Lumen Technologies Inc (LUMN)

[jeffree]

maybe a WoW...??? if a restructuring of debt comes out of this...???..."leveraged financing".....I am curious...


Lumen Technologies to Present at the Deutsche Bank 31st Annual Leveraged Finance Conference
September 26 2023 - 09:00AM
PR Newswire (US)
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DENVER, Sept. 26, 2023 /PRNewswire/ -- Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will present at the Deutsche Bank 31st Annual Leveraged Finance Conference on October 3. The presentation is scheduled to begin at 4:35 p.m. ET.

[philg]

Looks like the selling stopped finally late in the day, hope that lasts.

[philg]

Quite a drop in the last few days. I'd like to think that with all those institutional investors they'd rather not reverse split at the moment, however maybe there's a rumor of just that going around.

[jeffree]

hmmm...Looks like the shorts have been really Pushing Hard...

Today about 70% of all sells were short sales...(from FNRA Daily Short report)...


One of these days, Alice...
Maybe tomorrow...???

70% Institutional ownership
Over 14% Short interest

so now what % is owned by "others"...???


IF/When this becomes naked shorted...and the Meme boys catch on...look out...
I am ready for some volatility..


jmo

[cuggegrosse]

More & more people are joining the LAWSUIT,$1.00 should be here in no time !!!!!

[cuggegrosse]

Shorts are usually the ones that make money !!!!

[jeffree]

Watching the Volume...on "The Biggest Lumen"...(nickname)


a Heavily shorted stock like this...supplies the opportunity for big moves...


Could become a favorite for traders...


and iF the Wallstreet bets kids get ahold of this one.........hmmm


be ready...

[abrooklyn]

Lumen shakes up telecom industry with Network-as-a-Service offering

Source: PR Newswire (US)
Customers dream of fast, flexible networking; Lumen now delivers in minutes

DENVER, July 31, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) launched its flagship capability on its Network-as-a-Service (NaaS) platform today. It's the first important step toward the company's bold vision to disrupt the telecom industry. By offering customers radical flexibility in how they buy, use, and manage networking services, Lumen is cloudifying traditional telecom.

"We have been preparing for this moment for a long time, building a world-class telecom network with state-of-the-art fiber, broad coverage and unsurpassed route diversity and scalability," said Kate Johnson, Lumen CEO. "Lumen's Network-as-a-Service offering takes the next step to deliver on our customers' networking dreams: the ability to fire up any port, with any service, at any time. It's your network, your way."

The Lumen NaaS Vision

Lumen® Internet On-Demand is the first and flagship service added to the Lumen NaaS platform, starting with limited availability. Over time, Lumen NaaS will expand to include security services, such as DDoS (Distributed Denial of Service), SASE (Secure Access Service Edge), and Edge services. The platform's fully digital, consumption-based model will set a new standard for customer experience and expectations.

"Lumen is putting the customer at the center of our Network-as-a-Service platform, creating a cloud-like experience for buying, consuming, and managing our network services," said Andrew Dugan, Lumen CTO. "Businesses are looking for a dynamic, dedicated internet connection, but they want it from a reliable and flexible network. Unlike some Network-as-a-Service players, Lumen can deliver on this promise because we own and manage our network."

Delivering on the Customer Dream

"Lumen plays an important role in helping content providers move video content to AWS," said Evan Statton, Sr. Principal Architect in M&E at AWS. For example, Fox Sports was able to bring its live sports content to AWS by using an on-demand connection aligned with Lumen's Network-as-a-Service platform. We look forward to continued work with Lumen to help AWS customers achieve their live cloud production goals."

Customers win big with Lumen's NaaS experience. They will use a digital portal or APIs (Application Program Interface) to order Lumen Internet On-Demand and future services for instant internet connections to public data centers and port-enabled business locations. They can quickly assign an existing port at a new enterprise building, connecting them to Lumen's network. Once established, the digital experience begins, including:

A dedicated connection to one of the largest, most connected and secure networks in the world
Ability to scale capacity in minutes
Internet speeds from 100 Mbps to 10 Gbps
A consumption-based billing model; pay only for the time services are active, starting at hourly rates
Real-time visibility into service performance and network usage
Quick enablement of new capabilities
"Lumen has taken a pragmatic approach when it comes to understanding the evolving needs of the Network-as-a-Service market, in terms of matching user experience with capabilities offered," said Rohit Mehra, group vice president, Network and Telecommunications, IDC. "Using its high-capacity, global backbone network, Lumen Internet On-Demand delivers flexible network services for a customer-first approach. Lumen's commitment to providing an effortless operational experience holds promise for enterprises in terms of consuming, managing and upgrading their networks.

