
NYSE:LUMN
LUMN is down 79% year-to-date and it recently missed its earnings by a wide margin. The company's sales declined year-over-year by 17%, but its operating expenses also rose 14%, causing significant margin contraction. Its operating expenses last year benefited from the sale of its business, and its interest expenses remain high, at $295M in the recent quarter. It has reduced its debt significantly over the past several years, but it remains high at a net debt of ~$20B, and a net debt/EBITDA of 4.0X. Its interest coverage ratio has been materially contracting, now at 1.4X, and it's selling assets and business segments to reduce its debt burden. A bad mix of declining sales, flat to contracting margins, and sales of some of its business units to reduce a debt/equity ratio of 9.0X is likely to negatively impact this name for some time. We do not expect a recovery in this name unless sales can recover, however, it seems the company is focused on restructuring rather than growing.
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Lumen Technologies Inc is a American stock, trading under the symbol LUMN (previously LUMN-N on Stockchase) on the New York Stock Exchange (LUMN). It is usually referred to as NYSE:LUMN or LUMN
In the last year, there was no coverage of Lumen Technologies Inc published on Stockchase.
Lumen Technologies Inc was recommended as a Top Pick by Jenny Harrington, CEO, Gilman Hill Asset Management on 2022-02-14. Read the latest stock experts ratings for Lumen Technologies Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Lumen Technologies Inc in the last year. It is a trending stock that is worth watching.
On 2026-05-26, Lumen Technologies Inc (LUMN) stock closed at a price of $10.17.
Is sliding, but it should never have gone up as much as it did--and will continue to.