Lumen Technologies (NYSE:LUMN) Reaches New 12-Month Low – Here’s Why

Posted by Geri Gentry on Oct 18th, 2026

Lumen Technologies, Inc. (NYSE:LUMN – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday. The company traded as low as $4.38 and last traded at $4.87, with a volume of 34,659,664 shares trading hands. The stock had previously closed at $4.55.

Wall Street Analysts Forecast Growth

LUMN has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on Lumen Technologies from $8.50 to $7.25 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Wells Fargo & Company cut their target price on Lumen Technologies from $9.00 to $7.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a research report on Friday, July 17th. Finally, Citigroup decreased their price target on Lumen Technologies from $10.00 to $8.25 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $7.86.

Get Our Latest Analysis on Lumen Technologies

Lumen Technologies Trading Down 4.5%

The company’s fifty day simple moving average is $6.09 and its 200 day simple moving average is $7.33. The stock has a market capitalization of $4.80 billion, a P/E ratio of -4.56 and a beta of 1.84.

Lumen Technologies (NYSE:LUMN – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) earnings per share. Equities research analysts predict that Lumen Technologies, Inc. will post -0.54 earnings per share for the current year.

Insiders Place Their Bets

In other Lumen Technologies news, CEO Kathleen Johnson purchased 100,000 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $6.13 per share, with a total value of $613,000.00. Following the acquisition, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $613,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumen Technologies

Several institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in Lumen Technologies in the 1st quarter worth approximately $27,000. Versant Capital Management Inc boosted its stake in Lumen Technologies by 90.3% in the second quarter. Versant Capital Management Inc now owns 3,920 shares of the technology company’s stock worth $30,000 after buying an additional 1,860 shares in the last quarter. Trust Asset Management LLC bought a new position in Lumen Technologies during the second quarter valued at approximately $34,000. Triumph Capital Management grew its position in Lumen Technologies by 2,110.2% during the second quarter. Triumph Capital Management now owns 5,614 shares of the technology company’s stock valued at $43,000 after acquiring an additional 5,360 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Lumen Technologies during the second quarter valued at approximately $45,000. 66.19% of the stock is currently owned by institutional investors.

About Lumen Technologies

(Get Free Report)

Lumen Technologies, Inc is a telecommunications and technology company that provides connectivity, networking, cloud, security and communications services to businesses, government organizations and other customers. Its offerings include fiber-based internet access, wide-area networking, software-defined networking, managed network services, cybersecurity, voice and unified communications, and data center and edge-computing solutions.

The company also serves residential customers in selected U.S.