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LUMN / Lumen Investor Day Presentation Details Financial Turnaround Plans

Lumen Investor Day Presentation Details Financial Turnaround Plans
Lumen Technology has presented a turnaround plan, aiming to invest in growing markets and reduce costs through technology updates and process automation. LUMN expects revenue and earnings headwinds until the end of 2024, with growth starting in 2025 and continuing through 2027. Lumen plans to invest almost all its revenue growth into capital expenditures and expects free cash flow to grow to $300 to $500 million by 2027. Read More
Posted: Jun 8 2023, 21:05
Author Name: Seeking Alpha
Views: 110843

LUMN News  

Lumen CEO buys nearly $1 million in stock after historic selloff

By Market Watch
November 3, 2023

Lumen CEO buys nearly $1 million in stock after historic selloff

Lumen Technologies Inc. shares sold off sharply in the wake of earnings, but the telecommunication company's chief executive has been buying. more_horizontal

Lumen's stock extends sharp declines toward lowest level in 42 years

By Market Watch
November 2, 2023

Lumen's stock extends sharp declines toward lowest level in 42 years

Shares of Lumen Technologies Inc. LUMN, -12.63% were furthering their sharp declines Thursday despite an upbeat day for the S&P 500 SPX, +1.54%. Lumen more_horizontal

Lumen Layoffs 2023: What to Know About the Latest LUMN Job Cuts

By InvestorPlace
November 1, 2023

Lumen Layoffs 2023: What to Know About the Latest LUMN Job Cuts

In another sign that the economy may not be firing on all cylinders, telecom company Lumen Technologies (NYSE: LUMN ) just announced an effort to rest more_horizontal

Why Lumen Technologies Stock Is Crashing Today

By The Motley Fool
November 1, 2023

Why Lumen Technologies Stock Is Crashing Today

Lumen's Q3 report arrived with a big earnings miss. The company also announced a major restructuring deal with a group of its creditors. more_horizontal

Compared to Estimates, Lumen (LUMN) Q3 Earnings: A Look at Key Metrics

By Zacks Investment Research
October 31, 2023

Compared to Estimates, Lumen (LUMN) Q3 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Lumen (LUMN) give a sense of how the business performed in the quarter ended September 2023, it could be wo more_horizontal

Lumen Technologies, Inc. (LUMN) Q3 2023 Earnings Call Transcript

By Seeking Alpha
October 31, 2023

Lumen Technologies, Inc. (LUMN) Q3 2023 Earnings Call Transcript

Lumen Technologies, Inc. (NYSE:LUMN ) Q3 2023 Earnings Conference Call October 31, 2023 5:00 PM ET Company Participants Mike McCormack - Senior Vice P more_horizontal

Lumen Technologies tops third-quarter revenue estimates on strong demand

By Reuters
October 31, 2023

Lumen Technologies tops third-quarter revenue estimates on strong demand

Telecommunications services firm Lumen Technologies beat Wall Street estimates for third-quarter revenue on Tuesday, helped by strong demand for its s more_horizontal

Factors to Note Ahead of Lumen's (LUMN) Q3 Earnings Release

By Zacks Investment Research
October 27, 2023

Factors to Note Ahead of Lumen's (LUMN) Q3 Earnings Release

Lumen's (LUMN) Q3 performance is likely to have been hurt by a time-consuming digital transformation process. Continued investments in Quantum Fiber a more_horizontal


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