Network reliability is important for any telecom company; It goes almost without saying. This is a major reason that investors were happy to snap shares Lumen technologies ,Laman 1.17%, – After expanding its preparation for emergency situations, its stock was trading at a price of more than 10% till Thursday evening, according to the data compiled by the data compiled by Thursday evening. S&P Global Market Intelligence,
The worst is ready for
Lumen put those plans in a press release published on Monday morning. Across its rather huge enterprise network, the company said it is using state -of -the -art techniques Artificial intelligence And geophysic monitoring to keep customers connected in emergency situations.
Image Source: Getty Image.
Disaster preparations are especially a matter of concern these days, as the US has recently surrounded by high-to-normal sets of disasters. In 2024, according to the National Center for Environmental Information (NCEI), the country faced 27 seasons or climate disasters, which is three times the annual average from 1980 to 2024. Each loss due to these tops is $ 1 billion.
Lumen said that its preparation efforts are enhanced by partnership with state and federal officials, including the Federal Emergency Management Agency (FEMA).
Price target raised by analyst
Lumen stock also got a boost in the middle of the week when an analyst raised its price target on it. Sam MCHUGH of BNP Paribas shared its fair price assessment of the previous $ 3.51 per $ 4 per, although he retained his neutral recommendation.
According to reports, in its analysis, McHug said that the company is facing “disconnect” more than customers, but the giant colleague pending sales of $ 5.75 billion of its fiber business. AT and T It will allow it to pay some of its indebtedness.
Lumen is a Legacy landline telecom operation and has been struggling for years to succeed in a mobile dominated world. Loss of revenue and frequent lower-line indicates that this may not be the best way to move forward. Personally, this stock is not a purchase for me.
Eric volkman There is no situation in any shares mentioned. There is no situation in any stock mentioned by the micle flower. Motley is near the flower Disclosure policy,
