Lumen Technologies slips as growth concerns overshadow surprise Q4 profit

Lumen Technologies

04/02/2026 14:46

** Shares of Lumen Technologies LUMN.N down 16% at $7.10

** Brokerage Raymond James downgrades stock to "market perform" from "outperform"; notes co's appointment of its third head of sales in three years can cause growth to pause before improving

** Co surprises with Q4 adj. EPS of 23 cents, compared with an expected loss of 27 cents - data compiled by LSEG

** LUMN reports Q4 revenue of $3.04 bln, in-line with analysts' estimates

** Three analysts covering stock rate it "buy", nine "hold" and two "sell", median PT at $8 - LSEG

** As of last close, LUMN stock was up 73.7% over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))