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Morningstar•September 19, 2024
Morningstar•September 19, 2024Lumen Technologies, Inc.: Lumen Earnings: Mostly Poor Results Are Inconsequential as Recent Contract Wins Suggest an Upturn
Symbols
LUMNSector(s)
Communication Services
Rating
Current Price
$6.73
Fair Value
Economic Moat
Stewardship
Summary
With 450,000 route miles of fiber, Lumen Technologies is one of the United States’ largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company’s operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportat
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Analyst Profile
Matthew Dolgin
Equity AnalystMatthew Dolgin is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers companies in the technology sector.Before joining Morningstar in 2016, Dolgin was a compliance examiner for the National Futures Association.Dolgin holds a bachelor’s degree in kinesiology from Northern Illinois University, a master’s degree in business administration from the University of Notre Dame, and a juris doctor degree from the Illinois Institute of Technology’s Chicago-Kent College of Law. He holds the Chartered Financial Analyst® designation.