Aligning with Key Partners

Lumen NaaS will leverage a broad digital ecosystem of partners – including data center, cloud, technology, and managed service providers - to maximize impact and reach. Digital Realty is one of the first third-party data center providers to join the Lumen Network-as-a-Service Alliance Partner program. Joint customers can provision on-demand services using a digital portal or API in real-time and increase or decrease bandwidth as needed.

"We're delighted to be partnering with Lumen to redefine the enterprise digital transformation landscape," said Chris Sharp, CTO, Digital Realty. "Lumen's cutting-edge Network-as-a-Service solution combined with our global network of highly connected facilities and orchestration platform ServiceFabric™, empowers enterprises with on-demand, personalized experiences, revolutionizing the way networks are consumed and managed. This highlights our shared vision, as we unite to meet the evolving needs of our customers."

Lumen's new on-demand services will be updated and shared throughout the year. More information on Lumen Internet On-Demand can be found at https://www.lumen.com/en-us/networking/internet-on-demand.html.

About Lumen Technologies:
Lumen connects the world. We are dedicated to furthering human progress through technology by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.

This release may include forward-looking statements (as defined by the federal securities laws), which are subject to the "safe harbor" protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements. Factors that could affect actual results include, but are not limited to, each of the matters and risks referenced from time to time in our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, which speak only as of the date made.

Lumen is creating a cloud-like experience for buying, consuming, and managing network services

Lumen Logo (PRNewsfoto/Lumen Technologies)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-shakes-up-telecom-industry-with-network-as-a-service-offering-301888910.html

SOURCE Lumen Technologies


Copyright 2023 PR Newswire

[Stock Guy777]

Nah

[1984ISHERE]

Maybe under 1.00 first LEAD

https://www.wsj.com/articles/lead-cables-will-be-a-dead-weight-for-telecom-carriers-1acd855

[1984ISHERE]

This might have issues <> <> LEAD

[KingOfSwing...Trading]

You can have my shares at $4!

[jeffree]

Make it "interesting"...???

2.0 Call 0.15 0.20 0.15 -0.01 0 16,782 Open interest (this week so far)

[Stock Guy777]

My time line; 4 in short order, 6-8 by years end and 12-14 in the calendar year.

[Stock Guy777]

And take a look at the shares acquired by insiders, especially the CEO

[Stock Guy777]

I’m looking for $4 in relatively short order! Will I sell at $4, no. I believe this has way more in the tank for that. And we need to find out a little bit more about this recent news and what type of revenue it will bring in , But anything in collaboration with Microsoft and Google, ain’t chump news.

[Stock Guy777]

No it’s not! And those shorts are going to help propel us higher

[jeffree]

WoW...!!!...Looking at the Options...


What WAS...has Reversed to What Shall Be...???


A lot of PUT options recently exercised over the past expiries...particularly at the $2 strike...

That results in an Increase in short positions...
and now...

A LOT of Open Interest in the $2 calls...are In The Money...suddenly...

Not a good time to be SHORT..IMO


watching closely

[jeffree]

Well...maybe let's give it some time...


and see where the price is in about 18 months...???


Buy cheap enuf...and have patience...???


ok

[jeffree]

From Yahoo Finance-

Short % of Float (5/31/2023) 4 14.38%

[Stock Guy777]

Up we go!!

[Stock Guy777]

And up we go!!!!

[Stock Guy777]

Got nowhere to go from here but up!

[Stock Guy777]

Anything Microsoft related, I am in. If Microsoft sees value to collaborate with, then there has definitely got to be value. Especially at this price! And not only Microsoft, but Google also.

[jeffree]

% Held by Institutions72.49
Short Interest (% of float 05/31/23) 52.16


(from TD Ameritrade...may need validation)

[jeffree]

Will the WallstreetBets crowd even Notice...???

Recent data shows Short Interest of 52.16% of float...while Institutional ownership is 72.49% of float...

Ya think there may just be an Overshorted situation here...???


I have a small position...just recently bought shares at $1.81


Iam Not a Wallstreet Bets member...but I think they Might be interested...


haha


JMO

[Stock Guy777]

Service providers, content providers and enterprises can now quickly and dynamically route network traffic between data centers

DENVER, June 12, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced a new network interconnection ecosystem called ExaSwitch™, created in collaboration with Google and Microsoft. This platform empowers organizations with high bandwidth needs to route their traffic dynamically and quickly between networks, and without third-party intervention.

