Lumen (LUMN) Appoints Dave Ward as CTO
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/22/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
JPMorgan Comments Negative on Lumen (LUMN): 'revenue continues to decline, leverage stays high'
February 7, 2024 4:10 PM ESTJPMorgan analyst Philip Cusick reiterated an Underweight rating and {REMOVEPT} price target on Lumen (NYSE: LUMN)
The analyst comments "Lumen reported solid 4Q results and 2024 guide, with generally in line EBITDA. The company remains focused on stabilizing revenue and EBITDA by 2025, and we saw signs of improvement in 4Q23. Lumen reported new business logos up 13% q/q, share gains in IP and SASE within the Mid-Market sales channel, and Public Sector up 12% q/q... More
