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The distressed company announced a big AI networking deal. Shares of broadband and fiber network operator Lumen Technologies (NYSE: LUMN) rocketed 75.2% higher this week, according to data from S ...
Lumen Technologies, Inc. (formerly CenturyLink, Inc.) is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, cloud solutions, voice and managed services through its fiber optic and copper networks, as well as its data centers and cloud computing services.
Lumen missed earnings expectations, but it actually had some great news for investors.
Revenue declined 3.4% over the first three months of the year to $17.6 billion.Price Action IBM shares traded 0.20% higher at $119.36 in the after-hours session on Thursday.
October 8, 2020 – IBM announced it was spinning off the Managed Infrastructure Services unit of its Global Technology Services division into a new public company, an action expected to be completed by the end of 2021. [231] November 3, 2021 Kyndryl. IBM distributed 80.1% of its Kyndryl shares to IBM shareholders.
An additional wave of layoffs was announced Jan. 4, bringing the total number of planned layoffs at Amazon to 18,000 — so far. The ecommerce giant is to begin advising affected workers starting ...
Lumen Technologies (NYSE: LUMN) stock is surging in today's trading. The telecommunications company's share price was up down 2.5% as of 2:30 p.m. ET, after having been up as much as 15.4% earlier ...