Lumen Technologies (NYSE:LUMN) CEO Acquires 100,000 Shares

Key Points

• CEO Kathleen Johnson bought 100,000 Lumen shares at an average price of $6.13, investing $613,000 and becoming the owner of 100,000 shares.
• Lumen’s latest quarterly results beat expectations, with an adjusted loss of $0.07 per share versus the forecasted $0.13 loss and revenue of $2.81 billion versus estimates of $2.74 billion. However, revenue declined 9.3% year over year.
• Analyst sentiment remains cautious: nine analysts rate the stock Hold and one rates it Sell, producing an average “Reduce” rating and an $8.11 price target, while Lumen shares recently traded near $5.89.

Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) CEO Kathleen Johnson purchased 100,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the purchase, the chief executive officer owned 100,000 shares in the company, valued at $613,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lumen Technologies Stock Performance

Lumen Technologies stock traded down $0.18 during mid-day trading on Thursday, reaching $5.89. The stock had a trading volume of 17,159,391 shares, compared to its average volume of 13,683,681. The firm has a market capitalization of $6.07 billion, a PE ratio of -5.78 and a beta of 1.78. Lumen Technologies, Inc. has a fifty-two week low of $3.63 and a fifty-two week high of $11.95. The stock's 50-day simple moving average is $7.60 and its 200-day simple moving average is $7.86.

Lumen Technologies (NYSE:LUMN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company earned ($0.03) earnings per share. Lumen Technologies's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, research analysts forecast that Lumen Technologies, Inc. will post -0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Lumen Technologies from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of Lumen Technologies from $9.00 to $7.50 and set an "equal weight" rating on the stock in a report on Wednesday. TD Cowen raised their price target on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lumen Technologies in a report on Friday, July 17th. Finally, Zacks Research downgraded Lumen Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lumen Technologies currently has an average rating of "Reduce" and an average target price of $8.11.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LUMN. Kemnay Advisory Services Inc. bought a new stake in Lumen Technologies in the 4th quarter worth about $25,000. Ascentis Independent Advisors purchased a new position in shares of Lumen Technologies in the 1st quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of Lumen Technologies in the 4th quarter worth approximately $30,000. Versant Capital Management Inc grew its holdings in shares of Lumen Technologies by 90.3% in the second quarter. Versant Capital Management Inc now owns 3,920 shares of the technology company's stock valued at $30,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Trust Asset Management LLC purchased a new stake in shares of Lumen Technologies during the second quarter valued at approximately $34,000. 66.19% of the stock is owned by institutional investors.

More Lumen Technologies News

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

• Positive Sentiment: Lumen reported a second-quarter adjusted loss of $0.07 per share, better than analyst expectations, while revenue of approximately $2.81 billion also exceeded estimates. Free cash flow turned positive, and management maintained its full-year outlook, including expected free cash flow of $1.9 billion to $2.1 billion. Lumen Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Strategic business revenue increased about 14%, reaching more than half of business revenue, as Lumen benefits from rising demand for networking-as-a-service, cloud connectivity and AI-related infrastructure. The Alkira acquisition is supporting its multi-cloud and digital-networking strategy. Lumen Q2 Earnings Call Highlights Digital Revenue Shift
• Positive Sentiment: Lumen is expanding its multi-cloud strategy through a partnership with Amdocs. Amdocs’ agentic operating system will help modernize Lumen’s enterprise service orchestration and order-management platform on AWS, potentially accelerating product delivery and operational efficiency. Lumen Extends Multi-Cloud Strategy with Amdocs
• Neutral Sentiment: Lumen appointed technology and operations veteran John M. Hinshaw to its board. His experience at HSBC, Hewlett-Packard, Boeing and Verizon Wireless adds operational expertise, but the appointment has limited immediate financial impact. Lumen Appoints John M. Hinshaw to Its Board
• Negative Sentiment: Overall revenue fell 9.3% year over year, and EBITDA remains pressured by the ongoing wind-down of legacy services. Investors may want stronger evidence that growth in strategic digital revenue can offset the shrinking traditional business. Lumen Q2 Earnings Call Highlights
• Negative Sentiment: Goldman Sachs lowered its Lumen price target from $8.50 to $7.25, while Wells Fargo cut its target from $9.00 to $7.50. Both firms retained neutral or equal-weight ratings, signaling caution about the pace of the turnaround. Analyst Price Target Changes

About Lumen Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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