"The days of slow, legacy cross connects are over; ExaSwitch is the future of network interconnections."
"The days of slow, legacy cross connects are over; ExaSwitch is the future of network interconnections," said Andrew Dugan, Chief Technology Officer, Lumen. "Large network backbones no longer need a physical location to connect. Instead, optical switching will be used to establish high-capacity optical links between metro sites. And it's so much more than just internet peering; it's an on-demand network connection for quickly deploying needed capacity across all types of data traffic exchanges."

Current participants

This ExaSwitch project was created by the initial participants to route traffic between large internet and cloud networks. Early adopters include Lumen, Google Cloud, Microsoft Azure and an additional large cloud provider. The ExaSwitch ecosystem will continue to strengthen as additional participants join, making it easier to automate, scale and manage capacity between the members.

"We like the ease, speed and cost efficiency of performing interconnects to network partners directly from our main sites," said Steve Walter, Global VP of Network Operations, Google. "ExaSwitch provides an agile, on-demand platform using proven technology that achieves that."

"Creating a geographically distributed yet automated interconnection platform creates so many options to improve connectivity, resiliency, and speed to add capacity on to one's network," said Frank Rey, Partner, Azure Networking, Microsoft. "We are pleased at the opportunity ExaSwitch has to change the interconnection ecosystem."

How it works

The ExaSwitch administrator will install optical hardware at the preferred location for each participant, who will choose their own fiber source for connecting into ExaSwitch. When two participants agree to connect, they can join quickly through self-provisioning, or an API portal driven and managed by the administrator. The real-time capacity deployment allows them to easily order, modify and delete services as needed. Lumen is acting as the administrator for the initial deployments.

Key benefits

Participants use a self-service portal to configure and turn up connectivity with other participants much faster than they can now.
Connections are set up in 400G increments and can be consumed on demand in 100G increments, with each site capable of up to 25.6 Tbps of optical cross connects.
Participants will have the ability to connect their edge sites, data centers and central offices in major markets to gain diversity and save costs on cross connects.
"The ExaSwitch optical switching platform is an innovative on-demand ecosystem for automating, scaling and managing high-value interconnect services," said Courtney Monroe, VP of Telecommunications Research for IDC. "It is poised to disrupt legacy manual platforms, as well as the way enterprises, and the IT ecosystem interconnect, procure and manage interconnectivity."

Lumen is currently operating the ExaSwitch platform in three of the largest US interconnection hubs – Chicago, Dallas and Virginia – with plans to expand to all major markets in North America with large internet hubs. ISPs, cloud providers, large content providers and enterprises can go to http://exaswitch.net to learn more about ExaSwitch and how to join this growing ecosystem.

About Lumen Technologies:
Lumen connects the world. We are dedicated to furthering human progress through technology by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-google-and-microsoft-create-new-on-demand-optical-interconnection-ecosystem-301847861.html

SOURCE Lumen Technologies

[Ecomike]

Ecomike announces investigations of ambulance chaser Dowe Cheatem Andhow Lawless firms backed by hedge fund shorts, panhandling for work, while shorting real businesses..

Go Lumen Tech, Go...

[Hiudan]

Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Lumen Technologies, Inc. (LUMN)

These things never help anyone except the law firms.

https://www.otcmarkets.com/stock/LUMN/news/story?e&id=2464496

Still has positive cash flow. Hopefully things turn around.

[Banjo50]

Another new low $3.38. Is Chapter 11 in the cards?

[jablome]

2k shares at 4.11

[jeffree]

Carefully...buying some more VVR...as of "extra" dividend announced-


Read this...It May just be a return of capital...but...
the SP is still way below Net Asset Value (currently $4.22)
To me, its worth it...as once the Fed pauses...I expect SP to get closer to NAV..
Anyway, for minor risk, I like it better than any Bank Savings, CD, T-bond, or Money Market...as the dividends are Monthly, and the symbol can be sold/traded on any given market day...

12:15 pm ET December 5, 2022 (PR Newswire) Print
The Board of Trustees (the "Board") of Invesco

https://mma.prnewswire.com/media/1434026/Invesco_Logo.jpg

EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE
12/16/22 12/19/22 12/30/22 12/30/22
Name of Closed-End Ticker Dividend Amount Per Share
Management Investment Company
Invesco Senior Income Trust VVR $0.12391
The Board of Trustees (the "Board") of Invesco Senior Income Trust (NYSE: VVR) (the "Fund") approved an increase in the monthly distribution amount payable to common shareholders pursuant to the Fund's Managed Distribution Plan (the "Plan"). Effective October 1, 2022, the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.032 per share.

