Lumen Technologies (NYSE:LUMN) Price Target Lowered to $7.50 at Wells Fargo & Company

Lumen Technologies (NYSE:LUMN) had its price objective cut by research analysts at Wells Fargo & Company from $9.00 to $7.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 23.76% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their price objective 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. UBS Group lifted their target price on Lumen Technologies from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research lowered Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. TD Cowen upped their price target on Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lumen Technologies in a report on Friday, July 17th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $8.11.

Lumen Technologies Price Performance

Shares of Lumen Technologies stock traded down $0.65 during midday trading on Wednesday, hitting $6.06. The company had a trading volume of 8,028,409 shares, compared to its average volume of 13,504,690. Lumen Technologies has a 1-year low of $3.63 and a 1-year high of $11.95. The business’s 50 day simple moving average is $7.70 and its two-hundred day simple moving average is $7.88. The stock has a market cap of $6.24 billion, a PE ratio of -3.48 and a beta of 1.78.

Lumen Technologies (NYSE:LUMN) last released its earnings results on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. Lumen Technologies’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) earnings per share. On average, sell-side analysts expect that Lumen Technologies will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Lumen Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Lumen Technologies by 324.7% during 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Lumen Technologies by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,390,473 shares of the technology company’s stock valued at $142,894,000 after buying an additional 473,242 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Lumen Technologies by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,994,640 shares of the technology company’s stock worth $104,156,000 after buying an additional 144,664 shares in the last quarter. Norges Bank acquired a new position in Lumen Technologies during the 4th quarter worth about $106,557,000. Finally, Front Street Capital Management Inc. grew its holdings in Lumen Technologies by 1.1% during the 2nd quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company’s stock worth $52,425,000 after acquiring an additional 132,131 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

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, beating the $0.13–$0.15 analyst estimates. Revenue of $2.81 billion also exceeded expectations of approximately $2.74 billion. Lumen Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Strategic Business revenue increased 14.1% year over year and now represents more than half of the Business segment, reflecting progress in higher-margin digital networking services. Lumen reaffirmed its full-year outlook, including expected free cash flow of $1.9 billion to $2.1 billion. Lumen Q2: Another Step Forward
• Positive Sentiment: Demand for cloud connectivity and AI workloads is supporting Lumen’s digital transformation. The company is using its Alkira acquisition to expand multi-cloud and AI networking capabilities, potentially creating a new growth opportunity. Lumen Beats Revenue Estimates on Strong Digital Networking Demand
• Positive Sentiment: Lumen appointed John M. Hinshaw, a former technology and operations executive at HSBC, Hewlett-Packard, Boeing, and Verizon Wireless, to its board. His experience in technology, security, risk management, and operational execution supports the company’s AI-networking strategy. Lumen Appoints John M. Hinshaw to Its Board
• Neutral Sentiment: Management’s strategic revenue growth is being offset by the continued decline of legacy services, leaving investors to assess how quickly newer businesses can replace shrinking traditional revenue.
• Negative Sentiment: Total revenue fell 9.3% year over year to $2.81 billion, while Lumen posted a $201 million net loss. Overall EBITDA remains under pressure as the company winds down legacy operations. Lumen Q2 2026 Earnings Call Highlights

About Lumen Technologies

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.