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Lumen Technologies, Inc. (LUMN)

Communication Services | Telecom Services | Monroe, United States | NYSE
6.04 USD -0.10 (-1.629%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 6.10 +0.06 (0.993%) ⇧ (Aug. 28, 2026, 7:53 p.m. EDT)
Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★☆☆☆☆
Hot Take ↕ | Aug. 22, 2026, 4:17 a.m. EDT

The investment case for Lumen is currently broken by a severe deterioration in business fundamentals. The company is trading at a negative book value with negative earnings and a trailing P/E that is mathematically impossible (-20x), reflecting a total loss of shareholder capital. Revenue is shrinking by nearly 10%, and operating margins remain deeply negative, signaling that the core business is failing to generate enough cash to cover its massive debt load. The price history confirms this structural decay, showing an 84% drop over the last nine years, with the most recent annual performance still in the red. Despite a recent surge in stock price, the underlying reality is a distressed asset with no clear path to profitability. The options market agrees, with traders aggressively buying deep out-of-the-money puts, betting on further collapse. There is no margin of safety here; the market has already priced in the worst-case scenario, and the balance sheet remains fragile. This is a 'avoid' situation where the pain of holding the stock far outweighs any speculative hope of a turnaround.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.369801
MSTL0.380104
AutoTheta0.506122
AutoARIMA0.611942

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 36%
H-stat 5.63
Ljung-Box p 0.000
Jarque-Bera p 0.140
Excess Kurtosis -0.79
Attribute Value
Sector Communication Services
Ex Dividend Date 2022-08-28
Last Dividend Date 2022-08-28
Revenue per Share 11.846
Market Cap 6,223,078,400
Forward P/E -20.38
Beta 1.81
Profit Margins -8.65%
Previous Name CenturyLink, Inc.
Website https://www.lumen.com

As of Aug. 22, 2026, 4:17 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 1.5, 2.5, 3.0) and significant volume spikes in low strikes. While there is some call activity at higher strikes (11.0, 12.0, 22.0), the overwhelming weight of the options chain suggests a fear of a continued decline rather than a belief in a recovery. Implied volatility is significantly elevated for downside strikes compared to calls, indicating the market prices in a high probability of further losses.

