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Why is LUMN stock dropping today?
LUMN stock dropped heavily after 4Q-21 earnings were revealed. Lumen Technologies continued to lose revenues in the last quarter. EBITDA and free cash flow are expected to drop this year as well. The dividend will remain well-covered.
Is lumen a good stock to buy?
With this in mind, I consider LUMN stock as a hold for now. Lumen Technologies has been in a transition phase since 2021 when it turned profitable after three consecutive years of net losses. The shares of this technology company have proved to be somewhat resilient year-to-date, having losses of 15%.
Is lumen a sell?
The news comes after Dealreporter early last month said that Lumen (LUMN), formerly known as CenturyLink until 2020, is said to be preparing a sale of its entire European network, which may be valued at $1.5 billion to $2 billion.
Why did CenturyLink change their name?
According to the company, the name change from CenturyLink to Lumen Technologies is part of its effort to refocus its business. The company wants to better focus on a platform instead of just a service. That includes creating a platform that lets users link their smart devices, home security, internet and more.
Is AT&T a good stock to buy?
AT&T is a good buy at the current levels. The stock is trading at 8.16x FY23 EPS estimates of $2.52 and has a forward dividend yield of 5.40%. The company's valuation is a slight discount versus Verizon (VZ) which is trading at a FY23 P/E of 9.22x.
What is the outlook for Lumen Technologies?
The 10 analysts offering 12-month price forecasts for Lumen Technologies Inc have a median target of 10.50, with a high estimate of 12.50 and a low estimate of 8.00.
Is Apollo buying CenturyLink?
Lumen Technologies has sold its CenturyLink telecommunications operations in Tennessee and neighboring states to Apollo Global Management Inc. The $7.5 billion deal was announced in early August and includes all of Lumen's incumbent local exchange carrier operations in a 20-state region.
What Will Apollo do with lumen?
Apollo's $7.5 billion deal with Lumen is set to close in the second half of 2022. Once it does, Apollo said in a press release the ILEC assets will become part of a company called Brightspeed, which will have its headquarters in Charlotte, North Carolina.
Who bought CenturyLink?
Apollo Global ManagementLumen will sell CenturyLink-branded assets to Apollo across 20 states and retain those in 16 states. Lumen Technologies has agreed to sell a portion of its incumbent local exchange carrier (ILEC) operations to Apollo Global Management for $7.5 billion.
Is CenturyLink stock a good buy?
In aggregate, CenturyLink currently has a Zacks Value Style Score of A, putting it into the top 20% of all stocks we cover from this look.
Is CenturyLink in financial trouble?
CenturyLink has been hurt by a number of headlines, including executive turnover, delays in regulatory filings, weak earnings, and a reduced dividend—and its payout could shrink even further. But the company isn't alone: The industry as a whole is dealing with the consequences of shrinking revenue and high debt.
Is CenturyLink owned by AT&T?
The AT&T-owned DirecTV and CenturyLink have been accused of leaving private customer data online available for anybody to find via a simple search. That is, for potentially millions of customers.
About CTL
Stats
Lumen Technologies, Inc. is an investment holding company, which engages in the provision of integrated communications to residential and business customers. It operates through the following segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer.
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Why stocks are plummeting this earnings season
What analysts on recommend for this stock, on a scale from 1 (buy) to 5 (sell).
Lumen scrubbed more than 20,000 enterprise DDoS attacks in 2021
Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries.
Courtland Madock Joins Brightspeed as Chief Marketing Officer
Lumen Technologies (NYSE: LUMN) continues to track Distributed Denial of Service (DDoS) attacks around the world, and today the company released a report that details the DDoS statistics and trends seen in the fourth quarter and full-year 2021.
