LUMN Chart
About

Lumen Technologies, Inc., a networking company, provides integrated products and services to business and mass customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber and conduit, edge cloud, internet protocol (IP), voice over IP, managed security, software-defined wide area networks, unified communications and collaboration, and optical services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice and private line; other legacy services, such as Synchronous Optical Network (SONET) based ethernet, legacy data hosting services, and conferencing services; and managed and professional service solutions, as well as sells communications equipment. The company also provides high speed and lower speed broadband service to residential and small business customers; local and long-distance voice services, professional services, and other ancillary services; and federal broadband and state support programs. It serves its products and services under the Lumen, CenturyLink, Black Lotus Labs, and Quantum Fiber brand name. The company was formerly known as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Telecom Services Market Cap 7.92B
Enterprise Value 25.45B Income -1.74B Sales 12.40B
Book/sh -1.09 Cash/sh 0.98 Dividend Yield —
Payout 0.00% Employees 24000 IPO —
P/E — Forward P/E -27.85 PEG —
P/S 0.64 P/B -7.08 P/C —
EV/EBITDA 10.41 EV/Sales 2.05 Quick Ratio 0.64
Current Ratio 1.80 Debt/Eq — LT Debt/Eq —
EPS (ttm) -1.75 EPS next Y -0.28 EPS Growth —
Revenue Growth -8.70% Earnings 2026-04-30 ROA -0.56%
ROE — ROIC — Gross Margin 46.48%
Oper. Margin -5.99% Profit Margin -14.02% Shs Outstand 1.03B
Shs Float 942.00M Short Float 6.45% Short Ratio 4.07
Short Interest — 52W High 11.95 52W Low 3.01
Beta 1.54 Avg Volume 13.37M Volume 5.51M
Target Price $7.64 Recom None Prev Close $7.45
Price $7.71 Change 3.56%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.64
Mean price target
2. Current target
$7.28
Latest analyst target
3. DCF / Fair value
$-103.57
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.28
Low
$5.00
High
$10.00
Mean
$7.64

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-05 main Citigroup Neutral → Neutral $10
2026-02-05 main UBS Neutral → Neutral $6
2026-02-04 main Goldman Sachs Neutral → Neutral $7
2025-11-25 main RBC Capital Sector Perform → Sector Perform $8
2025-10-31 down Citigroup Buy → Neutral $11
2025-10-03 main Goldman Sachs Neutral → Neutral $5
2025-09-25 main Citigroup Buy → Buy $8
2025-08-01 main Raymond James Outperform → Outperform $5
2025-05-05 up Raymond James Market Perform → Outperform $5
2025-02-26 up Citigroup Neutral → Buy $7
2025-02-21 up Wells Fargo Underweight → Equal-Weight $5
2025-02-10 reit RBC Capital Sector Perform → Sector Perform $4
2024-12-20 reit RBC Capital Sector Perform → Sector Perform $4
2024-11-29 main Citigroup Neutral → Neutral $8
2024-11-06 main TD Cowen Hold → Hold $6
2024-11-06 main Goldman Sachs Neutral → Neutral $5
2024-10-04 main Goldman Sachs Neutral → Neutral $5
2024-08-16 down Wells Fargo Equal-Weight → Underweight $4
2024-08-08 main B of A Securities Underperform → Underperform $2
2024-08-07 main TD Cowen Hold → Hold $7