Dividend Data

Dividend History
Date Dividend Yield %
2022-08-29 0.250000 2.429543
2022-05-27 0.250000 2.000000
2022-03-07 0.250000 2.340824
2021-11-26 0.250000 1.895375
2021-08-27 0.250000 2.088555
2021-05-28 0.250000 1.806358
2021-03-05 0.250000 1.855976
2020-11-27 0.250000 2.390057
2020-08-28 0.250000 2.274795
2020-05-29 0.250000 2.543235
2020-03-06 0.250000 2.088555
2019-11-29 0.250000 1.725328
2019-08-29 0.250000 2.210433
2019-05-31 0.250000 2.392345
2019-03-11 0.250000 2.025932
2018-11-23 0.540000 3.020134
2018-08-30 0.540000 2.490775
2018-06-01 0.540000 3.043968
2018-03-02 0.540000 3.112392
2017-11-24 0.540000 3.901734
2017-08-31 0.540000 2.738337
2017-06-01 0.540000 2.087360
2017-03-01 0.540000 2.246256
2016-11-23 0.540000 2.213115
2016-08-31 0.540000 1.942446
2016-05-26 0.540000 2.027788
2016-03-02 0.540000 1.733547
2015-11-20 0.540000 1.983107
2015-09-03 0.540000 2.017183
2015-05-29 0.540000 1.624549
2015-03-04 0.540000 1.489655
2014-11-20 0.540000 1.333333
2014-08-27 0.540000 1.324828
2014-06-05 0.540000 1.452394
2014-03-06 0.540000 1.731324
2013-11-21 0.540000 1.737452
2013-09-04 0.540000 1.661538
2013-05-30 0.540000 1.532785
2013-03-07 0.540000 1.563858
2012-12-07 0.725000 1.910912
2012-09-07 0.725000 1.729072
2012-06-01 0.725000 1.956815
2012-03-02 0.725000 1.857546
2011-12-02 0.725000 2.043405
2011-09-01 0.725000 2.113086
2011-06-02 0.725000 1.738192
2011-02-16 0.725000 1.699484
2010-12-03 0.725000 1.669353
2010-09-02 0.725000 2.004424
2010-06-04 0.725000 2.147512
2010-03-05 0.725000 2.171959
2009-11-30 0.700000 1.966845
2009-09-03 0.700000 2.257336
2009-06-12 0.700000 2.183406
2009-03-13 0.700000 2.795527
2008-11-28 0.700000 2.635542
2008-09-05 0.700000 1.823392
2008-07-02 0.632000 1.834010
2008-06-09 0.068000 0.189785
2008-03-06 0.068000 0.197388
2007-11-23 0.065000 0.153230
2007-08-30 0.065000 0.136986
2007-05-31 0.065000 0.131526
2007-03-08 0.065000 0.147392
2006-11-22 0.063000 0.151515
2006-08-31 0.063000 0.158212
2006-06-01 0.063000 0.173172
2006-03-02 0.063000 0.171662
2005-11-30 0.060000 0.181269
2005-08-31 0.060000 0.167131
2005-06-01 0.060000 0.184615
2005-03-02 0.060000 0.175953
2004-12-01 0.058000 0.174804
2004-09-02 0.058000 0.175917
2004-06-03 0.058000 0.195814
2004-03-04 0.058000 0.199518
2003-11-26 0.055000 0.168453
2003-09-04 0.055000 0.154494
2003-06-05 0.055000 0.158960
2003-03-06 0.055000 0.207861
2002-11-27 0.053000 0.171688
2002-09-05 0.053000 0.207436
2002-05-30 0.053000 0.172190
2002-03-07 0.053000 0.155516
2001-11-28 0.050000 0.149745
2001-08-29 0.050000 0.143390
2001-05-30 0.050000 0.180310
2001-03-08 0.050000 0.173010
2000-11-29 0.048000 0.134737
2000-08-30 0.048000 0.168791
2000-05-31 0.048000 0.177778
2000-03-03 0.048000 0.136412
1999-12-01 0.045000 0.099174
1999-09-01 0.045000 0.112324
1999-06-02 0.045000 0.111283
1999-03-03 0.045333 0.106353
1998-12-02 0.043333 0.113909
1998-09-02 0.043333 0.141303
1998-06-04 0.043333 0.140920
1998-03-05 0.043556 0.169699
1997-12-03 0.040889 0.200545
1997-09-03 0.040889 0.240917
1997-06-04 0.040889 0.306668
1997-03-05 0.040889 0.289765
1996-12-04 0.040000 0.280156
1996-09-04 0.040000 0.273764
1996-06-05 0.040000 0.269663
1996-02-29 0.040000 0.267658
1995-11-29 0.036444 0.261351
1995-08-30 0.036444 0.291552
1995-05-26 0.036444 0.283979
1995-02-27 0.036444 0.267752
1994-11-28 0.035556 0.262298
1994-08-29 0.035556 0.266670
1994-05-27 0.035556 0.307696
1994-02-28 0.035556 0.307696
1993-11-29 0.034222 0.311109
1993-08-30 0.034222 0.262126
1993-05-28 0.034222 0.266665
1993-03-01 0.034222 0.254544
1992-11-30 0.032593 0.269117
1992-08-31 0.032593 0.337169
1992-06-01 0.032593 0.366671
1992-03-02 0.032593 0.312061
1991-12-02 0.031704 0.389095
1991-08-30 0.031704 0.400004
1991-05-28 0.031704 0.380448
1991-03-04 0.031704 0.358162
1990-12-10 0.031111 0.349999
1990-08-27 0.031111 0.428570
1990-05-29 0.031111 0.371680
1990-03-05 0.031111 0.392522
1989-11-27 0.030222 0.337188
1989-08-28 0.030222 0.329030
1989-05-30 0.030222 0.361059
1989-02-27 0.029630 0.401343
1988-11-29 0.029630 0.558147
1988-08-30 0.029630 0.714295
1988-05-24 0.028971 0.742611
1988-02-25 0.028971 0.921460
1987-11-20 0.028313 1.139083
1987-08-31 0.028313 0.882059
1987-05-22 0.028313 1.354342
1987-03-02 0.027654 1.112570
Additional Data
exDividendDate 2022-08-29
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.25
lastDividendDate 2022-08-29
dividendDate 2022-09-09

