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Lumen Technologies Inc
Previous close
$9.19
Day range
$9.15 - $9.84
Year range
$0.97 - $9.84
Market cap
9.75B USD
Avg Volume
15.98M
P/E ratio
-
Dividend yield
-
Primary exchange
NYSE
Top news
Q3 earnings report for Lumen Technologies
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 3.22B | -11.54% |
Operating expense | 1.36B | -9.42% |
Net income | -148.00M | -89.74% |
Net profit margin | -4.59 | -114.49% |
Earnings per share | -0.13 | -44.44% |
EBITDA | 871.00M | -16.17% |
Effective tax rate | 13.95% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 2.64B | 748.87% |
Total assets | 33.99B | -5.38% |
Total liabilities | 33.65B | -0.16% |
Total equity | 342.00M | — |
Shares outstanding | 1.01B | — |
Price to book | 27.03 | — |
Return on assets | 1.22% | — |
Return on capital | 2.13% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | -148.00M | -89.74% |
Cash from operations | 2.03B | 130.65% |
Cash from investing | -805.00M | 2.66% |
Cash from financing | -81.00M | 53.18% |
Net change in cash | 1.15B | 1,063.03% |
Free cash flow | -83.88M | -369.48% |
About
Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, cloud solutions, voice and managed services through its fiber optic and copper networks, as well as its data centers and cloud computing services. The company has been included in the S&P 600 index since being removed from the S&P 500 in March 2023.
Its communications services have included local and long-distance voice, broadband, Multi-Protocol Label Switching, private line, Ethernet, hosting, data integration, video, network, public access, Voice over Internet Protocol, information technology, and other ancillary services.
Lumen has gone through many acquisitions, divestments, and structural changes. In the 20th century, this primarily consisted of buying and selling local telecom providers. Larger mergers at the beginning of the 21st century added internet service providing to Lumen's core business. As Cloud computing became more important, Lumen acquired business to serve enterprise cloud customers. Wikipedia
CEO
Founded
1968
Headquarters
Website
Employees
25,000