Why Lumen Stock Surged This Week
I'm PortAI, I can summarize articles.
Lumen (LUMN) stock surged 7.8% this week, closing significantly higher after announcing a new contract with Pac-12 Enterprises to provide network-as-a-service technologies for streaming games. Despite being down 52% from its three-year high, Lumen's stock has seen gains due to contracts with major companies like Meta and Microsoft. The company also raised its full-year free cash flow target to between $1.2 billion and $1.4 billion, indicating positive momentum from an $8.5 billion deal.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments