Lumen Technologies (NYSE:LUMN – Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Lumen Technologies (NYSE:LUMN – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.07). Lumen Technologies had a negative net margin of 15.06% and a negative return on equity of 18.52%. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. On average, analysts expect Lumen Technologies to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Lumen Technologies Stock Up 9.5 %
Lumen Technologies stock opened at $7.00 on Monday. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of -3.33 and a beta of 1.21. The firm has a 50 day simple moving average of $6.24 and a 200 day simple moving average of $3.49. Lumen Technologies has a 1-year low of $0.78 and a 1-year high of $7.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 39.51.
Analysts Set New Price Targets
Check Out Our Latest Report on LUMN
Insider Activity at Lumen Technologies
In other news, Director James Fowler purchased 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $4.70 per share, with a total value of $47,000.00. Following the acquisition, the director now directly owns 384,056 shares in the company, valued at approximately $1,805,063.20. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.68% of the stock is owned by insiders.
About Lumen Technologies
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.
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