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LUMN News22 articles
Lumen Technologies Tumbles 13% on $1B Debt Sale, Alkira Buyout
Lumen Technologies shares fell 13% after its Level 3 unit priced $1 billion in 7.5% senior notes due 2037, highlighting balance sheet concerns amid a $475 million Alkira acquisition.
Sivers Semiconductors Surges 47% on Nasdaq Dual-Listing Progress and AI Photonics Bet
Sivers Semiconductors shares surged 47% to SEK 55.95, extending 2024 gains past 1,200%, as the company progresses toward a Nasdaq New York dual listing and a SEK 125 million share issue.
Lumen Technologies Q1 Earnings Preview: AI-Driven Strategy Faces Revenue Decline
Lumen Technologies is set to report its first-quarter earnings on May 5, with expectations of a loss as the company shifts focus to AI and enterprise fiber.
Lumentum Faces AI Demand Test as Earnings Approach After BlackRock Filing
Lumentum shares rose 4.1% to $881.64 ahead of its May 5 earnings report, as BlackRock disclosed a 7.3% stake and analysts raised price targets on AI data-center demand.
AT&T Gains on Dividend, Q1 Cash Flow in Focus Ahead of Earnings
AT&T shares advanced following its dividend declaration, but Wall Street is focused on first-quarter cash flow projections and the company's execution of its fiber and 5G strategy ahead of April earnings.
Lumentum's AI Sales Surge 90% but Stock Falls on Revenue Miss
Lumentum's fiscal Q3 revenue surged 90% year over year to $808.4M, driven by AI demand, but the stock dropped 5% on a slight revenue miss and supply bottlenecks.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
Lumentum Shares Surge as Analysts Boost Targets on Nvidia AI Optics Deal
Lumentum Holdings Inc. shares advanced after JPMorgan and Mizuho Securities increased their price targets, citing strong AI-driven optics demand following a major strategic investment and supply agreement with Nvidia.
Lumentum Earnings Preview: AI Optics Demand in Focus
Lumentum Holdings is set to report fiscal third-quarter results on May 5, with investors focused on its capacity to meet soaring demand for optical components critical for AI data centers.
Lumentum Surges on $1.25B AI Revenue Target, Backed by Nvidia
Lumentum shares soared after projecting a path to $1.25 billion in quarterly revenue from AI data-center demand, buoyed by a $2 billion investment from Nvidia. Rival Coherent also gained, forecasting a $70 billion datacenter market by 2030.
Lumentum Surges on S&P 500 Inclusion, Fueled by Nvidia AI Partnership
Lumentum Holdings shares rallied over 10% on news of its upcoming inclusion in the S&P 500 index, extending gains driven by a major strategic partnership with Nvidia focused on AI photonics.
Lumentum Shares Stabilize After Nvidia's $2 Billion AI Optics Deal
Lumentum Holdings shares found firmer footing after initial volatility triggered by Nvidia's substantial investment and purchase commitment for advanced optical components. Market attention now shifts to the company's upcoming investor briefing for expansion specifics.
Nvidia Invests $2 Billion in Lumentum for AI Data Center Optics
Lumentum Holdings shares surged 11.8% in premarket trading after Nvidia announced a $2 billion investment and supply agreement focused on AI data center optics. Stifel raised its price target on LITE to $800.
Lumentum CFO Files to Sell $3.66M in Shares Ahead of Key Investor Events
Lumentum Holdings Inc. CFO Wajid Ali has filed to sell 5,302 shares, a transaction valued at roughly $3.66 million. The stock closed Friday at $700.91, up 3.5%, with key investor presentations scheduled for early March.
Lumentum Shares Surge on AI Infrastructure Rotation, Executive Sale
Lumentum shares climbed over 4% Friday, reaching a new intraday peak amid heavy trading volume. The move comes as capital rotates into AI infrastructure stocks, with optics and networking names benefiting.
Lumentum Insider Sales Near $600 Mark Precede Market Holiday
Lumentum Holdings Inc. director Penny Herscher sold approximately $2.39 million in company stock, with shares trading near $600, according to an SEC filing. The stock closed Friday down 3.6% at $562.74.
Lumentum Shares Decline Following Insider Transactions, Market Eyes Fed Minutes
Lumentum Holdings shares dropped 3.55% on Friday, extending losses after hours following SEC filings revealing stock sales by two company insiders. The broader market closed mixed ahead of the Presidents Day holiday.
Lumentum Shares Slide on Insider Transactions Ahead of Market Reopening
Lumentum Holdings declined 3.6% on Friday following regulatory disclosures of stock sales by senior leadership. U.S. markets reopen Tuesday after the Presidents Day holiday.
Lumentum Shares Slide in Extended Trading Ahead of Key Investor Conferences
Lumentum Holdings stock declined 2.8% in after-hours trading following a volatile session, as investors await management commentary at upcoming Susquehanna and Morgan Stanley events.
Lumentum Shares Retreat as AI-Driven Rally Pauses
Lumentum stock declined 2.4% following a recent surge tied to artificial intelligence and data-center spending. The company recently reported quarterly revenue of $665.5 million and issued an upbeat forecast.
Lumentum Shares Extend Rally on AI Infrastructure Demand
Lumentum Holdings surged nearly 5% Monday, leading a broader optics and networking stock rally. The move follows strong quarterly results and an upbeat outlook tied to data center expansion for artificial intelligence workloads.
Lumentum Surges 7% on AI Optics Demand, Convertible Debt Risk in Focus
Lumentum shares climbed over 7% Monday, extending gains on strong AI data-center optics forecasts. A recent filing highlighted liquidity risks if convertible note holders exercise early conversion rights amid the stock rally.