Lumen Technologies, Inc. (NYSE:LUMN – Get Free Report) CEO Kathleen E. Johnson bought 750,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $1.28 per share, for a total transaction of $960,000.00. Following the transaction, the chief executive officer now owns 7,756,290 shares in the company, valued at approximately $9,928,051.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Lumen Technologies Stock Up 2.3 %
Shares of LUMN stock opened at $1.32 on Friday. The firm’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.48. Lumen Technologies, Inc. has a 1 year low of $0.78 and a 1 year high of $2.70. The company has a current ratio of 1.03, a quick ratio of 1.35 and a debt-to-equity ratio of 36.89. The firm has a market capitalization of $1.34 billion, a P/E ratio of -0.12 and a beta of 1.16.
Lumen Technologies (NYSE:LUMN – Get Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.38 billion. Lumen Technologies had a positive return on equity of 4.06% and a negative net margin of 76.21%. The business’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities analysts predict that Lumen Technologies, Inc. will post -0.18 EPS for the current fiscal year.
Institutional Investors Weigh In On Lumen Technologies
Lumen Technologies Company Profile
Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.
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