#Lumn stock news free

Lumen Technologies sold its ILEC business to Brightspeed for $7.5 billion in 2022, and its Latin American operations to StonePeak for $2.7 billion.

#Lumn stock news free

This implies that Lumen Technologies does not have a lot of pricing power and that customers have an opportunity to switch to other providers in their region.ġst Quarter Earnings (Lumen Technologies Inc) Asset Sales Affecting Lumen Technologies' Starting To Affect Free Cash Flow However, what I think works slightly against Lumen Technologies is that the segment's average revenue per user is essentially flat-lining at around 460 per user. The company also stated that it plans to increase its total fiber-enabled units from 3.3 million as of 1Q-23 to 7.4 million by 2027, reflecting total growth of 124%.

Lumen Technologies added approximately 100K accounts in the last four quarters, so clearly the broadband segment is seeing decent growth. In addition, Lumen Technologies reported a net add rate of 24K subscribers in each of the previous four quarters. This surge in customer acquisition continued in the first quarter, when the broadband segment reported a total customer count of 856K, including an additional 24K subscribers. One key element of my bullish thesis about the broadband company was that Lumen Technologies built out its broadband fiber network with which it had quite some success, welcoming a steady stream of subscribers. With more rate hikes on the way, the company may continue to suffer and the stock may hit new lows. Though Lumen Technologies has a cutting-edge fiber network with good coverage that attracts subscribers, monetization has also stalled, and the company has seen a substantial decline in its free cash flow, a result of last year's divestitures. ( NYSE: LUMN) in the first quarter, I am now taking a more neutral stance on the broadband company because I believe the Fed will continue to raise interest rates, which will have a negative impact on Lumen Technologies' balance sheet. NASDAQ does not use this value to determine compliance with the listing requirements.After doubling down on Lumen Technologies, Inc. 'Market Cap' is derived from the last sale price for the displayed class of listed securities and the total number of shares outstanding for both listed and unlisted securities (as applicable). It does not include securities convertible into the common equity securities. Market Cap (Capitalization) is a measure of the estimated value of the common equity securities of the company or their equivalent. Register for your free account today at. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs.

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