Lumen Technologies Inc [LUMN] moved down -6.41: Why It’s Important

Lumen Technologies Inc [NYSE: LUMN] stock went on a downward path that fall over -6.41% on Monday, amounting to a one-week price decrease of less than -9.32%. The company report on March 26, 2024 at 11:06 AM that Lumen Disrupts Cybercriminals Targeting Home and Office Routers.

Black Lotus Labs reveals how TheMoon malware used end-of-life routers to power a notorious cybercrime service called Faceless, urges consumers to secure devices.

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Black Lotus Labs, Lumen Technologies’ (NYSE: LUMN) threat intelligence team, has identified a new multi-year campaign targeting end-of-life, or outdated small office/home office (SOHO) routers and IoT devices. An updated version of TheMoon malware has reemerged and is fueling a cybercriminal anonymity service called Faceless. Lumen has stopped all traffic to and from the infrastructures associated with TheMoon and Faceless across its global network. Small office routers continue to be a key target for cybercriminals. In less than two years, Black Lotus Labs has discovered six large malware campaigns using compromised SOHO routers.

Over the last 12 months, LUMN stock dropped by -44.49%. The one-year Lumen Technologies Inc stock forecast points to a potential upside of 13.1. The average equity rating for LUMN stock is currently 3.75, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.47 billion, with 1.01 billion shares outstanding and 984.81 million shares in the current float. Compared to the average trading volume of 13.95M shares, LUMN stock reached a trading volume of 11156900 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $1.68 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 3.75. 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. While these analysts kept the previous recommendation, Citigroup dropped their target price from $6.25 to $3.50. The new note on the price target was released on February 08, 2023, representing the official price target for Lumen Technologies Inc stock. Previously, the target price had yet another raise to $6, while Goldman analysts kept a Neutral rating on LUMN stock.

The Average True Range (ATR) for Lumen Technologies Inc is set at 0.12, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 3.53, with the Price to Cash per share for the same quarter was set at 2.22.

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 -9.32. With this latest performance, LUMN shares dropped by -9.88% in over the last four-week period, additionally plugging by 2.10% over the last 6 months – not to mention a drop of -44.49% 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 39.07, with the RSI for the last a single of trading hit 32.57, and the three-weeks RSI is set at 43.06 for Lumen Technologies Inc [LUMN]. The present Moving Average for the last 50 days of trading for this stock 1.5394, while it was recorded at 1.5520 for the last single week of trading, and 1.5896 for the last 200 days.

Insight into Lumen Technologies Inc Fundamentals:

Lumen Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.29.

LUMN Stock EPS

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] Institutonal Ownership Details

The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LUMN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LUMN stock with ownership which is approximately 5.8386%.