The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Fund, regardless of when or whether income is earned, or capital gains are realized. The Plan may have the effect of narrowing the discount between the Fund's market price and the net asset value ("NAV") of the Fund's common shares, but there is no assurance that the Plan will be effective in this regard.

If a Fund's investment income is not sufficient to cover the Fund's intended monthly distribution, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under its Plan. A Fund may at times distribute more than its income and net realized gains; therefore, a portion of the distribution may result in a return of capital.

Will add more LUMN before end of 2022

[JB51]

Is this thing ever going to turn around?

[jeffree]

for those who miss dividend/yield...

I will share a symbol I hold/trade as opposed to a "savings account"...


Invesco has a Senior Notes fund V V R

It trades like a stock and pays a monthly dividend/distribution...

Currently trading at around a 10% discount to its Net Asset Value of $4.21

When the Fed nears the end of its tightening cycle..it should, IMO, move back up a bit...

as long as interest rates keep climbing...it may stay at these low levels...but

you get something back each month...


Hope this helps...

[Ecomike]

I will be adding as well. LUMN is already undervalued IMO, but more bargains are likely here as the world markets work through difficulties, and markets like this can create even more undervalued prices.. Hard to predict bottoms, so I am inclined to add on crazy dive price days.. bit by bit...

Once all the dust clears here, I suspect bottom and turn back up pretty fast here. Mostly dividend stock owners selling to buy over priced dividend stocks...

This one is going to buy back shares instead of paying dividends and use the cash pay down debt. Both are great in this market for share holder value..

[jeffree]

keep posting...an Interesting situation here...with LUMN for the future...

A LOT of disappointment by those with "dividend-interest" in mind...so expect sporadic selling til end of year...???..

I hope the Company starts buying back shares at Every opportunity to garnish Bargain priced shares...


If so...and there is reasonable profitability next year (2023)...I believe a Double or More in SP is quite possible...


JMO


I will be buying more, selectively, as I have a relatively small recent position...

GL

[Ecomike]

Continued:

"we believe will provide a clear path to invest in growth, repurchase shares at attractive valuations, and maintain a strong balance sheet. It has been a privilege to serve as CEO to this very talented team, and I am confident that my successor, Kate Johnson, will continue building on our momentum to drive profitable growth at Lumen."



Lumen will supply the Defense Information Systems Network with high capacity, end-to-end communications services that enable the U.S. Department of Defense to achieve U.S. national security objectives in the 36-nation Asia Pacific region.
These crucial services—which include ethernet, internet and wavelengths—will help protect America's interests in a diverse, strategically complex region that also includes Alaska.
The company is serving as a trusted provider of secure, resilient network services that transport data, imagery, video and voice traffic.
Lumen is providing the network infrastructure backbone to the U.S. Indo-Pacific Command, the oldest and largest unified geographic combatant command charged with integrating U.S. Army, Navy, Air Force and Marine Corps forces within a region that contains more than half of the world's population.

"Lumen is extremely proud to serve the U.S. Indo-Pacific Command with essential mission services that help protect and defend U.S. territory, our people and America's national interests," said Zain Ahmed, senior vice president, Lumen public sector. "We're delivering the always-on network infrastructure so the U.S. Department of Defense can focus on its mission to enhance the stability of the Asia Pacific region, promote security cooperation with our allies and partners, respond to emerging situations, deter aggression and if necessary, fight to win."
Tech Talk:

The indefinite-delivery/indefinite-quantity (IDIQ) [color=red]contract has a $1.5 billion ceiling over its 10-year period of performance and represents new business for Lumen.[/color]
Lumen is honored to support military and government agencies with innovative adaptive networking, edge cloud, connected security and collaboration services using the company's platform for advanced application delivery solutions.
The company provides a platform for IT modernization that delivers the security and reliability military and civilian agencies need to carry out their important missions.

Additional Resources:

Learn more about our U.S. Customs and Border Protection network services contract: https://news.lumen.com/2022-07-26-U-S-Customs-and-Border-Protection-selects-Lumen-for-network-services-contract

Learn more about our U.S. Department of Agriculture $1.2 billion network services award: https://news.lumen.com/2022-01-20-U-S-Department-of-Agriculture-awards-Lumen-1-2-billion-network-services-contract

Learn more about our U.S. Department of the Interior $1.6 billion network services award: https://news.lumen.com/2020-01-16-U-S-Dept-of-the-Interior-Awards-CenturyLink-1-6-Billion-EIS-Network-Services-Win

Learn more about how Lumen is supporting the public sector here:
https://www.lumen.com/public-sector.html

About Lumen Technologies:

Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 400,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences. Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Learn more about Lumen's public sector capabilities on Twitter at @lumengov and on LinkedIn at @lumenpublicsector. Lumen and Lumen Technologies are registered trademarks in the United States.

