Lumen stock took its latest plunge last week after the company projected that adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) will fall dramatically in 2022. The shares sank 21% in the final two days of the week. Lumen stock performance, data by YCharts.
Will Lumen Technologies (Lumn) stock sustain or increase its dividend?
Aug 04, 2021 · What happened. Shares of Lumen Technologies ( LUMN -0.78% ) (formerly CenturyLink) were down 8.8% at market close on Wednesday. The tumble in share price followed the company's second-quarter 2021 ...
Why is Lumn stock slipping today?
Feb 12, 2022 · Lumen stock took its latest plunge last week after the company projected that adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA) will fall dramatically in 2022. The...
What is Lumen Technologies'stock symbol?
Apr 03, 2022 · Lumen Technologies' stock was trading at $10.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LUMN shares have increased by 4.3% and is now trading at $10.81. View which stocks have been most impacted by COVID-19.
Why did an analyst lower lumen stock's price target?
Jan 13, 2022 · That massive share movement at a discounted price from yesterday’s close easily explains why shares of LUMN stock are slipping today. It pulls down the price as it harms investor confidence and...
Is Lumen Technologies a buy right now?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumen Technologies in the last twelve months. There are currently 1 sell r...
How has Lumen Technologies' stock price been impacted by Coronavirus?
Lumen Technologies' stock was trading at $10.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organiza...
When is Lumen Technologies' next earnings date?
Lumen Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, May 4th 2022. View our earnings forecast for Lum...
How were Lumen Technologies' earnings last quarter?
Lumen Technologies, Inc. (NYSE:LUMN) posted its earnings results on Wednesday, February, 9th. The technology company reported $0.51 earnings per sh...
How often does Lumen Technologies pay dividends? What is the dividend yield for Lumen Technologies?
Lumen Technologies declared a quarterly dividend on Friday, February 25th. Stockholders of record on Tuesday, March 8th will be given a dividend of...
Is Lumen Technologies a good dividend stock?
Lumen Technologies pays an annual dividend of $1.00 per share and currently has a dividend yield of 9.24%. LUMN has a dividend yield higher than 75...
What price target have analysts set for LUMN?
3 Wall Street analysts have issued 1-year price targets for Lumen Technologies' shares. Their forecasts range from $8.00 to $13.00. On average, the...
Who are Lumen Technologies' key executives?
Lumen Technologies' management team includes the following people: Mr. Jeffrey K. Storey , Pres, CEO & Director (Age 61, Pay $5.52M) Mr. Indrane...
What is Jeff Storey's approval rating as Lumen Technologies' CEO?
632 employees have rated Lumen Technologies CEO Jeff Storey on Glassdoor.com . Jeff Storey has an approval rating of 57% among Lumen Technologies'...
NYSE: LUMN
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Shares of the telecom company plunged after it projected that adjusted EBITDA and free cash flow will fall dramatically in 2022
Lumen Technologies ( LUMN -1.64% ) shareholders have gotten used to disappointment in recent years. Shares of the telecom company -- formerly known as CenturyLink -- have fallen 75% since the beginning of 2015.
A slightly disappointing quarter
Lumen recorded $4.85 billion of revenue in the fourth quarter: down from $5.13 billion a year earlier and just below the analyst consensus of $4.86 billion. Excluding special items, adjusted EBITDA totaled $2.09 billion for the quarter and $8.44 billion for 2021 as a whole.
Guidance spooks investors
Lumen's guidance was far more concerning for most investors. Management projected that adjusted EBITDA will fall more than 20% to between $6.5 billion and $6.7 billion this year.
The future is brighter than it seems
Lumen's adjusted EBITDA will fall again in 2023 as it absorbs the rest of the hit from its planned asset sales. However, it is well positioned to return to revenue and EBITDA growth thereafter.
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How much of Lumen Technologies stock is owned by insiders?
