Raymond James slashes price target on Lumen Technologies Inc [LUMN] – find out why.

Lumen Technologies Inc [NYSE: LUMN] closed the trading session at $1.50. The company report on February 8, 2024 at 8:47 AM that Government Sector is Top Targeted Industry for DDoS Attacks in Q4 2023.

Lumen Quarterly DDoS & Application Threat Report reveals the latest trends and insights on cyberattacks and AI threats.

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The government sector experienced a surge of DDoS attacks in Q4 according to Lumen Technologies (NYSE: LUMN), a global leader in integrated network and cybersecurity solutions. The Lumen Quarterly DDoS & Application Threat Report for Q4 2023 analyzes data from its DDoS mitigation platform and application protection partner, ThreatX, to provide an overview of the DDoS and application-layer attacks that targeted organizations in the last quarter of 2023.

The stocks have a year to date performance of -16.94 percent and weekly performance of 16.92 percent. The stock has been moved at -19.58 percent over the last six months. The stock has performed -10.59 percent around the most recent 30 days and changed 16.92 percent over the most recent 3-months.

If compared to the average trading volume of 0.79 shares, LUMN reached to a volume of 15.35M in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $1.61 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 3.85. 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.

Raymond James have made an estimate for Lumen Technologies Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 06, 2023.

The Average True Range (ATR) for Lumen Technologies Inc is set at 0.13, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 2.21.

LUMN stock trade performance evaluation

Lumen Technologies Inc [LUMN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.92. With this latest performance, LUMN shares dropped by -10.59% in over the last four-week period, additionally sinking by -19.58% over the last 6 months – not to mention a drop of -61.52% 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 55.53, with the RSI for the last a single of trading hit 63.15, and the three-weeks RSI is set at 52.67 for Lumen Technologies Inc [LUMN]. The present Moving Average for the last 50 days of trading for this stock 1.5442, while it was recorded at 1.4220 for the last single week of trading, and 1.6811 for the last 200 days.

Lumen Technologies Inc [LUMN]: An insightful look at the core fundamentals

Lumen Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.35.

Earnings per share (EPS) analysis for Lumen Technologies Inc [LUMN] stock

With the latest financial reports released by the company, Lumen Technologies Inc posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LUMN.

Lumen Technologies Inc [LUMN]: Institutional Ownership

The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LUMN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LUMN stock with ownership which is approximately 5.8325%.