62,496,000 after buying an additional 7,082,560 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lumen Technologies by 87.2% in the second quarter. Bank of New York Mellon Corp now owns 10,489,367 shares of the technology company’s stock worth $80,558,000 after buying an additional 4,886,999 shares during the last quarter. Finally, BlackRock Inc. grew its position in Lumen Technologies by 3.5% during the second quarter. BlackRock Inc. now owns 142,261,845 shares of the technology company’s stock valued at $1,092,571,000 after buying an additional 4,796,141 shares during the period. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Lumen Technologies News Roundup

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

• Positive Sentiment: CEO Kathleen Johnson purchased 100,000 LUMN shares for approximately $613,000 at an average price of $6.13. The sizable open-market purchase signals management confidence in Lumen’s turnaround and better aligns the CEO’s interests with shareholders. Insider Buying: Lumen Technologies CEO Acquires Stock
• Positive Sentiment: Lumen’s second-quarter loss of $0.07 per share was narrower than the $0.13 analyst consensus, while revenue of $2.81 billion exceeded expectations of $2.74 billion. The earnings beat provides evidence that cost controls and the company’s transformation may be progressing. What Changed for Lumen After Earnings Beat
• Positive Sentiment: Lumen is extending its multi-cloud strategy through an Amdocs agreement to modernize enterprise service orchestration and order management on AWS. The initiative could improve service delivery and support growth in cloud- and AI-related offerings. Lumen Extends Multi-Cloud Strategy
• Neutral Sentiment: Analyst opinion remains mixed: several firms maintain Hold or Neutral ratings, while the broader consensus is Reduce. This suggests the earnings beat and insider purchase have not yet resolved uncertainty surrounding Lumen’s long-term turnaround. Analysts Conflicted on Communication Services Names
• Negative Sentiment: Revenue declined 9.3% year over year to $2.81 billion, underscoring continued weakness in Lumen’s legacy businesses. Investors remain concerned that growth in strategic services may not yet be sufficient to offset those declines.
• Negative Sentiment: Goldman Sachs lowered its LUMN price target from $8.50 to $7.25, while Wells Fargo issued a pessimistic forecast and also reduced expectations. The cuts reinforce concerns about limited near-term upside and likely contributed to pressure on the stock. Lumen Shares Down on Analyst Downgrade

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.