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 102100 — Sale at price 10.21 per share. BEJAR MARTHA HELENA Director — 2020-12-17 00:00:00 D
1 265 2687 — Sale at price 10.14 per share. JONES HAL STANLEY Director — 2020-06-18 00:00:00 D
2 16439 — — Stock Award(Grant) at price 0.00 per share. BOULET VIRGINIA Director — 2020-05-20 00:00:00 D
3 16439 — — Stock Award(Grant) at price 0.00 per share. GLENN T MICHAEL Director — 2020-05-20 00:00:00 D
4 16439 — — Stock Award(Grant) at price 0.00 per share. BROWN PETER C Director — 2020-05-20 00:00:00 D
5 16439 — — Stock Award(Grant) at price 0.00 per share. CLONTZ STEVEN TERRELL Director — 2020-05-20 00:00:00 D
6 16439 — — Stock Award(Grant) at price 0.00 per share. ROBERTS MICHAEL JAMES Director — 2020-05-20 00:00:00 D
7 16439 — — Stock Award(Grant) at price 0.00 per share. CHILTON KEVIN P Director — 2020-05-20 00:00:00 D
8 16439 — — Stock Award(Grant) at price 0.00 per share. HANKS WILLIAM BRUCE Director — 2020-05-20 00:00:00 D
9 16439 — — Stock Award(Grant) at price 0.00 per share. SIEGEL LAURIE A Director — 2020-05-20 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems105.21M-2.16B-626.64M1.98M
TaxRateForCalcs0.210.210.210.25
NormalizedEBITDA3.60B4.21B6.56B8.23B
TotalUnusualItems501.00M-10.30B-2.98B8.00M
TotalUnusualItemsExcludingGoodwill501.00M-10.30B-2.98B8.00M
NetIncomeFromContinuingOperationNetMinorityInterest-55.00M-10.30B-1.55B2.03B
ReconciledDepreciation2.96B2.98B3.24B4.02B
ReconciledCostOfRevenue6.70B7.14B7.87B8.49B
EBITDA4.10B-6.09B3.58B8.24B
EBIT1.14B-9.08B341.00M4.22B
NetInterestIncome-1.25B-1.12B-1.33B-1.52B
InterestExpense1.37B1.16B1.33B1.52B
InterestIncome119.00M41.00M24.00M
NormalizedIncome-450.79M-2.16B809.36M2.03B
NetIncomeFromContinuingAndDiscontinuedOperation-55.00M-10.30B-1.55B2.03B
TotalExpenses12.63B13.33B14.19B15.40B
TotalOperatingIncomeAsReported460.00M-9.58B95.00M4.29B
DilutedAverageShares987.68M983.08M1.01B1.07B
BasicAverageShares987.68M983.08M1.01B1.06B
DilutedEPS-0.06-10.48-1.541.91
BasicEPS-0.06-10.48-1.541.92
DilutedNIAvailtoComStockholders-55.00M-10.30B-1.55B2.03B
NetIncomeCommonStockholders-55.00M-10.30B-1.55B2.03B
NetIncome-55.00M-10.30B-1.55B2.03B
NetIncomeIncludingNoncontrollingInterests-55.00M-10.30B-1.55B2.03B
NetIncomeContinuousOperations-55.00M-10.30B-1.55B2.03B
TaxProvision-175.00M61.00M557.00M668.00M
PretaxIncome-230.00M-10.24B-991.00M2.70B
OtherIncomeExpense546.00M-10.35B-2.95B-62.00M
OtherNonOperatingIncomeExpenses45.00M-47.00M32.00M-70.00M
SpecialIncomeCharges331.00M-10.20B-2.98B8.00M
GainOnSaleOfPPE-700.00M0.00
GainOnSaleOfBusiness-17.00M-121.00M73.00M0.00
OtherSpecialCharges-348.00M-618.00M-214.00M-8.00M
ImpairmentOfCapitalAssets0.0010.69B3.27B0.00
GainOnSaleOfSecurity170.00M-107.00M-180.00M110.00M
NetNonOperatingInterestIncomeExpense-1.25B-1.12B-1.33B-1.52B
InterestExpenseNonOperating1.37B1.16B1.33B1.52B
InterestIncomeNonOperating119.00M41.00M24.00M
OperatingIncome477.00M1.23B3.29B4.29B
OperatingExpense5.93B6.18B6.32B6.91B
DepreciationAmortizationDepletionIncomeStatement2.96B2.98B3.24B4.02B
DepreciationAndAmortizationInIncomeStatement2.96B2.98B3.24B4.02B
Amortization1.07B1.05B1.11B1.35B
AmortizationOfIntangiblesIncomeStatement1.07B1.05B1.11B1.35B
DepreciationIncomeStatement1.89B1.93B2.13B2.67B
SellingGeneralAndAdministration2.97B3.20B3.08B2.90B
