Lumen Technologies reports fourth quarter and full year 2023 results
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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
