Lumen Technologies (LUMN) Stock

We have just released a list of Jim Cramer's Hidden Gems, featuring 10 undervalued stocks you should be aware of. In this article, we will examine how Lumen Technologies, Inc. (NYSE:LUMN) compares to other undervalued stocks highlighted by Jim Cramer. As the year ends, Jim...

According to sources close to the situation, Reuters reports that LUMN has asked Goldman Sachs for help as it plans to sell its consumer fiber division.

Lumen Technologies has started the process of selling its consumer fiber operations. This move is part of the company's plan to move away from its older mass markets business and to lower its significant debt. Sources close to the situation have shared this information.

LUMN and Prometheus Hyperscale are working together to create sustainable AI data centers. Their partnership focuses on improving connectivity, scalability, and using renewable energy sources.

The rise of AI is creating more opportunities for LUMN. However, the company faces challenges due to its heavy debt and competition in the AI market.

Lumen Technologies is undergoing a successful change by emphasizing AI and forming partnerships with major tech companies. Their earnings report for the third quarter sparked a rally in mid-November, showcasing $8 billion in sales from their Private Connectivity Fabric, mainly with large-scale companies. Lumen's estimated fair share price is $9.71, which suggests a potential increase of 39%, fueled by AI advancements and smart resource management, even though Wall Street remains cautious.

DENVER, Nov. 13, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN), a worldwide provider of network solutions, has announced that Chris Stansbury, the company's executive vice president and chief financial officer, will speak at the BofA 2024 Leveraged Finance Conference on December 3, 2024. His presentation is set to start at 10:10 a.m.

Lumen is taking steps to lower its debt, but many investors are still selling off their shares. What could be causing this lack of confidence in the stock?

DENVER, Nov. 12, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) and its fully-owned subsidiary Level 3 Financing, Inc. have started cash tender offers to buy back all of their outstanding notes listed in the table below. These offers are being made by Lumen and Level 3 under specific terms and conditions outlined in an Offer to Purchase, which includes a Notice of Guaranteed Delivery dated November 12, 2024.