GeneralAndAdministrativeExpense2.97B3.20B3.08B2.90B
OtherGandA2.97B3.20B3.08B2.90B
SalariesAndWages152.00M158.00M-1.00M295.00M
GrossProfit6.41B7.41B9.61B11.20B
CostOfRevenue6.70B7.14B7.87B8.49B
TotalRevenue13.11B14.56B17.48B19.69B
OperatingRevenue13.11B14.56B17.48B19.69B
Line Item2024-12-312023-12-312022-12-312021-12-31
PreferredSharesNumber7.00K7.00K7.00K7.00K
OrdinarySharesNumber1.01B1.01B1.00B1.02B
ShareIssued1.01B1.01B1.00B1.02B
NetDebt16.02B17.75B19.32B28.63B
TotalDebt18.16B20.26B20.92B29.37B
TangibleBookValue-6.31B-7.02B-8.45B-11.12B
InvestedCapital18.37B20.41B30.95B40.82B
WorkingCapital755.00M1.24B554.00M4.37B
NetTangibleAssets-6.31B-7.02B-8.45B-11.12B
CapitalLeaseObligations253.00M268.00M344.00M385.00M
CommonStockEquity464.00M417.00M10.37B11.84B
TotalCapitalization17.96B20.25B30.79B39.27B
TotalEquityGrossMinorityInterest464.00M417.00M10.37B11.84B
StockholdersEquity464.00M417.00M10.37B11.84B
GainsLossesNotAffectingRetainedEarnings-723.00M-810.00M-1.10B-2.16B
OtherEquityAdjustments-723.00M-810.00M-1.10B-2.16B
RetainedEarnings-17.96B-17.91B-7.61B-6.00B
AdditionalPaidInCapital0.0018.13B18.08B18.97B
CapitalStock19.15B1.01B1.00B1.02B
CommonStock19.15B1.01B1.00B1.02B
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest33.03B33.60B35.24B46.15B
TotalNonCurrentLiabilitiesNetMinorityInterest29.39B30.07B30.34B38.98B
OtherNonCurrentLiabilities3.07B2.65B2.61B3.80B
EmployeeBenefits2.21B2.49B2.39B3.71B
NonCurrentPensionAndOtherPostretirementBenefitPlans2.21B2.49B2.39B3.71B
NonCurrentDeferredLiabilities6.62B5.10B4.92B4.05B
NonCurrentDeferredRevenue3.73B1.97B1.76B
NonCurrentDeferredTaxesLiabilities2.89B3.13B3.16B4.05B
LongTermDebtAndCapitalLeaseObligation17.49B19.83B20.42B27.43B
LongTermDebt17.49B19.83B20.42B27.43B
CurrentLiabilities3.64B3.53B4.90B7.17B
OtherCurrentLiabilities179.00M213.00M728.00M2.49B
CurrentDeferredLiabilities861.00M647.00M596.00M617.00M
CurrentDeferredRevenue861.00M647.00M596.00M617.00M
CurrentDebtAndCapitalLeaseObligation665.00M425.00M498.00M1.94B
CurrentCapitalLeaseObligation253.00M268.00M344.00M385.00M
CurrentDebt412.00M157.00M154.00M1.55B
OtherCurrentBorrowings412.00M157.00M154.00M1.55B
PayablesAndAccruedExpenses1.93B2.25B3.08B2.12B
CurrentAccruedExpenses913.00M864.00M873.00M1.14B
InterestPayable197.00M168.00M181.00M278.00M
Payables1.02B1.39B2.20B986.00M
TotalTaxPayable272.00M251.00M1.16B228.00M
AccountsPayable749.00M1.13B1.04B758.00M
TotalAssets33.50B34.02B45.61B57.99B
TotalNonCurrentAssets29.10B29.24B40.16B46.46B
OtherNonCurrentAssets1.91B2.05B2.17B2.61B
GoodwillAndOtherIntangibleAssets6.77B7.43B18.82B22.96B
OtherIntangibleAssets4.81B5.47B6.17B6.97B
Goodwill1.96B1.96B12.66B15.99B
NetPPE20.42B19.76B19.17B20.89B
AccumulatedDepreciation-23.12B-21.32B-19.89B-19.27B
GrossPPE43.54B41.08B39.05B40.17B
ConstructionInProgress2.14B2.76B2.01B1.47B
MachineryFurnitureEquipment33.96B30.96B29.53B30.76B
BuildingsAndImprovements6.80B6.71B6.86B7.18B
LandAndImprovements630.00M646.00M651.00M751.00M
Properties0.000.000.000.00
CurrentAssets4.39B4.78B5.45B11.54B
OtherCurrentAssets22.00M14.00M5.00M11.00M
AssetsHeldForSaleCurrent24.00M104.00M1.89B8.81B
CurrentDeferredAssets211.00M209.00M223.00M248.00M
PrepaidAssets372.00M395.00M319.00M295.00M
Inventory146.00M209.00M236.00M96.00M
