Lumen Board Chair Mike Glenn and Hal Stanley Jones Announce Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Should l Buy LUMN?
Lumen announced that Mike Glenn, chair of Lumen's board, and Hal Stanley Jones, a director and chair of the audit committee, have advised the board that they will retire and not stand for re-election at Lumen's 2026 annual meeting. As part of a planned succession process, the board has selected General Kevin Chilton, an existing member of the board since 2017, to serve as the next chair of the board, effective following the meeting.
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Analyst Views on LUMN
Wall Street analysts forecast LUMN stock price to fall
6 Analyst Rating
0 Buy
5 Hold
1 Sell
Hold
Current: 9.230
Low
7.00
Averages
8.33
High
11.00
Current: 9.230
Low
7.00
Averages
8.33
High
11.00
About LUMN
Lumen Technologies, Inc. is a digital networking services company. The Company is engaged in building fiber network designed to support artificial intelligence (AI), advanced cloud, and edge workloads. It is engaged in providing an array of integrated products and services to its domestic and global business customers and its domestic mass market customers. The Company conducts its operations under four brands: Lumen, which is its flagship brand for serving the enterprise and wholesale markets, including its Private Connectivity Fabric (PCF) network architecture, Lumen Digital products, and its priority services including Edge, Network-as-a-Service and cybersecurity; CenturyLink, which is engaged in providing primarily mass-marketed copper-based communications services, and Black Lotus Labs, which is its cyberthreat research and intelligence arm.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lumen Technologies Q1 2026 Earnings Call Insights
- Acquisition Announcement: Lumen plans to acquire software company Alkira for $475 million, with the deal expected to close in Q3, financed through cash on hand, aiming to enhance competitiveness in a rapidly growing market.
- Customer Growth: In Q1, customer adoption grew by 25% quarter-over-quarter, with active ports and services increasing by 35% and 32% respectively, indicating strong demand in the NaaS sector, and over 20% of new customers were first-time users of Lumen.
- Financial Performance: Despite a 3.2% year-over-year decline in total business revenue to $2.44 billion, North American enterprise revenue fell only 0.8%, demonstrating resilience in specific markets, while Q1 free cash flow reached $756 million, indicating a healthy cash flow position.
- Future Outlook: Management raised the 2026 free cash flow guidance to $1.9 billion to $2.1 billion, primarily due to proceeds from the fiber sale to AT&T, with expectations that the acquisition will have a positive long-term impact on financials, though neutral in the short term.
See More
Lumen Technologies Unveils $1 Billion Offering of Senior Notes Maturing in 2037
Company Announcement: Lumen Technologies has announced a $1 billion senior notes offering.
Use of Proceeds: The proceeds from this offering are intended for general corporate purposes.
Maturity Date: The senior notes are due in 2037, indicating a long-term financing strategy.
Market Impact: This move may influence Lumen's financial positioning and investor confidence in the company.
See More
Lumen Acquires Alkira to Enhance Digital Platform Strategy
- Acquisition Overview: Lumen has entered into an agreement to acquire Alkira for $475 million, which will integrate Alkira's cloud-native control plane with Lumen's fiber network, advancing Lumen's digital platform strategy aimed at delivering cloud-like consumption for global enterprise networking.
- Market Expansion Potential: By leveraging Alkira's technology, Lumen estimates its total addressable market will reach approximately $70 billion, particularly in the rapidly growing cloud-to-cloud and data center interconnect segments, significantly enhancing its competitive position.
- Integration Advantages: This acquisition will enable Lumen to unify its network services, allowing customers to design and operate networks through a single control plane, simplifying operations and improving performance to meet the demands of the AI era.
- Financial Impact Analysis: The transaction is expected to be neutral to margins in the near term but will positively impact Lumen's long-term free cash flow as the digital platform scales, reducing platform development execution risk and capital intensity.
See More
Lumen Technologies Reports Wider-Than-Expected Q1 Loss Amid Acquisition Plans
- Q1 Earnings Miss: Lumen Technologies reported an adjusted loss of $0.47 per share for Q1 2026, significantly worse than the expected $0.12 loss, indicating increased financial pressure on the company.
- Revenue Decline: The company experienced a 9% year-over-year revenue drop to $2.89 billion, although this still exceeded Wall Street estimates by approximately $60 million, reflecting heightened market competition and customer attrition risks.
- Free Cash Flow Improvement: Excluding special items, free cash flow improved to $756 million, up from $354 million a year ago, demonstrating enhanced cash management capabilities within the company.
- Acquisition Announcement: Lumen announced a $475 million acquisition of cloud networking platform Alkira, expected to close in Q3 2026, aimed at bolstering its digital networking platform capabilities, with neutral short-term margin impact but potential long-term free cash flow enhancement.
See More
Lumen Technologies Earnings Snapshot: Growth Under Pressure
- Financial Condition Analysis: Lumen Technologies' balance sheet indicates that despite its partnership with AWS for network connectivity, overall financial performance is under pressure due to revenue growth being constrained by delays in backlog orders.
- Turnaround Story Conclusion: The turnaround narrative for Lumen is nearing its end, with market confidence in future growth waning, leading to a rating downgrade that reflects investor concerns about the company's outlook.
- Revenue Forecast Downgrade: Lumen's revenue forecasts are impacted due to growth being closely tied to delays in backlog orders, which may affect its position in a highly competitive market.
- Long-Term Outlook Adjustment: Analysts have adjusted their long-term outlook for Lumen, suggesting that the company needs to implement more effective strategies to address current market challenges and ensure sustainable growth moving forward.
