Lumen Q2 revenue falls less than expected
LUMN•Analyst coverage and valuation
The current average analyst rating on the shares is hold, with 1 strong buy or buy, 10 hold, and 2 sell or strong sell ratings.
The average consensus recommendation for the integrated telecommunications services peer group is buy.
Wall Street's median 12-month price target for Lumen Technologies Inc is $8.40, about 30.2% above its August 3 closing price of $6.45.
Q2 results beat revenue and loss estimates
Lumen Technologies said second-quarter revenue fell 9% year over year, but came in above analyst expectations at $2.81 billion versus the consensus estimate of $2.77 billion.
The company also reported an adjusted loss per share of $0.07, better than the expected $0.14. Reported loss per share was $0.20.
Digital networking demand drives mix improvement
Lumen said strategic revenue rose to , up from , driven by increased adoption of digital networking solutions.