Info Dump

Attribute Value
52 Week Change 0.2818371
Address1 100 CenturyLink Drive
All Time High 49.94
All Time Low 0.78
Ask 6.15
Ask Size 1,700
Audit Risk 1
Average Analyst Rating 3.0 - Hold
Average Daily Volume10 Day 10,764,950
Average Daily Volume3 Month 13,271,546
Average Volume 13,271,546
Average Volume10Days 10,764,950
Beta 1.813
Bid 6.02
Bid Size 20,800
Board Risk 1
Book Value -1.444
City Monroe
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.04
Current Ratio 0.964
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 6.175
Day Low 5.96
Display Name Lumen
Dividend Date 1,662,681,600
Earnings Call Timestamp End 1,785,877,200
Earnings Call Timestamp Start 1,785,877,200
Earnings Timestamp 1,785,873,600
Earnings Timestamp End 1,793,304,000
Earnings Timestamp Start 1,793,304,000
Ebitda 2,235,000,064
Ebitda Margins 0.18889
Enterprise To Ebitda 7.986
Enterprise To Revenue 1.509
Enterprise Value 17,848,930,304
Eps Current Year -0.81187
Eps Forward -0.2964
Eps Trailing Twelve Months -1.01
Esg Populated 0
Ex Dividend Date 1,661,731,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 6.6704
Fifty Day Average Change -0.6304002
Fifty Day Average Change Percent -0.0945071
Fifty Two Week Change Percent 28.18371
Fifty Two Week High 11.95
Fifty Two Week High Change -5.91
Fifty Two Week High Change Percent -0.49456066
Fifty Two Week Low 4.57
Fifty Two Week Low Change 1.4699998
Fifty Two Week Low Change Percent 0.32166296
Fifty Two Week Range 4.57 - 11.95
Financial Currency USD
First Trade Date Milliseconds 322,151,400,000
Five Year Avg Dividend Yield 11.94
Float Shares 948,496,565
Forward Eps -0.2964
Forward P E -20.377867
Free Cashflow 2,116,249,984
Full Exchange Name NYSE
Full Time Employees 24,000
Fullday Change -0.0999999
Fullday Change Percent -1.62866
Fullday Price 6.1
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.47794
Gross Profits 5,655,000,064
Has Pre Post Market Data 1
Held Percent Insiders 0.080249995
Held Percent Institutions 0.72239
Implied Shares Outstanding 1,030,311,070
Industry Telecom Services
Industry Disp Telecom Services
Industry Key telecom-services
Ir Website http://ir.centurylink.com/phoenix.zhtml?c=112635&p=irol-IRHome
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,661,731,200
Last Dividend Value 0.25
Last Fiscal Year End 1,767,139,200
Last Split Date 922,924,800
Last Split Factor 3:2
Long Business Summary Lumen Technologies, Inc., a networking company, provides integrated products and services to business and mass customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber and conduit, edge cloud, internet protocol (IP), voice over IP, managed security, software-defined wide area networks, unified communications and collaboration, and optical services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice and private line; other legacy services, such as Synchronous Optical Network (SONET) based ethernet, legacy data hosting services, and conferencing services; and managed and professional service solutions, as well as sells communications equipment. The company also provides high speed and lower speed broadband service to residential and small business customers; local and long-distance voice services, professional services, and other ancillary services; and federal broadband and state support programs. It serves its products and services under the Lumen, CenturyLink, Black Lotus Labs, and Quantum Fiber brand name. The company was formerly known as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.
Long Name Lumen Technologies, Inc.
Market us_market
Market Cap 6,223,078,400
Market State CLOSED
Max Age 86,400
Message Board Id finmb_260149
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-08-29
Net Income To Common -1,024,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 6,333,074,780
Number Of Analyst Opinions 10
Open 6.155
Operating Cashflow 5,367,000,064
Operating Margins -0.02888
Overall Risk 1
Payout Ratio 0.0
Peg Ratio 17.14
Phone 318 388 9000
Post Market Change 0.059999943
Post Market Change Percent 0.99337655
Post Market Price 6.1
Post Market Time 1,787,961,219
Prev Name CenturyLink, Inc.
Previous Close 6.14
Price Eps Current Year -7.439615
Price Hint 2
Price To Book -4.1828256
Price To Sales Trailing12 Months 0.5259532
Profit Margins -0.086540006
Quick Ratio 0.77
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.0
Region US
Regular Market Change -0.0999999
Regular Market Change Percent -1.62866
Regular Market Day High 6.175
Regular Market Day Low 5.96
Regular Market Day Range 5.96 - 6.175
Regular Market Open 6.155
Regular Market Previous Close 6.14
Regular Market Price 6.04
Regular Market Time 1,787,947,202
Regular Market Volume 10,716,499
Return On Assets -0.008719999
Revenue Growth -0.093
Revenue Per Share 11.846
Sand P52 Week Change 0.20504117
Sector Communication Services
Sector Disp Communication Services
Sector Key communication-services
Share Holder Rights Risk 4
Shares Outstanding 1,030,311,070
Shares Percent Shares Out 0.061300002
Shares Short 63,186,283
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 63,476,252
Short Name Lumen Technologies, Inc.
Short Percent Of Float 0.0725
Short Ratio 4.72
Source Interval 15
State LA
Symbol LUMN
Target High Price 9.0
Target Low Price 5.9
Target Mean Price 7.64
Target Median Price 7.5
Total Cash 1,876,000,000
Total Cash Per Share 1.819
Total Debt 13,495,000,064
Total Revenue 11,832,000,512
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -1.01
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.80975
Two Hundred Day Average Change -1.7697501
Two Hundred Day Average Change Percent -0.22660778
Type Disp Equity
Volume 10,716,499
Website https://www.lumen.com
Zip 71,203