Lumen Technologies, Inc.
Market Cap
11B
Short interest (May 15)
5.5%
Net Short (Jun 03 ): 0.0%
Borrow Fee
0.41%
↑ 28.3%
Available Shares
10M
↑ 100.0%
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Company Overview
Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company's operations away from the legacy consumer business and toward enterprise services, which account for about 85%-90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access.
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