Lumen Technologies (NYSE:LUMN) Price Target Raised to $7.00

Lumen Technologies (NYSE:LUMN) had its price objective increased by JPMorgan Chase & Co. from $6.00 to $7.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company’s stock.

Several other research analysts also recently commented on LUMN. Zacks Research downgraded shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Raymond James Financial reissued a “market perform” rating on shares of Lumen Technologies in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Citigroup decreased their price target on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Ten analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $7.91.

Lumen Technologies Stock Performance

LUMN stock opened at $9.42 on Monday. The company has a market capitalization of $9.70 billion, a PE ratio of -5.41 and a beta of 1.65. Lumen Technologies has a one year low of $3.37 and a one year high of $11.95. The company’s 50 day moving average price is $7.62 and its two-hundred day moving average price is $8.10.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.34). The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.83 billion. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.13) earnings per share. On average, research analysts predict that Lumen Technologies will post -0.39 EPS for the current year.

Insiders Place Their Bets

In related news, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $7.89, for a total value of $355,050.00. Following the sale, the director owned 198,229 shares in the company, valued at $1,564,026.81. The trade was a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Lumen Technologies

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Lumen Technologies by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 113,552,549 shares of the technology company’s stock worth $694,942,000 after purchasing an additional 1,295,177 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Lumen Technologies by 58.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,768,300 shares of the technology company’s stock worth $37,050,000 after purchasing an additional 1,755,368 shares during the last quarter. Allianz Asset Management GmbH raised its position in Lumen Technologies by 5.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 10,056,824 shares of the technology company’s stock worth $61,548,000 after buying an additional 536,324 shares during the last quarter. Private Advisory Group LLC purchased a new position in Lumen Technologies in the 4th quarter worth about $1,200,000. Finally, Public Sector Pension Investment Board raised its position in Lumen Technologies by 5.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,682,348 shares of the technology company’s stock worth $22,536,000 after buying an additional 184,883 shares during the last quarter. Institutional investors own 66.19% of the company’s stock.

More Lumen Technologies News

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Lumen announced it is accelerating its cloud-first strategy with Amdocs, expanding migration of its enterprise billing platform to Microsoft Azure. The move is designed to improve scalability, resilience, and operating efficiency, which supports its broader digital transformation efforts. Article: Lumen Technologies Accelerates Cloud-First Strategy with Amdocs, Expands Migration of Enterprise Billing Platform to Microsoft Azure
• Positive Sentiment: The company launched NorthLine, a new low-latency fiber route connecting Seattle to Minneapolis, to support rising AI and cloud data traffic. This reinforces Lumen’s positioning as a key connectivity provider for AI infrastructure demand. Article: Lumen Expands Fiber Network With New AI-Focused NorthLine Route
• Positive Sentiment: Analysts highlighted momentum in Lumen’s Network-as-a-Service business, saying demand from enterprises adopting AI and multi-cloud workloads could help drive top-line growth. Article: Can Lumen’s Expanding NaaS Business Drive Top-Line Growth?
• Neutral Sentiment: Lumen also extended the early participation date and withdrawal deadline for certain debt exchange offers, a financing-related update that does not appear to be the main stock driver but is worth monitoring. Article: Lumen Technologies, Inc. and Qwest Corporation Announce Extension of Early Participation Date and Withdrawal Deadline of Previously Announced Exchange Offers
• Negative Sentiment: Despite the growth initiatives, commentary still notes that Lumen faces ongoing pressure from declining legacy revenues, which may limit the pace of a sustained rebound. Article: Can Lumen’s Expanding NaaS Business Drive Top-Line Growth?

Lumen Technologies Company Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.