The Goldman Sachs Group Cuts Lumen Technologies (NYSE:LUMN) Price Target to $7.25

Lumen Technologies (NYSE:LUMN) had its target price reduced by The Goldman Sachs Group from $8.50 to $7.25 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

LUMN has been the topic of several other research reports. Zacks Research downgraded Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on Lumen Technologies from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. UBS Group lifted their price target on Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen upped their price objective on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their target price on shares of Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Wednesday. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $8.11.

Lumen Technologies Stock Up 6.2%

Shares of NYSE:LUMN opened at $6.27 on Wednesday. Lumen Technologies has a 52-week low of $3.69 and a 52-week high of $11.95. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of -6.14 and a beta of 1.78. The business has a 50-day moving average price of $7.41 and a 200-day moving average price of $7.83.

Lumen Technologies (NYSE:LUMN) last posted its earnings results on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned ($0.03) earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Lumen Technologies will post -0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lumen Technologies news, CEO Kathleen E. Johnson purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the purchase, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $613,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lumen Technologies

Institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Lumen Technologies by 210.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 562,520 shares of the technology company’s stock valued at $4,372,000 after buying an additional 381,391 shares during the last quarter. CapWealth Advisors LLC grew its holdings in shares of Lumen Technologies by 3.2% during the fourth quarter. CapWealth Advisors LLC now owns 6,699,685 shares of the technology company’s stock valued at $52,057,000 after purchasing an additional 204,970 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Lumen Technologies by 8.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,954,306 shares of the technology company’s stock worth $55,282,000 after purchasing an additional 610,364 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Lumen Technologies by 3,775.1% in the 1st quarter. Fifth Third Bancorp now owns 224,216 shares of the technology company’s stock worth $1,558,000 after purchasing an additional 218,430 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Lumen Technologies during the 1st quarter valued at approximately $2,632,000. 66.19% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Lumen Technologies

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

• Positive Sentiment: CEO Kathleen Johnson purchased 100,000 LUMN shares for approximately $613,000 at an average price of $6.13. The sizable open-market purchase signals management confidence in Lumen’s turnaround and better aligns the CEO’s interests with shareholders. Insider Buying: Lumen Technologies CEO Acquires Stock
• Positive Sentiment: Lumen’s second-quarter loss of $0.07 per share was narrower than the $0.13 analyst consensus, while revenue of $2.81 billion exceeded expectations of $2.74 billion. The earnings beat provides evidence that cost controls and the company’s transformation may be progressing. What Changed for Lumen After Earnings Beat
• Positive Sentiment: Lumen is extending its multi-cloud strategy through an Amdocs agreement to modernize enterprise service orchestration and order management on AWS. The initiative could improve service delivery and support growth in cloud- and AI-related offerings. Lumen Extends Multi-Cloud Strategy
• Neutral Sentiment: Analyst opinion remains mixed: several firms maintain Hold or Neutral ratings, while the broader consensus is Reduce. This suggests the earnings beat and insider purchase have not yet resolved uncertainty surrounding Lumen’s long-term turnaround. Analysts Conflicted on Communication Services Names
• Negative Sentiment: Revenue declined 9.3% year over year to $2.81 billion, underscoring continued weakness in Lumen’s legacy businesses. Investors remain concerned that growth in strategic services may not yet be sufficient to offset those declines.
• Negative Sentiment: Goldman Sachs lowered its LUMN price target from $8.50 to $7.25, while Wells Fargo issued a pessimistic forecast and also reduced expectations. The cuts reinforce concerns about limited near-term upside and likely contributed to pressure on the stock. Lumen Shares Down on Analyst Downgrade

Lumen Technologies Company 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.