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Lumen Technologies: Dangerous Path

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  •  Lumen Technologies, Inc. slashed 2023 guidance with adjusted EBITDA targets far below analyst estimates.
  • The telecom barely forecasts generating positive free cash flow after repaying a ton of debt from selling a couple of non-core units.
  • Lumen Technologies, Inc. stock is a Sell with limited free cash flow eliminating the whole upside potential from repurchasing what appeared to be cheap shares.
Lumen Technologies, Inc. (NYSE:LUMN) plunged 20% following their highly disappointing Q4 2022 earnings report. The telecommunications company got a new CEO and kitchen-sinked the 2023 guidance, while continuing the disastrous process of constantly cutting business versus

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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