Lumen Technologies Strengthens Net Operating Loss Rights Plan for Three More Years
November 21, 2023
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Lumen Technologies ($NYSE:LUMN) has announced the extension of their Net Operating Loss Rights Plan for a further three years. This plan is an important tool that helps to strengthen their financial position and ensure their long-term success. Lumen Technologies, formerly known as CenturyLink, is a global communication services company that provides internet, voice, managed IT, network, and cloud-based services to customers around the world. They are currently the second largest provider of communication services in the US and the world’s largest business-class cloud provider.
It provides additional protection against losses, by allowing them to carry forward any losses incurred in the current year to future years. This helps to strengthen their financial position and allows them to continue investing in growth initiatives. Furthermore, the extension of the plan for a further three years provides additional security and helps ensure that Lumen Technologies can continue to operate successfully in the future.
Share Price
This plan provides additional economic protection to LUMEN TECHNOLOGIES stockholders by helping to prevent a hostile takeover, and also allows for a tax benefit for stockholders. As a result of this announcement, LUMEN TECHNOLOGIES stock opened at $1.3 and closed at $1.4, up by 2.2% from the previous closing price of $1.4. This news represents a positive sign of the company’s commitment to protecting its stockholders, and gives investors more assurance in the future growth of LUMEN TECHNOLOGIES. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lumen Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 14.84k | -11.37k | -13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lumen Technologies. More…
| Operations | Investing | Financing |
| 2.22k | 2.65k | -4.78k |
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 |
| 35.92k | 33.7k | 2.2 |
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 |
| -12.1% | -23.7% | -68.3% |
| FCF Margin | ROE | ROA |
| -6.0% | -281.2% | -17.6% |
Analysis
At Goodwhale, we help investors analyze the fundamentals of LUMEN TECHNOLOGIES. Our Star Chart gives it an intermediate health score of 6/10 considering its cashflows and debt, suggesting that it is likely to pay off debt and fund future operations. Further analysis shows that LUMEN TECHNOLOGIES is strong in asset, profitability, but weak in dividend and growth. Based on our research, we classify LUMEN TECHNOLOGIES as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Investors who are looking for a company with strong fundamentals and a good balance sheet may be interested in LUMEN TECHNOLOGIES. More…
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.
Summary
Lumen Technologies has extended its net operating loss (NOL) rights plan for another three years. This plan allows the company to retain the ability to use its NOLs to offset future taxable income and reduce its overall tax burden. The extended plan is seen as a positive sign for investors as it shows the company is committed to preserving the value of their NOLs and optimizing their long-term financial performance.
Additionally, the extended plan serves as an indication of Lumen’s financial health and stability. Investors should also keep an eye on Lumen’s other corporate activities such as announcements of mergers and acquisitions, partnerships, and new products, all of which can have a positive impact on the company’s stock price.
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