Receivables1.73B1.61B1.53B1.72B
ReceivablesAdjustmentsAllowances-59.00M-67.00M-85.00M-114.00M
OtherReceivables125.00M223.00M294.00M478.00M
TaxesReceivable483.00M273.00M0.0022.00M
NotesReceivable0.0056.00M
AccountsReceivable1.18B1.18B1.32B1.28B
CashCashEquivalentsAndShortTermInvestments1.89B2.23B1.25B354.00M
CashAndCashEquivalents1.89B2.23B1.25B354.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow1.10B-940.00M1.72B3.60B
RepurchaseOfCapitalStock0.000.00-200.00M-1.00B
RepaymentOfDebt-2.68B-185.00M-8.09B-3.60B
IssuanceOfDebt1.32B0.000.001.88B
CapitalExpenditure-3.23B-3.10B-3.02B-2.90B
InterestPaidSupplementalData1.25B1.14B1.36B1.49B
IncomeTaxPaidSupplementalData1.30B76.00M112.00M
EndCashPosition1.90B2.25B1.31B409.00M
BeginningCashPosition2.25B1.31B409.00M427.00M
ChangesInCash-348.00M941.00M898.00M-18.00M
FinancingCashFlow-1.85B-18.00M-9.31B-3.81B
CashFlowFromContinuingFinancingActivities-1.85B-18.00M-9.31B-3.81B
NetOtherFinancingCharges-295.00M-22.00M-40.00M-53.00M
CashDividendsPaid-3.00M-11.00M-780.00M-1.09B
NetCommonStockIssuance0.000.00-200.00M-1.00B
CommonStockPayments0.000.00-200.00M-1.00B
NetIssuancePaymentsOfDebt-1.55B15.00M-8.29B-1.67B
NetShortTermDebtIssuance-200.00M200.00M-200.00M50.00M
NetLongTermDebtIssuance-1.35B-185.00M-8.09B-1.72B
LongTermDebtPayments-2.68B-185.00M-8.09B-3.60B
LongTermDebtIssuance1.32B0.000.001.88B
InvestingCashFlow-2.83B-1.20B5.48B-2.71B
CashFlowFromContinuingInvestingActivities-2.83B-1.20B5.48B-2.71B
NetOtherInvestingChanges20.00M-12.00M3.00M53.00M
NetBusinessPurchaseAndSale15.00M1.75B8.37B0.00
SaleOfBusiness15.00M1.75B8.37B0.00
NetPPEPurchaseAndSale366.00M165.00M120.00M135.00M
SaleOfPPE366.00M165.00M120.00M135.00M
CapitalExpenditureReported-3.23B-3.10B-3.02B-2.90B
OperatingCashFlow4.33B2.16B4.74B6.50B
CashFlowFromContinuingOperatingActivities4.33B2.16B4.74B6.50B
ChangeInWorkingCapital2.35B-999.00M798.00M-408.00M
ChangeInOtherWorkingCapital2.72B181.00M-114.00M-70.00M
ChangeInPayablesAndAccruedExpense-202.00M-97.00M98.00M-261.00M
ChangeInPayable-202.00M-97.00M98.00M-261.00M
ChangeInAccountPayable-202.00M-97.00M98.00M-261.00M
ChangeInTaxPayable-1.19B972.00M-69.00M
ChangeInIncomeTaxPayable-1.19B972.00M-69.00M
ChangeInReceivables-170.00M-1.08B814.00M-77.00M
ChangesInAccountReceivables19.00M102.00M-158.00M-8.00M
OtherNonCashItems-186.00M-7.00M19.00M17.00M
StockBasedCompensation29.00M52.00M98.00M120.00M
UnrealizedGainLossOnInvestmentSecurities10.00M97.00M191.00M-138.00M
ProvisionandWriteOffofAssets72.00M100.00M133.00M105.00M
AssetImpairmentCharge83.00M10.72B3.28B0.00
DeferredTax-209.00M8.00M-1.23B598.00M
DeferredIncomeTax-209.00M8.00M-1.23B598.00M
DepreciationAmortizationDepletion2.96B2.98B3.24B4.02B
DepreciationAndAmortization2.96B2.98B3.24B4.02B
AmortizationCashFlow1.07B1.05B1.11B1.35B
AmortizationOfIntangibles1.07B1.05B1.11B1.35B
Depreciation1.89B1.93B2.13B2.67B
OperatingGainsLosses-717.00M-498.00M-241.00M155.00M
PensionAndEmployeeBenefitExpense-181.00M-1.00M46.00M163.00M
GainLossOnInvestmentSecurities-205.00M
GainLossOnSaleOfBusiness17.00M121.00M-73.00M0.00
NetIncomeFromContinuingOperations-55.00M-10.30B-1.55B2.03B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LUMN
Date User Asset Broker Type Position Size Entry Price Patterns