[Ecomike]

I like that and this!!!

https://ih.advfn.com/stock-market/NYSE/lumen-technologies-LUMN/stock-news/89431089/lumen-wins-1-5-billion-defense-information-system

Lumen wins $1.5 billion Defense Information Systems Network contract
November 01 2022 - 08:18AM
PR Newswire (US)
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Company will provide essential communications services in the Asia Pacific region

WASHINGTON, Nov. 1, 2022 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has won a $1.5 billion contract from the Defense Information Systems Agency (DISA) to provide essential network transport and communications services in the U.S. Indo-Pacific Command Area of Responsibility.

[Ecomike]

I saw that, and this:

DENVER and LONDON, Nov. 2, 2022 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and Colt Technology Services (Colt), a digital infrastructure company, announce today they have entered into an exclusive arrangement for the proposed sale of Lumen's Europe, Middle East and Africa (EMEA) business to Colt for $1.8 billion. This represents a very attractive multiple (~11x) for Lumen's EMEA business and will create additional value for its shareholders.

[Ecomike]

Lot of moving parts here. Lots of news, and financials just reported. Some great, some not so great.

Subsequent Events

Capital Allocation Update
Eliminated stock dividend, there will be no dividend paid in the fourth quarter of 2022
Authorized an up to $1.5 billion, two-year share repurchase program
Investing in growth initiatives while remaining relatively net leverage neutral
Announced today that it had entered into an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billion
Completed the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct. 3

DENVER, Nov. 2, 2022 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the third quarter ended Sept. 30, 2022.

[enthalpy]

they are going to spend the money over 2 years buying back stock up to 1.5 billion dollars worth.

[brndnlwtsn]

Going lower. I hate it too. I was buying the dip for the dividend.

Does anyone know if it's a one time cut or is it no more dividends from Lumen?

[pcjockey]

5.99/6.00 after hours

[enthalpy]

got cut. glta

[Ecomike]

https://ir.lumen.com/financials/results-overview/default.aspx

Financials $LUMN

IMO, this is the kind of market you want DD stocks like $LUMN and plot you timing and buys to long, long term...

I snagged a few more here today, because one never knows when news will rally it or the market or when this crazy market will stop giving up bargains...

If it goes a lot lower, I will buy larger lots...

I did this in 2009 with Novartis and Southern Company, at dirt cheap prices compared to today's prices... 10 years of rising dividends paid for those shares, and reinvested the dividends in other bargains...

[Ecomike]

https://ir.lumen.com/events-and-presentations/default.aspx#events-presentation

$LUMN

[Ecomike]

Main website

https://www.lumen.com/en-us/home.html

[Ecomike]

Good question. https://ir.lumen.com/stock-dividend-info/default.aspx

Use the year menu to walk through the history.

Dividend has higher and lower going back 15 years.

Market is concerned about debt coming due and possible dividend cut, thus the price drops, but the apx 4:1 PE at these prices thanks to market panic seems nuts to me. Even a 50% dividend cut and using cash to buy back debt, makes this still undervalued.

There is subsidiary they are selling or sold, that may affect revenue, one time gains on the sale and cash on hand (To pay down debt....) so it has a lot of moving parts.

Where the market and this stock bottoms at is any ones guess..

But I am already long... and looking to add the rest of the year... on dips like this one. Still making 52 week lows this week.

[pcjockey]

when is the dividend due? tia

[Ecomike]

$LUMN update, still paying about a 12% dividend, PE about 4:1, way under valued because of the market and debt coming due in 2023/2024.. and market down turn, issued an 8-K of debt buy back. https://ih.advfn.com/stock-market/NYSE/lumen-technologies-LUMN/stock-news/89142815/lumen-announces-any-and-all-cash-tender-offers
LUMN is still on a down trend, so not clue where the bottom is yet, I am looking to buy more. If the new CEO cuts the dividend it goes lower. If the new CEO PRs or 10-Q files plans to keep the dividend, this rallies and sets the low. I old enough to want IRA dividend stocks, and this market is drop gifts before the christmas season...