Lumen Technologies Inc (LUMN)

[MightyX]

Noice

[Penny chatter]

The rapid advancement of generative artificial intelligence requires at least 10 times more fiber connections within data centers, as well as a robust fiber network to transmit information between these data hubs. With this agreement, Lumen reserves 10% of Corning's global fiber capacity for each of the next two years.

[gail]

here we goooooo!!!!

[gail]

cool, lets gooooo!!!

[jeffree]

"I want to take you Higher...Baby baby baby light my Fire"...


Boom chuckaluka lucka...Boom chucka lucka...


Buy the DIP...???

Why Not...
Shorts are NOT Covering...yet


JMO

[MightyX]

Grabbed some $3.25

[gail]

back in on the dip here.

[ANTADOG]

nasdaq minus 3%, lumn 3,22, fyi ANT

[ANTADOG]

Added some 3,36, nasdaq currently minus 2,7% , think, ANT

[Stock Guy777]

Tomorrow we break 4.20

[Stock Guy777]

Agreement will more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies
CORNING, N.Y. and DENVER, Aug. 1, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced an agreement with Corning Incorporated (NYSE: GLW) for a substantial supply of next-generation optical cable. This fiber-dense cable will more than double Lumen's U.S. intercity fiber miles, offering significant capacity to major cloud data centers racing to stay ahead of AI workloads and high bandwidth applications fueled by massive amounts of data.   

The rapid advancement of generative artificial intelligence requires at least 10 times more fiber connections within data centers, as well as a robust fiber network to transmit information between these data hubs. With this agreement, Lumen reserves 10% of Corning's global fiber capacity for each of the next two years.
The agreement, Lumen's largest cable purchase, will equip Lumen to meet the?network infrastructure needs of major data center operators for years to come, including Microsoft, which announced last week that it's investing with Lumen to support the rising demand on its data centers. ? 
"Lumen is the network that delivers AI. The rise of AI is driving technology companies to quickly secure fiber and bandwidth before their competition," said Kate Johnson, president and CEO, Lumen Technologies. "With Corning's innovative solutions, we are building the backbone of the AI economy. This partnership gives Lumen status as a preferred partner and secures a significant supply of next-generation fiber today and in the future."
Lumen has the largest ultra-low-loss intercity fiber network in North America. Its U.S. intercity network includes diverse routes to more than 50 major cities across the country. Lumen distinguishes its network from others in the industry by continuously upgrading its infrastructure using a multi-conduit system, allowing for the quick deployment of the latest fiber technology. 
"As generative AI increases bandwidth requirements between data centers, we're pleased to reach an agreement with Lumen Technologies to provide our latest optical fiber and cable innovations to facilitate Lumen's build of a new network to interconnect AI-enabled data centers," said Wendell P. Weeks, chairman and CEO, Corning Incorporated. "This marks the first outside-plant deployment of Corning's new gen-AI fiber and cable system, which will enable Lumen to fit anywhere from two-to-four times the amount of fiber into their existing conduit."
To properly power AI with capacity, performance, stability and speed, Lumen is creating a digital platform on top of its physical network allowing cloud-like consumption of network services. Lumen's Private Connectivity Fabric? is a custom network that includes dedicated access to existing fiber in the Lumen network, the installation of new fiber on existing and new routes, and access to Lumen's digital services. 

[ANTADOG]

Promisin' for sure, looks like volume wants over 100 million shares again, should tell us somethin', ANT

[MightyX]

“More than doubles” is familiar lingo for LUMN

[MightyX]

“…more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies.”

[glenn1919]

LUMN...............................https://stockcharts.com/h-sc/ui?s=LUMN&p=W&b=5&g=0&id=p86431144783

[TrendTrade2016]

4.20 TOP FOR NOW...PULL IT BACK INTO EARNINGS CALL

[ANTADOG]

News: Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands,
fyi ANT

[ANTADOG]

Shorts tryin' everythin' to prevent the real start of a squeeze imho ANT

[ANTADOG]

Volume is a great indicator here, it's a good fight right now, 5 bucks is in the cards, imvho ANT

[TrendTrade2016]

5 BUCKS HERE WE GO

[MightyX]

If it were, wouldn’t it be iA?

[MightyX]

What is is..Ai is?

