LUMN - Lumen Technologies: The Pressure Is On

2024-03-28 10:43:29 ET

Summary

• Lumen Technologies recently finalized its debt restructuring plan, improving its near-term debt maturity profile and strengthening liquidity.
• Analysts do not expect total revenue growth for Lumen in the next few years, and cash burn will be a key factor to watch moving forward.
• There is a lot of work left to be done on this turnaround if shares are to have any value in the long run.

One of the worst performing stocks in the market in recent years has been Lumen Technologies ( LUMN ). Shares of the communication services provider have lost a majority of their value as revenues have shrunk and the once strong dividend was eliminated due to financial concerns. Recently, the company finalized its large debt restructuring plan , which means it is time for management to get things going again....

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