Janus Henderson Group PLC Raises Stock Position in Lumen Technologies, Inc. $LUMN

Janus Henderson Group PLC grew its stake in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 7.4% in the first quarter, Holdings Channel.com reports. The fund owned 1,385,803 shares of the technology company’s stock after purchasing an additional 95,364 shares during the period. Janus Henderson Group PLC’s holdings in Lumen Technologies were worth $9,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LUMN. Crossmark Global Holdings Inc. raised its holdings in Lumen Technologies by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 61,599 shares of the technology company’s stock worth $479,000 after purchasing an additional 1,230 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Lumen Technologies by 1.7% in the first quarter. Lazard Asset Management LLC now owns 78,690 shares of the technology company’s stock valued at $547,000 after buying an additional 1,294 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Lumen Technologies by 4.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 31,875 shares of the technology company’s stock worth $222,000 after buying an additional 1,393 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Lumen Technologies by 7.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 20,821 shares of the technology company’s stock worth $162,000 after buying an additional 1,417 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in Lumen Technologies by 13.6% in the 1st quarter. Citizens Financial Group Inc. RI now owns 12,174 shares of the technology company’s stock valued at $85,000 after acquiring an additional 1,457 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LUMN shares. TD Cowen lifted their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. UBS Group raised their price objective on shares of Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research downgraded Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group reduced their target price on Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $8.11.

Trending Headlines about Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen reported a second-quarter loss of $0.07 per share, narrower than the roughly $0.13–$0.15 loss analysts expected, while revenue of $2.81 billion exceeded consensus estimates of approximately $2.74 billion. Lumen Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Strategic business revenue increased about 14%, now represents more than half of the business segment, and free cash flow turned positive. Lumen maintained its full-year outlook, including expected free cash flow of $1.9 billion to $2.1 billion. Lumen Beats Revenue Estimates on Strong Digital Networking Demand
• Positive Sentiment: The company is seeing stronger demand for digital networking, including network-as-a-service and AI-related connectivity. Its Alkira acquisition is intended to expand multi-cloud and AI networking capabilities. Lumen also announced an agreement with Amdocs to modernize enterprise service orchestration on AWS. Lumen Extends Multi-Cloud Strategy with Amdocs
• Neutral Sentiment: Lumen appointed technology and operations veteran John M. Hinshaw to its board, adding experience in enterprise technology, cybersecurity, digital transformation and operational execution. Lumen Appoints John M. Hinshaw to Its Board
• Negative Sentiment: Revenue fell 9.3% year over year to $2.81 billion, while EBITDA remains under pressure as Lumen winds down legacy services. The quarterly loss also widened from the year-ago period’s $0.03 per-share loss, highlighting that the transformation has not yet offset declining legacy operations. Lumen Q2 Earnings Call Highlights Digital Revenue Shift
• Negative Sentiment: Goldman Sachs lowered its price target to $7.25 from $8.50 and Wells Fargo cut its target to $7.50 from $9.00; both retained neutral or equal-weight ratings. The reductions suggest analysts see limited near-term upside while Lumen proves its digital-growth strategy can overcome declining sales. Lumen Price Target Reduction

Lumen Technologies Price Performance

Lumen Technologies stock opened at $6.08 on Thursday. Lumen Technologies, Inc. has a 12-month low of $3.63 and a 12-month high of $11.95. The stock has a market capitalization of $6.26 billion, a P/E ratio of -5.96 and a beta of 1.78. The firm’s 50-day moving average is $7.60 and its two-hundred day moving average is $7.86.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. As a group, analysts forecast that Lumen Technologies, Inc. will post -0.39 EPS for the current year.

Lumen Technologies Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.