Investigation Launched Into Lumen Technologies for Potential Securities Fraud

August 8, 2023

Categories: Telecom ServicesTags: , , Views: 31

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The company provides a range of services including internet, voice, data and security services to business and residential customers across the United States. Recently, the firm Pomerantz LLP has launched an investigation into Lumen Technologies ($NYSE:LUMN), Inc. to determine whether the company has committed securities fraud. The investigation is examining whether Lumen Technologies or its officers or directors have issued false and/or misleading statements regarding the company’s business, operations and prospects. Additionally, the investigation is looking into whether the company has made material omissions in disclosure documents or failed to properly disclose potential conflicts of interest. The investigation is still ongoing at this time, and no conclusion has yet been reached regarding whether Lumen Technologies engaged in securities fraud.

However, given the potential ramifications of such an accusation, it is important that the investigation be conducted with the utmost care and attention to detail. Investors and shareholders will be monitoring the outcome of this investigation very closely in order to determine if they may be entitled to any form of compensation for their losses.

Stock Price

On Monday, the U.S. Securities and Exchange Commission (SEC) launched an investigation into Lumen Technologies for potential securities fraud. The company’s stock opened at $1.7 and closed at the same price, rising by 4.8% from the previous closing price of $1.7. This raised concerns among investors that the company may have violated antifraud laws by artificially inflating their stock price. The SEC is now conducting an inquiry into Lumen Technologies to determine whether the company has violated securities law.

If found guilty, the company could face hefty fines and legal actions from the SEC. This news has put a cloud of uncertainty over Lumen Technologies and it remains to be seen if the company will be able to weather this storm. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Lumen Technologies. More…

    Total Revenues Net Income Net Margin
    16.54k -1.64k 0.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Lumen Technologies. More…

    Operations Investing Financing
    3.96k 5.43k -8.62k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Lumen Technologies. More…

    Total Assets Total Liabilities Book Value Per Share
    45.53k 34.53k 10.94
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Lumen Technologies are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -9.3% -10.7% 0.9%
    FCF Margin ROE ROA
    5.3% 0.9% 0.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale’s analysis of LUMEN TECHNOLOGIES‘ financials revealed an intermediate health score of 6/10, suggesting that the company is likely to safely ride out any crisis without the risk of bankruptcy. According to our Star Chart, LUMEN TECHNOLOGIES holds a strong score in dividend and profitability, and a weaker score in asset and growth. Based on these findings, we classified LUMEN TECHNOLOGIES as a ‘cow’, a type of company that has proven to pay out consistent and sustainable dividends. With this kind of reliability, it’s no surprise that LUMEN TECHNOLOGIES may be attractive to dividend-seeking investors. Other investors may also be interested if they are seeking stability in a company with lower risks. However, investors looking for high-growth opportunities may not find LUMEN TECHNOLOGIES as appealing. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The telecommunications industry is fiercely competitive, with companies constantly vying for market share. Lumen Technologies Inc is no exception, and its competitors Vonage Holdings Corp, Intelsat SA, and GTT Communications Inc are all major players in the industry. While each company has its own strengths and weaknesses, they all share one common goal: to be the top telecommunications provider in the world.

    – Vonage Holdings Corp ($OTCPK:GTTNQ)

    GTT Communications Inc. is a global telecommunications provider. The company’s customer base includes Fortune 500 companies, service providers, and government organizations. GTT provides a portfolio of cloud networking services, including public and private peering, interconnection, Ethernet, IP VPN, and security. The company also offers voice services, including VoIP and SIP trunking.

    GTT has a market cap of 1.41M as of 2022. The company’s return on equity is 8.43%. GTT provides a variety of telecommunications services to its customer base of Fortune 500 companies, service providers, and government organizations. These services include cloud networking, voice, and data services.


    Investors should take note of the recent investigation into potential securities fraud by Lumen Technologies, Inc. On the same day, the stock price of Lumen Technologies moved up. It is important to research and consider potential risks before investing, particularly in light of this recent news. Investors should look for any developments from the investigation, as well as other factors such as management, financials, and market trends when deciding whether to buy or sell Lumen Technologies stock. Additionally, investors should stay up-to-date with news and events related to Lumen Technologies and the sector in which it operates in order to make informed decisions.

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