Lumen Technologies has faced significant challenges, including a negative price-to-earnings (P/E) ratio for nearly seven years, yet recent AI-driven demand has sparked stock recovery.
Following strategic partnerships with tech giants like Microsoft and Corning, Lumen Technologies' shares doubled in 2024, reflecting growing interest in its fiber-network solutions linked to AI.
Despite recent successes, Lumen's overall revenue continuously declined with four of the last five quarters resulting in negative EPS, raising concerns about its viability.
Analysis reveals that Lumen Technologies might be on the verge of a turnaround, as strong demand for connectivity driven by AI may prove beneficial despite historical losses.
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