Lumen
LUMN
About: Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017 and the 2022 divestiture of much of its local phone business in rural areas and small markets shifted the company's operations away from the legacy consumer business and toward enterprises services, which account for about 75% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access. Lumen has announced the sale of its remaining consumer fiber network to AT&T, which will further shift its focus to enterprise customers.
Employees: 24,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
40% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 58
14% more capital invested
Capital invested by funds: $2.79B [Q1] → $3.18B (+$390M) [Q2]
3% more funds holding
Funds holding: 532 [Q1] → 546 (+14) [Q2]
1.31% more ownership
Funds ownership: 69.35% [Q1] → 70.66% (+1.31%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 172
37% less call options, than puts
Call options by funds: $62.2M | Put options by funds: $98.5M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Goldman Sachs
Michael Ng
|
$4.1
|
Neutral
Assumed
|
2 Sep 2025 |
Raymond James
Frank Louthan
|
$5
|
Outperform
Maintained
|
1 Aug 2025 |
Financial journalist opinion
Based on 17 articles about LUMN published over the past 30 days