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Stock impact report

Don't Buy Lumen Technologies Stock Until Reality Backs Up the Hype [Yahoo! Finance]

Lumen Technologies, Inc. (LUMN) 
Company Research Source: Yahoo! Finance
A heavy debt load is restricting Lumen's ability to invest in other business areas. The company doesn't expect to grow its top line again until 2028. 10 stocks we like better than Lumen Technologies › Formerly known as telecom company CenturyLink, Lumen Technologies (NYSE: LUMN) has been in the midst of a rebrand and pivot since 2020 amid the artificial intelligence (AI) boom . Like many AI stocks this year, Lumen has put up market-beating returns: It's up 38% through Dec. 22, compared to the S&P 500 's gain of 17%. Despite the stock's recent success, let me be the first to say this to prospective investors: Wait until reality matches the hype before putting money into Lumen. A lot of the hype surrounding Lumen revolves around the deals it has struck with companies like Microsoft and Alphabet . The terms of these deals make Lumen a major provider of networking capabilities for these companies. On the surface, they look like significant wins for the business -- especially as Show less Read more
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