Lumen Technologies Inc. Stock

Description Lumen Technologies

Lumen Technologies Inc., formerly known as CenturyLink Inc., is a technology company that provides integrated telecommunications services to residential, business, governmental, and wholesale customers in the United States and internationally. The company was founded in 1968 and is headquartered in Monroe, Louisiana.

Lumen operates through two business segments: Business and Consumer. The Business segment provides a range of data, voice, and managed services to business, governmental, and wholesale customers, including advanced network services like Multiprotocol Label Switching (MPLS), Ethernet, and optical transport, as well as dedicated internet access, virtual private network (VPN), and other data services. The Consumer segment provides broadband services to residential customers, including internet, television, and phone services.

Lumen Technologies is listed on the New York Stock Exchange under the symbol LUMN. As of June 2021, the company has a market cap of approximately $21 billion and trades at a price-to-earnings ratio of around 8.5.

Competitors of Lumen Technologies

Lumen Technologies (formerly CenturyLink) operates in the highly competitive telecommunications industry. Its primary competitors include:

1. AT (Symbol: T): AT is a global leader in telecommunications, providing wireless and wireline services to over 100 million customers in the US and around the world. Its services include voice, data, and video communications, as well as internet and cloud-based services.

2. Verizon (Symbol: VZ): Verizon is another major competitor for Lumen, providing wireless and wireline services to over 118 million customers in the US. Its services include voice, data, and internet services, as well as advertising and media-related services.

3. Comcast (Symbol: CMCSA): Comcast is the largest cable operator in the US, providing cable TV, internet, and phone services to over 29 million customers in the US. Its services include Xfinity TV, Xfinity Internet, and Xfinity Voice, among others.

4. Charter Communications (Symbol: CHTR): Charter is the second-largest cable operator in the US, offering cable TV, internet, and voice services to over 28 million residential and business customers in 41 states.

5. T-Mobile (Symbol: TMUS): T-Mobile is a US-based wireless network operator, providing wireless voice, messaging, and data services to over 102 million customers in the US, Puerto Rico, and the US Virgin Islands. It is the third-largest wireless carrier in the US, after AT and Verizon.

Suppliers of Lumen Technologies

Lumen Technologies (formerly known as CenturyLink) is a telecommunications company that primarily provides internet and voice services to residential, business, and government customers in the United States. As such, the most important suppliers for Lumen Technologies would be those that provide the company with the necessary equipment and infrastructure to deliver these services.

Some key suppliers for Lumen Technologies may include:

1. Network equipment vendors: Lumen Technologies would rely on vendors such as Cisco, Juniper Networks, and Nokia to provide networking equipment and software to power its internet and voice services.

2. Fiber optic cable providers: As a telecom company, Lumen Technologies would need a steady supply of fiber optic cables to connect customers to its network. Key suppliers in this space might include Corning and Prysmian Group.

3. Equipment maintenance and repair vendors: Lumen Technologies would need to keep its equipment and infrastructure in top working order to ensure high-quality service for its customers. Suppliers such as Ericsson and Huawei might provide maintenance and repair services for the company's networking equipment.

4. Power and energy suppliers: Lumen Technologies would require significant amounts of electricity to power its network infrastructure. The company may partner with energy suppliers such as AES Corporation and Duke Energy to ensure reliable and cost-effective power supplies.

Overall, Lumen Technologies relies on a variety of suppliers to operate its business effectively and provide high-quality telecommunications services to its customers.