In the past three months, Lumen Technologies insiders have not sold or bought any company stock. Only 0.60% of the stock of Lumen Technologies is held by insiders. 73.63% of the stock of Lumen Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
What is Lumen Technologies?
Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated services and solutions under CenturyLink name to business and residential customers in the United States and internationally. The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer. It offers IP and data services, including VPN data network, Ethernet, internet protocol (IP), and content delivery services. The company also offers transport and infrastructure services comprising high bandwidth optical networks; unlit optical fiber networks, and related professional and management services; private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; colocation and data center services; and consulting services, which include network management, installation and maintenance of data equipment, and building of proprietary fiber-optic broadband networks for government and business customers. In addition, the company provides voice and collaboration services, including primary rate interface service, local inbound service, switched one-plus, toll free, long distance, and international services; and voice over internet protocol services. Further, it offers IT and managed service that include network, hosting, public and private cloud, and other IT services, as well as intuitive management tools. Additionally, the company is involved in leasing and subleasing of space. As of December 31, 2020, it served approximately 4.5 million broadband subscribers. The company was formerly knowen 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.
When did Lumen Technologies change its name?
The company was formerly knowen 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. Read More.
Is Lumen Technologies a dividend payer?
Lumen Technologies is a leading dividend payer. It pays a dividend yield of 7.40%, putting its dividend yield in the top 25% of dividend-paying stocks. Dividend Growth. Lumen Technologies does not have a long track record of dividend growth.
Who is Lumen selling to?
Lumen to Sell Latin American Business to Stonepeak for $2.7B. Lumen Technologies (NYSE: LUMN) and Stonepeak today announced the signing of a definitive agreement for Lumen to sell its Latin American business to Stonepeak, a leading alternative investment firm, for $2.7 billion.
When will Lumen release results?
Lumen Technologies (NYSE: LUMN) will release its second quarter 2021 results on Aug. 4, 2021. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m. ET.
What is Lumen Technologies?
As the 4th Industrial Revolution continues to accelerate business demand for high-speed broadband and presence in the cloud, Lumen Technologies (NYSE: LUMN) has expanded its fiber network infrastructure in Europe, strengthening its service capabilities in France, Switzerland and Spain.
Who is Lumen's president?
The business will operate as an independent, U.S.-headquartered portfolio company of Stonepeak after the deal closes and will be led by Hector Alonso, Lumen's president for the region.
The telecommunications company reports quarterly results and says it will record a goodwill impairment charge
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Lumen Technologies ( NYSE:LUMN) have gotten crushed today, down as much as 10%, after the company reported fourth-quarter earnings. The results were mixed compared to market expectations, and Lumen also said it would be recognizing a non-cash goodwill impairment charge. As of 12:20 p.m. EST, shares were down 8%.
So what
Revenue in the fourth quarter was $5.13 billion, mostly on target with the $5.12 billion in sales analysts were expecting. That resulted in adjusted earnings per share of $0.48, which beat the consensus estimate of $0.30 per share in adjusted profits.
Now what
Following an annual goodwill impairment analysis, Lumen determined that the fair value of its reporting units was less than the carrying value. The company factored in its weighted average cost of capital, market multiples, and internal forecasts and recorded a $2.6 billion charge.
Morgan Stanley downgraded the telecommunications company after a short squeeze drove the price up
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Lumen Technologies ( NYSE:LUMN) have tanked today, down by 22% as of 1 p.m. EST, after getting a downgrade from Wall Street. The stock has surged in recent days along with many other heavily shorted companies, but Morgan Stanley does not believe the move is justified by fundamentals.
So what
Analyst Simon Flannery lowered his rating on Lumen from equal weight (equivalent to a neutral) to underweight (equivalent to a sell) while maintaining a price target of $12.50. The analyst believes that the rally was "primarily driven by technical factors such as short covering."
Now what
"This move comes despite some potential headwinds from rising corporate taxes, a potential minimum corporate tax rate, fading COVID related demand and lower regulatory support from 2022 onwards," Flannery wrote in a research note to investors.
