LUMN
Lumen Technologies, Inc.

Lumen Technologies, Inc.LUMN

Communication Services · Telecom Services
3.99USD
+0.25%
Nov 08, 2026
LUMN overview ready
Enterprise Fiber Network Infrastructure Connecting AI Data Centers and Cloud Regions
Lumen is an enterprise-focused fiber-network infrastructure provider whose owned long-haul and metro network, dark fiber, wavelength, Ethernet, IP, cloud-connectivity, and programmable-network services can connect AI data centers, hyperscalers, cloud regions, and enterprise AI workloads.
Primary theme is improving
Telecom & Cable Carriers is improving (+3.7pp vs SPY over 21 sessions; 6 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Mixed fundamentals
Ev / ebitda is strong, while free cash flow yield is weak.
Primary risk
Declining revenue from legacy services.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 16

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality3.9Valuation4.0ThemeMomentum7.0This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+3.7pp
Theme return
−1.3%
Beating SPY
6 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$4.1B
Avg Volume (60D)
14.5M
60 sessions
Revenue Growth YoY
-6.6%
FY2025 vs FY2024
Gross Margin
+48.4%
Operating Margin
+1.4%
Trailing twelve months
Free Cash Flow Yield
-24.0%
Distance from 200DMA
-44.2%
Next Earnings
2027-02-02
P/E
N/M
EV / EBITDA
5.8x
EV / Sales
1.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Insufficient evidence

This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Business Quality

3.9 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says cheap; own history is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
Lumen Technologies, Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
Lumen is an enterprise-focused fiber-network infrastructure provider whose owned long-haul and metro network, dark fiber, wavelength, Ethernet, IP, cloud-connectivity, and programmable-network services can connect AI data centers, hyperscalers, cloud regions, and enterprise AI workloads.
Opportunity
Moderate opportunity
AI training, inference, cloud expansion, and geographically distributed data-center campuses increase demand for high-capacity, low-latency terrestrial fiber routes, dark fiber, metro connectivity, and data-center-to-data-center transport.
Key risk
Declining revenue from legacy services.

Economic classification

Loading the economic classification…

Business & Markets

Communication Services · Telecom Services
What they do

Lumen Technologies operates a fiber network infrastructure business providing integrated networking products and services to business and mass-market customers primarily in the U.S. Internationally through two segments: Business and Mass Markets.

How it earns

Revenue is generated primarily through subscription and contractual services for network connectivity, cloud, and managed communication solutions.

Products & services
Dark fiber and conduit
Edge cloud services
Internet protocol (IP) services
Voice over IP
Managed security
Software-defined wide area networks
Unified communications and collaboration
Optical services
Ethernet and VPN data networks
Legacy voice and private line services
Customers & end markets
Enterprise business customers
Mass-market consumers
Market position

Lumen is a leading enterprise-focused fiber network infrastructure provider with extensive long-haul and metro fiber assets.

Demand drivers
Medium cyclicality

Business demand is influenced by enterprise IT spending cycles and technology adoption trends, but also supported by recurring contracts.

Related companies

Finding other covered companies in the same part of this story…