Lumen Q2: Another Step Forward

Lumen Technologies delivered a second straight revenue beat, with Q2 revenues beating estimates despite a 9% YoY decline. Strategic Business revenues, now over half of the Business segment, grew by 14.1%, supporting the company’s digital transformation. LUMN maintained full-year guidance, and still expects $1.9 billion to $2.1 billion in free cash flow. Valuation has compressed to 0.63x sales, with analyst consensus at Hold and an average price target implying 24% upside. Klaus Vedfelt/DigitalVision via Getty Images After the bell on Tuesday, we received second quarter results from Lumen Technologies ( LUMN ). The communications services company is working to become a leader in the digital age, helping to power the AI