California State Teachers Retirement System Purchases 212,851 Shares of Lumen Technologies, Inc. $LUMN

California State Teachers Retirement System boosted its position in shares of Lumen Technologies, Inc. (NYSE:LUMN) by 23.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,130,541 shares of the technology company’s stock after acquiring an additional 212,851 shares during the quarter. California State Teachers Retirement System’s holdings in Lumen Technologies were worth $7,857,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Lumen Technologies by 324.7% in the fourth quarter. JPMorgan Chase & Co. now owns 22,211,742 shares of the technology company’s stock worth $172,585,000 after purchasing an additional 16,981,326 shares during the last quarter. Norges Bank purchased a new stake in Lumen Technologies in the 4th quarter worth approximately $106,557,000. Price T Rowe Associates Inc. MD grew its position in shares of Lumen Technologies by 737.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,043,124 shares of the technology company’s stock worth $62,496,000 after buying an additional 7,082,560 shares during the last quarter. Trexquant Investment LP grew its position in shares of Lumen Technologies by 481.2% in the 4th quarter. Trexquant Investment LP now owns 5,605,410 shares of the technology company’s stock worth $43,554,000 after buying an additional 4,640,911 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Lumen Technologies during the fourth quarter valued at approximately $16,854,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group raised their price target on Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen boosted their price objective on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of Lumen Technologies from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.32.

Lumen Technologies News Summary

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

• Positive Sentiment: Lumen reported a second-quarter adjusted loss of $0.07 per share, narrower than the consensus estimate of a $0.13–$0.15 loss. The earnings beat is a key reason investors responded favorably. Lumen Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Revenue totaled $2.81 billion, above the approximately $2.74 billion analyst forecast. Strong demand for digital networking, including services supporting cloud connectivity and AI workloads, helped drive the revenue outperformance. Lumen Beats Revenue Estimates on Strong Digital Networking Demand
• Positive Sentiment: Management reaffirmed its full-year outlook and highlighted progress in improving the company’s revenue mix, simplifying operations and expanding its digital platform. The Alkira acquisition is intended to strengthen Lumen’s multi-cloud and AI networking capabilities.
• Positive Sentiment: The appointment of John M. Hinshaw to the board adds experience in enterprise technology, cybersecurity, digital transformation and operational execution, supporting Lumen’s strategy of serving AI-related infrastructure demand. Lumen Appoints John M. Hinshaw to Board
• Negative Sentiment: Despite beating estimates, revenue declined 9.3% year over year, and the company remained unprofitable. The quarterly loss also widened from $0.03 per share in the prior-year period to $0.07, underscoring the execution and cash-flow risks investors continue to monitor.

Lumen Technologies Price Performance

Shares of Lumen Technologies stock opened at $6.75 on Wednesday. Lumen Technologies, Inc. has a 1 year low of $3.61 and a 1 year high of $11.95. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of -3.88 and a beta of 1.78. The company has a 50-day moving average of $7.70 and a 200 day moving average of $7.88.

Lumen Technologies (NYSE:LUMN) last announced its earnings results on Tuesday, August 4th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the business posted ($0.03) EPS. Lumen Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that Lumen Technologies, Inc. will post -0.39 EPS for the current year.

Lumen Technologies 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.