LUMEN TECHNOLOGIES INC

07 Aug

Lumen Technologies Debt Rallies After Stock Jump, AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Bonds, Cash Flow, Debt, Earnings, finance, LUMEN TECHNOLOGIES INC, Markets, Technology, Telecommunication Services, US Dollar Spot

Lumen Technologies Inc. debt rallied alongside a meteoric rise in the company’s stock after it announced higher demand for its services as a result of the artificial intelligence boom. The telecommunications company’s 4% bond maturing in 2027 rose 7.5 points on Tuesday to 72 cents on the dollar, according to Trace bond trading data. Notes tied to its Level 3 unit due 2028 jumped 10.5 points to 67.5 cents on the dollar the same day. Source link lol

06 Aug

Lumen Technologies Extends Record Rally on AI Hopes

stp2y0 CommentsRAG modelsAMAZON.COM INC, artificial intelligence, Capital Expenditures, Cash Flow, Earnings, JULY SARL/CAEN, LUMEN TECHNOLOGIES INC, MICROSOFT CORP, NVIDIA CORP, Technology, Wall Street

Lumen Technologies Inc. shares surged as much as 93% in post-market trading Tuesday, extending gains after notching a record one-day jump in the regular session.Driving the gains was excitement over artificial intelligence and its ability to translate into results for the company. In earnings released after the bell Tuesday, Lumen raised its forecast for free cash flow for the year, saying it expected between $1 billion and $1.2 billion. Previously, it had forecast free cash flow between $100 million and $300 million. Wall Street analysts covering the company expected the forecast to be about $217 billion, data compiled by Bloomberg…