Lumen Technologies' stock was trading at $10.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LUMN stock has increased by 11.9% and is now trading at $11.59. View which stocks have been most impacted by COVID-19.
Full Answer
What is the upside for Lumen Technologies (Lumn) stock?
Apr 03, 2022 · Their forecasts range from $8.00 to $13.00. On average, they anticipate Lumen Technologies' share price to reach $10.67 in the next twelve months. This suggests that the stock has a possible downside of 8.0%. View analysts' price targets for Lumen Technologies or view top-rated stocks among Wall Street analysts.
Why did an analyst lower lumen stock's price target?
Nov 04, 2021 · Shares of Lumen Technologies ( LUMN 0.17% ) were soaring Thursday, up as much as 16.9% before settling into a low-teens gain, following the release of third-quarter earnings after hours on ...
What is Lumen Technologies'(Lumn) price targets for next year?
Apr 22, 2022 · Lumen Technologies Inc. Common Stock's (NYSE: LUMN) short percent of float has fallen 10.69% since its last report. The company recently reported that it has 102.12 million shares sold short ...
Who owns Lumen Technologies?
Apr 07, 2022 · The Lumen Technologies Inc. stock price gained 1.67% on the last trading day (Tuesday, 19th Apr 2022), rising from $11.35 to $11.54. During the day the stock fluctuated 2.39% from a day low at $11.31 to a day high of $11.58. The price has been going up and down for this period, and there has been a 0.09% gain for the last 2 weeks.
Is Lumin a good stock to buy?
Valuation metrics show that Lumen Technologies, Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of LUMN, demonstrate its potential to outperform the market.
Is lumen stock undervalued?
Relative to the current share price of US$11.1, the company appears a touch undervalued at a 26% discount to where the stock price trades currently.Mar 21, 2022
Is LUMN a good long-term investment?
Currently, Lumen Technologies Inc. has an impressive value score among analysts as they're mostly in agreement LUMN stock serves as a good, solid choice for value investors looking for a long-term investment. So far, this makes LUMN stock a good value when looking upon it from different angles.
Is Lumen a good dividend stock?
Based on earnings, Lumen Technologies distributes 52.4% to its shareholders Our metric indicating of the reliability of the dividend is 0.29 out of max. 1.0. This indicates a rather unreliable dividend payer in the past. Find the best quality stocks from around the world for your investments in our screener.
Why is lumen stock so low?
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.Feb 12, 2022
Why did lumen stock drop today?
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 it's dragging the stock below the $12.65 pricing of the block sale.Jan 13, 2022
Does Lumen Technologies pay a dividend?
How much is LUMEN TECHNOLOGIES's dividend? LUMN pays a dividend of $1.00 per share. LUMN's annual dividend yield is 8.63%. LUMEN TECHNOLOGIES's dividend is higher than the US industry average of 4.61%, and it is higher than the US market average of 3.29%.
Who manufactures Lumen?
CenturyLink, Inc. Lumen Technologies, Inc. (formerly CenturyLink) is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services. The company is a member of the S&P 500 index and the Fortune 500.
Why does lumen pay such a high dividend?
Even though Lumen Technologies isn't generating a profit, it is generating healthy free cash flows that easily cover the dividend. We generally think that cash flow is more important than accounting measures of profit, so we are fairly comfortable with the dividend at this level.Nov 23, 2021
Is Lumen Technologies CenturyLink?
CenturyLink, with its strong heritage, is part of Lumen Technologies. It remains a trusted brand for residential and small business customers over traditional and fiber networks.
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'...
What happened
Shares of Lumen Technologies ( LUMN 3.70% ) were soaring Thursday, up as much as 16.9% before settling into a low-teens gain, following the release of third-quarter earnings after hours on Wednesday.
So what
In the third quarter, Lumen actually posted a 5.4% revenue decline, missing expectations, but its adjusted earnings per share of $0.49 beat expectations by a lot, as the company was able to manage costs and generate strong free cash flow.
NYSE: LUMN
More surprising was that the company bought back stock for the first time in recent memory. Actually, it bought a lot of stock: about $1 billion, or nearly all of its quarterly free cash flow. Due to the company's low valuation, that was good enough to reduce shares outstanding by about 7%.
Now what
Buybacks, investing for growth, and maintaining the dividend are all big positives, but will take lots of cash. Meanwhile, Lumen is still heavily indebted, with about $30 billion in debt.
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How much is Lumen Technologies stock worth in 2021?
Lumen Technologies Inc. stock price ended on $12.92 on Monday after gaining 2.3% (Updated on July 26, 2021) The Lumen Technologies Inc. stock price gained 2.30% on the last trading day (Monday, 26th Jul 2021), rising from $12.63 to $12.92.
Is Lumen Technologies stock a buy or sell signal?
Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lumen Technologies Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is ...
How much was capex spending in Q3?
For Q3, capex spending was actually up $31 million from last year to nearly $1 billion. As all these costs cuts roll into positive cash flows despite a difficult 2020 business climate, the company is able to lower the EV from repaying debt. As of the end of September, net debt is down to $32.1 billion. Data by YCharts.
Is AT&T fiber or fiber?
And: AT&T is #1 in fiber market share, Verizon is #2 and Lumen is #3. Those three represent ~70% of the market. Don’t forget that internal documents that show that T-Mobile executives saw a merger with Sprint as the only way for T-Mobile to end the price-cutting and become as profitable as Verizon and AT&T.
Has CenturyLink cut dividends?
The company has lowered the annual cash interest expenses by ~$500 million from the levels where the dividend was cut back at the start of 2019. In fact, the old CenturyLink may have never cut the dividend from a $2.16 annual payout, if not for the fear of higher interest rates.
Does Lumen Technologies have cash flow?
As Lumen Technologies generates positive cash flows each quarter, the company continues to repay a substantial amount of debt on a quarterly basis. As the company lowers debt, the cash interest expenses decline. Management continues to cut the projections for cash interest expenses with the target now approaching $1.6 billion.
Who is Stone Fox Capital Advisors?
Stone Fox Capital Advisors, LLC is a registered investment advisor founded in 2010. Mark Holder graduated from the University of Tulsa with a double major in accounting & finance. Mark has his Series 65 and is also a CPA.
A Closer Look at LUMN Stock
Will you see the glass as half-empty, or as half-full? The doubters and naysayers will likely say that LUMN stock is “breaking down” as it has fallen below the long-standing $11 support level. That is the glass-half-empty perspective. With the share price around $9.60 today, it is undeniable that the trend is to the downside.
The Wrong Reaction
So, what caused the recent precipitous drop in LUMN stock? The culprit was Lumen’s fourth-quarter (Q4) and full-year 2021 fiscal results. Or more accurately, it was the market’s reaction to those results. Were the data points really that bad, though?
Contract Worth a Cool Billion
In case you’re still skeptical of Lumen’s value proposition, I’ve got a billion reasons to invest in the company, courtesy of the U.S. government. Specifically, the U.S. Department of Agriculture (USDA) has awarded Lumen a task order valued at more than $1.2 billion.
The Bottom Line on LUMN Stock
The sellers had their reasons for dumping LUMN stock, no doubt. In hindsight, however, they may have overreacted to Lumen’s financial results.
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.
