Lumen Technologies, Inc. (LUMN), a facilities-based technology and communications company has declined by 4.82% in aftermarket trading session and consequently is trading at $12.65 at the time of the writing. On Wednesday, LUMN closed the day at $13.29 after declining by 0.37% during regular trading hours. The decline has come after the analysts rated the stock as a sell, causing a huge volume of short selling. Let’s discuss some recent developments related to the stock.
When LUMN Would Release Q4 2021 Results?
On the 5th of January, LUMN announced that it would release its quarterly results for the fourth quarter of the fiscal year 2021 on the 9th of February 2021. The company said that it would broadcast a live conference call on its Investor Relations website. Also, the company said that it would provide additional information regarding the fourth quarter of 2021 results on its investor relations website.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Q3 2021 Operating Results
On the 4th of November, LUMN released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The company generated operating revenues of $4.88 billion against $5.16 billion for the same quarter of 2020. The total operating expenses bore by the company during the three months were $3.5 billion against $4.2 billion for the same three-month period of 2020. The net income generated by the company during the period was $544 million (or $0.51 per basic and diluted share) against $366 million (or $0.34 per basic and diluted share) for the same period of 2020.
FY 2021 Financial Outlook
LUMN also updated its full-year 2021 financial outlook. The company expected the adjusted EBITDA to stand between $8.4 and $8.6 billion. The dividends for the full year 2021 are expected to be $1.1 billion. The GAAP interest expense is expected to stand at $1.550 billion. The expected free cash flow is expected to stand between $3.6 and $3.8 billion.
What’s Next for LUMN?
Statistics reveal that the stock has surged more than 10% during the last three months. Looking forward, the analysts expect the stock to show bearish signs during the next few months. www.forbes.fr Hence, potential investors should keep a close eye on the performance of LUMN stock.
