Lumen Technologies Inc. [LUMN] Revenue clocked in at $18.52 billion, down -58.25% YTD: What’s Next?

Lumen Technologies Inc. [NYSE: LUMN] price surged by 0.96 percent to reach at $0.05. The company report on December 7, 2022 that Lumen expands Genesys partnership to offer holistic, cloud-based solution for contact centers.

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Lumen’s global network now paired with experience-orchestration capability from Genesys.

Contact centers are looking to transition quickly from physical, on-premises solutions to cloud-based and hybrid models. This helps them gain flexibility, data security, functionality, and reduced costs, and it is why Lumen Technologies® (NYSE: LUMN) today announced the launch of Lumen Solutions for Contact Center – Genesys Cloud. The new service is the result of Lumen’s expanded partnership with Genesys®,  the global cloud leader in experience orchestration and one of the world’s premier contact center technology providers.

A sum of 14819371 shares traded at recent session while its average daily volume was at 24.14M shares. Lumen Technologies Inc. shares reached a high of $5.3089 and dropped to a low of $5.12 until finishing in the latest session at $5.24.

The one-year LUMN stock forecast points to a potential upside of 22.14. The average equity rating for LUMN stock is currently 3.30, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Lumen Technologies Inc. [LUMN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUMN shares is $6.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUMN stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Lumen Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 06, 2022. The new note on the price target was released on October 05, 2022, representing the official price target for Lumen Technologies Inc. stock. Previously, the target price had yet another raise to $10, while JP Morgan analysts kept a Underweight rating on LUMN stock.

The Average True Range (ATR) for Lumen Technologies Inc. is set at 0.23, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for LUMN in the course of the last twelve months was 3.74 with Quick ratio for the last quarter at 1.10.

LUMN Stock Performance Analysis:

Lumen Technologies Inc. [LUMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.14. With this latest performance, LUMN shares dropped by -10.88% in over the last four-week period, additionally sinking by -53.91% over the last 6 months – not to mention a drop of -59.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUMN stock in for the last two-week period is set at 36.55, with the RSI for the last a single of trading hit 36.17, and the three-weeks RSI is set at 36.42 for Lumen Technologies Inc. [LUMN]. The present Moving Average for the last 50 days of trading for this stock 6.06, while it was recorded at 5.26 for the last single week of trading, and 9.39 for the last 200 days.

Insight into Lumen Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Lumen Technologies Inc. [LUMN] shares currently have an operating margin of +21.77 and a Gross Margin at +35.41. Lumen Technologies Inc.’s Net Margin is presently recorded at +10.33.

Return on Equity for this stock inclined to 17.68, with Return on Assets sitting at 3.46.

Lumen Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Lumen Technologies Inc. [LUMN] Insider Position Details

There are presently around $4,329 million, or 80.90% of LUMN stock, in the hands of institutional investors. The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 118,383,245, which is approximately -0.251% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 97,039,289 shares of the stock with an approximate value of $508.49 million in LUMN stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $373.5 million in LUMN stock with ownership of nearly -1.901% of the company’s market capitalization.

Positions in Lumen Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 420 institutional holders increased their position in Lumen Technologies Inc. [NYSE:LUMN] by around 45,595,119 shares. Additionally, 319 investors decreased positions by around 48,351,003 shares, while 139 investors held positions by with 732,184,312 shares. The mentioned changes placed institutional holdings at 826,130,434 shares, according to the latest SEC report filing. LUMN stock had 78 new institutional investments in for a total of 7,895,102 shares, while 96 institutional investors sold positions of 8,603,076 shares during the same period.

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