[Stock Guy777]

As of the first quarter of 2024, Lumen Technologies reported a revenue of $3.29 billion. For the trailing twelve months, the company's revenue was approximately $14.11 billion, showing a decline of about 14.7% year-over-year. In 2023, the total annual revenue was $14.56 billion, down from $17.48 billion in 2022 [oai_citation:1,Lumen Technologies reports first quarter 2024 results - Apr 30, 2024](https://news.lumen.com/2024-04-30-Lumen-Technologies-reports-first-quarter-2024-results) [oai_citation:2,Lumen Technologies Revenue 2014-2024 - Stock Analysis](https://stockanalysis.com/stocks/lumn/revenue/) [oai_citation:3,
LUMN Stock Earnings: Lumen Technologies Misses Revenue for Q1 2024 | InvestorPlace ](https://investorplace.com/earning-results/2024/04/lumn-stock-earnings-lumen-technologies-for-q1-of-2024/).

[ANTADOG]

we got 4 bucks, ANT

[Stock Guy777]

I don’t think it will be for long!! a lot of short interest was here and holding this down.

[TrendTrade2016]

GAP TO FILL AT 5 BUCKS

[Stock Guy777]

Blackstone Inc. (NYSE: BX), is betting on the AI surge to continue, predicting double that of Goldman Sachs, by including another $1 trillion in capital expenditures outside of the United States. Behind the scenes are several developers facilitating this push, providing new AI infrastructure solutions to tech giants and clients, including from Avant Technologies Inc. (OTCQB: AVAI), Vertiv Holdings Co (NYSE: VRT), Microsoft Corporation (NASDAQ: MSFT), and Lumen Technologies, Inc. (NYSE: LUMN).


Recently, tech giant Microsoft Corporation (NASDAQ: MSFT) launched a partnership with telecommunications specialists Lumen Technologies, Inc. (NYSE: LUMN). The partnership will incorporate the Microsoft Cloud to further drive Lumen's digital transformation, while Microsoft has also tapped Lumen to expand its network capacity and capability to meet the growing demand on its datacenters due to AI.

"Microsoft has an ambitious vision for AI and this level of innovation requires a network that can make it reality," said Kate Johnson, president and CEO, Lumen Technologies. "Lumen's expansive network meets this challenge, with unique routes, unmatched coverage, and a digital platform built to give companies the flexibility, access and security they need to create an AI-enabled world."

Prior to this collaboration, Microsoft and Lumen Technologies had already built a longstanding relationship. Both companies have worked together for several years, with Lumen leveraging Copilot to automate routine tasks and reduce employee workloads and enhance Microsoft Teams.

By adopting Microsoft's cloud and AI technology, Lumen can lower its technology costs, eliminate legacy systems and silos, enhance its offerings, and develop new solutions for its global customers.

Lumen will migrate and modernize its workloads to Microsoft Azure, utilize Microsoft Entra solutions to secure access and prevent identity attacks, and collaborate with Microsoft to develop new telecom industry-specific solutions. This initiative alone is expected to boost Lumen's cash flow by over $20 million in the next 12 months while enhancing the company's customer experience.

"Lumen has the network infrastructure and the digital capabilities needed to help support Azure's mission in creating a reliable and scalable platform that supports the breadth of customer workloads—from general purpose and mission-critical, to cloud-native, high-performance computing, and AI, plus what's on the horizon," said Erin Chapple, corporate vice president of Azure Core Product and Design, Microsoft. "Our work with Lumen is emblematic of our investments in our own cloud infrastructure, which delivers for today and for the long term to empower every person and every organization on the planet to achieve more."

Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/

[Dantheoneman]

Is the Revenue here really over 15 Billion? WTF Why is this trading Single Digits?

[MightyX]

New 52 week highs every 15 min? Monster volume

[Stock Guy777]

And a lot of more great business deals to come for LUMN I’m sure!

[MightyX]

Let’s see $5+ lots of eyes coming

[Stock Guy777]

LET GO LUMN! Like a baby bird leaving the nest Fly baby fly!!

[ANTADOG]

3,66~~ train style, ANT

[ANTADOG]

3,48~~ ANT

[ANTADOG]

took 5k profit in like 2 days, not too bad, i'll let the other half ride, so ride bb, ride, ANT

[jeffree]

the Current...is flowing...

Currently, only about 200,000 contracts of CALL Options that are In The Money...That represents only 20,000,000 shares..but add it all up...
Institutional, Insiders and individual investors' holdings..then the ~139,000,000 shares still short...I did a quick check with discussions on WallStreetBets and only a Few even know about/have interest in Lumen...I PREFER to keep it that way...for now...


