Lumen Technologies, Inc. (LUMN)

Over the past six months, Lumen Technologies' stock price has experienced significant fluctuations. The stock surged by 80.35%, but an analysis suggested it was slightly overvalued as of January 9, 2026. In October 2025, Lumen announced $1 billion in new Private Connectivity Fabric deals and launched its Internet On-Demand (IoD) offnet innovation, expanding the IoD service to over 10 million new business locations. Lumen announced its Q3 2025 earnings, reporting a diluted loss per share of $(0.20) and revenue of $3.09 billion, exceeding estimates. Citigroup cut Lumen Technologies from a "buy" rating to a "neutral" rating, while Wall Street Zen upgraded it from a "sell" to a "hold" rating. Royal Bank of Canada boosted its price objective on Lumen Technologies from $4.25 to $8.00. Lumen Technologies completed an upsized offering of $650 million in Senior Notes due 2036, and Zacks Research upgraded Lumen Technologies from a "hold" rating to a "strong-buy" rating.

Lumen Technologies' Internet On-Demand service experiences seasonal demand, suggesting fluctuations in the need for high-performance connectivity based on business cycles, holiday seasons, or other events affecting data traffic. The ability to scale connectivity up or down helps businesses address these seasonal demands.

Lumen Technologies, Inc., based in Monroe, Louisiana, is a telecommunications company providing network, cloud, security, voice, and managed services to enterprises, government agencies, and residential customers. Its services are divided into Business and Mass Markets segments, offering network solutions like SD-WAN and cloud services such as big data as a service. The Mass Markets segment focuses on providing connectivity and related services to consumers and small businesses.

Lumen Technologies has a global presence with network operations in North America, EMEA, Latin America, and Asia Pacific. The company's headquarters are in Monroe, Louisiana, U.S. It provides global sales, customer support, managed services, cloud connectivity, and security solutions to multinational enterprises and government entities across these regions.

Lumen Technologies is transforming from a telecommunications provider to a technology platform focused on enterprise fiber, AI-driven connectivity, and platform services. Lumen is positioning itself as a backbone for the AI economy, with Microsoft choosing Lumen to enhance its network capacity. The company expanded its Internet On-Demand service and scaled its Network-as-a-Service (NaaS) platform. While Lumen reported strong Q3 2025 results, it faces ongoing financial challenges and has undertaken debt refinancing efforts. The consensus rating from analysts is "Hold."

Lumen Technologies is primarily owned by institutional shareholders (66.32%), with 15.00% owned by Lumen Technologies insiders and 18.68% by retail investors. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Geode Capital Management, LLC, Charles Schwab Investment Management Inc, and Dimensional Fund Advisors LP. Temasek Holdings Private Ltd is the largest individual shareholder, owning 10.45% of the company.