See More
Lumen Technologies Beats Revenue Estimates and Acquires Alkira
- Revenue Beat: Lumen Technologies exceeded Wall Street's revenue expectations for the first quarter, with specific figures undisclosed, indicating strong performance in the digital networking services sector and boosting investor confidence.
- Acquisition of Alkira: Lumen announced the acquisition of networking platform Alkira for $475 million in cash, which is expected to accelerate its push into cloud-to-cloud and data center interconnect services, further solidifying its market position.
- Market Expansion: With Alkira's global footprint and cloud-native platform, Lumen's total addressable market is projected to expand to approximately $70 billion, providing significant growth opportunities for the company in the future.
- Strategic Implications: This acquisition not only enhances Lumen's technological capabilities but also strengthens its competitiveness in the rapidly evolving cloud services market, aligning with the company's long-term growth strategy.
See More
Lumen Technologies Q1 2026 Earnings Call Insights
- Acquisition Announcement: Lumen plans to acquire software company Alkira for $475 million, with the deal expected to close in Q3, financed through cash on hand, aiming to enhance competitiveness in a rapidly growing market.
- Customer Growth: In Q1, customer adoption grew by 25% quarter-over-quarter, with active ports and services increasing by 35% and 32% respectively, indicating strong demand in the NaaS sector, and over 20% of new customers were first-time users of Lumen.
- Financial Performance: Despite a 3.2% year-over-year decline in total business revenue to $2.44 billion, North American enterprise revenue fell only 0.8%, demonstrating resilience in specific markets, while Q1 free cash flow reached $756 million, indicating a healthy cash flow position.
- Future Outlook: Management raised the 2026 free cash flow guidance to $1.9 billion to $2.1 billion, primarily due to proceeds from the fiber sale to AT&T, with expectations that the acquisition will have a positive long-term impact on financials, though neutral in the short term.
See More
Lumen Technologies Unveils $1 Billion Offering of Senior Notes Maturing in 2037
Company Announcement: Lumen Technologies has announced a $1 billion senior notes offering.
Use of Proceeds: The proceeds from this offering are intended for general corporate purposes.
Maturity Date: The senior notes are due in 2037, indicating a long-term financing strategy.
Market Impact: This move may influence Lumen's financial positioning and investor confidence in the company.
See More
Lumen Acquires Alkira to Enhance Digital Platform Strategy
- Acquisition Overview: Lumen has entered into an agreement to acquire Alkira for $475 million, which will integrate Alkira's cloud-native control plane with Lumen's fiber network, advancing Lumen's digital platform strategy aimed at delivering cloud-like consumption for global enterprise networking.
- Market Expansion Potential: By leveraging Alkira's technology, Lumen estimates its total addressable market will reach approximately $70 billion, particularly in the rapidly growing cloud-to-cloud and data center interconnect segments, significantly enhancing its competitive position.
- Integration Advantages: This acquisition will enable Lumen to unify its network services, allowing customers to design and operate networks through a single control plane, simplifying operations and improving performance to meet the demands of the AI era.
- Financial Impact Analysis: The transaction is expected to be neutral to margins in the near term but will positively impact Lumen's long-term free cash flow as the digital platform scales, reducing platform development execution risk and capital intensity.
See More
Lumen Technologies Reports Wider-Than-Expected Q1 Loss Amid Acquisition Plans
- Q1 Earnings Miss: Lumen Technologies reported an adjusted loss of $0.47 per share for Q1 2026, significantly worse than the expected $0.12 loss, indicating increased financial pressure on the company.
- Revenue Decline: The company experienced a 9% year-over-year revenue drop to $2.89 billion, although this still exceeded Wall Street estimates by approximately $60 million, reflecting heightened market competition and customer attrition risks.
- Free Cash Flow Improvement: Excluding special items, free cash flow improved to $756 million, up from $354 million a year ago, demonstrating enhanced cash management capabilities within the company.
- Acquisition Announcement: Lumen announced a $475 million acquisition of cloud networking platform Alkira, expected to close in Q3 2026, aimed at bolstering its digital networking platform capabilities, with neutral short-term margin impact but potential long-term free cash flow enhancement.
See More
Lumen Technologies Earnings Snapshot: Growth Under Pressure
- Financial Condition Analysis: Lumen Technologies' balance sheet indicates that despite its partnership with AWS for network connectivity, overall financial performance is under pressure due to revenue growth being constrained by delays in backlog orders.
- Turnaround Story Conclusion: The turnaround narrative for Lumen is nearing its end, with market confidence in future growth waning, leading to a rating downgrade that reflects investor concerns about the company's outlook.
- Revenue Forecast Downgrade: Lumen's revenue forecasts are impacted due to growth being closely tied to delays in backlog orders, which may affect its position in a highly competitive market.
- Long-Term Outlook Adjustment: Analysts have adjusted their long-term outlook for Lumen, suggesting that the company needs to implement more effective strategies to address current market challenges and ensure sustainable growth moving forward.
See More
Lumen Technologies Beats Revenue Estimates and Acquires Alkira
- Revenue Beat: Lumen Technologies exceeded Wall Street's revenue expectations for the first quarter, with specific figures undisclosed, indicating strong performance in the digital networking services sector and boosting investor confidence.
- Acquisition of Alkira: Lumen announced the acquisition of networking platform Alkira for $475 million in cash, which is expected to accelerate its push into cloud-to-cloud and data center interconnect services, further solidifying its market position.
- Market Expansion: With Alkira's global footprint and cloud-native platform, Lumen's total addressable market is projected to expand to approximately $70 billion, providing significant growth opportunities for the company in the future.
- Strategic Implications: This acquisition not only enhances Lumen's technological capabilities but also strengthens its competitiveness in the rapidly evolving cloud services market, aligning with the company's long-term growth strategy.
See More