This is, IMO, just the beginning of something BIG....but as always..."Let's be careful out there"...haha


GL

[jeffree]

a short History of Shorting "the Biggest Lumen"....goes back years, actually, but....

a Big Push was This year...and may have caused one of the biggest Squeezes to be a possibility...or a likelihood?
Some big boys were/still are on the short side...and they often started out using Options as an initial play...A huge number of PUT Contracts showed up at the January and June expirations...Shorting the equity shares down assured a Lot of these contracts were In the Money...profitable...for a while...
The Big Push to force the Share price below $1 recently...as a short strategy to make a reverse Split likely...seems to have backfired...A ton of PUT contracts exercised into shares sold after June 21...and some more July 19... may have Temporarily induced an Overconfidence if the shorts' minds...They found it so easy to manipulate the stock price on most days...ya know, Big Money gets their way...???
I think that's Over now...Look at all the CALL option contracts that are In The Money NOW...That's a Big Problem...because those, for the most part are NOT covered calls...and you know...when They exrercise...in the future...Look at Open Interest...August and January...and other expirations...WoW!
This is just Me observing and deducing probable scenarios...with a little help from available sources-
Look at some of the "bad boys"- https://fintel.io/sosh/us/lumn

Pay Attention, boys and girls...This Could be huge...

JMO

(make up your own strategies)

[jeffree]

"Up Up and Awaaaaaaaaay...in my Beautiful Ba-LUMEN"....

-Ex-Squeeze me, but Did I Say this ascent was Over Yet...???!


Minimal short-covering so far...although a pretty good amount of Call Option Contracts have been purchased....maybe by shorts...and maybe some by longs...We will just have to wait and see in the next 2 SI reports....Until then...the path looks to headed to the clouds...and Maybe later..to the moon...



Watching and Waiting-


GL

[glenn1919]

LUMN..............................................https://stockcharts.com/h-sc/ui?s=LUMN&p=W&b=5&g=0&id=p86431144783

[ANTADOG]

3 bucks back, nice, ANT

[ANTADOG]

Lookin' for 3's imo, ANT

[ANTADOG]

decent vol today, my first buy lookin' good, ANT

[jeffree]

..."other than THAT"....

The scare-mongerers (aka Jackals)...on the Yahoo Finance board...well..they are back, but just a little...

Bringing up that Earnings report will be awful...a Reverse Split is coming (they've used that one for many months)...no Future earnings...Management sucks...and whatever else negative they can imagine...
Yet they don't say that the Shorts really have Not covered yet...and new money is showing up...(look at the volume)...

Now...IF there is a HORRIBLE Earnings report next week...and NO Positives at all in the CC...and some unexpected Horrible News out of the blue...then there would be a reason to see a pullback...


OTHER THAN THAT...I see no Reason for the Squeeze to stop...It is just getting Warmed up, IMO...In fact it could accelerate...with over 200,000,000 shares trading volumes daily...or more

and at This point, I have No Fear of a reverse Split...as getting the shareprice over the price threshold, would allow Huge inflows from Institutions that have been on "standby"...a 10-1 or even a 5-1 is OK by Me...


These are all just MY opinions and Observations...Y'al do as your decisions/strategies tell ya too...I am just a small fish in this ocean of sharks and whales...🤑

[Stock Guy777]

Yes, that’s why the deal with Corning also!

Bring on the squeeze !

[jeffree]

Read This...then read again...between the lines...It IS Relevant...


https://www.wsj.com/business/telecom/t-mobile-fiber-optic-internet-connection-380957ef

Now, doesn't LUMN already Have what T-Mobile wants...???.....

yep


I will Keep a SELL ORDER good-til-cancelled for $19 on LUMN....I MAY Have To adjust that number...one way or the other......lol...(disclosure...I also trade Options on LUMN)

GL...."Let Us Squeeze"...!!!

[jeffree]

"Bring me a higher love...

Bring me a higher love...
I could rise above
on a higher love"...


Still about 60% of sells are Short...so looks like no Significant Covering...yet

Off-Exchange Short Volume 50,627,798 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 59.44 % - source: FINRA (inc. Dark Pool volume)

Rise...!!!

[Stock Guy777]

Hey Jeff, it seems like everyone’s joining our party now!

[jeffree]

Thanks..but maybe try THIS ONE...??


https://finance.yahoo.com/quote/LUMN/chart/#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

[gail]

fins due. out on aug 6, maybe thats why this is inching up daily.

[gail]

its going back up nicely now!