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Lumen Technologies shares rise despite slowing results on new business expectations

Broadcast United News Desk
Lumen Technologies shares rise despite slowing results on new business expectations

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Lumen Technologies (LUMN), a multinational communications services company, said it expects a significant improvement in annual cash flow. In addition, the company announced that it had won $5 billion worth of new business related to the growing demand for artificial intelligence (AI). After the news came out, Lumen Technologies’ stock price rose 39% on the 7th (local time) compared with the previous trading day. According to Market Watch, Lumen Technology…

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