Is Lumen Technologies Stock a Buy?
Investors have long moved away from Lumen Technologies (NYSE: LUMN) stock. While it has an extensive fiber network that spans the globe, its customer base of landline telephone customers and cable TV subscribers turned off investors, and a pivot to fiber internet, enterprise networking, and cloud services was not turning the tide.
However, the company has found a niche in today's technology world, offering connectivity to AI data centers, and Lumen's management has begun to reorient the company in that direction. Is that enough to rescue the communications stock? Let's take a closer look.
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Source Fool.com
