BUZZ-Lumen Technologies falls after wider-than-expected loss

Lumen

Lumen

LUMN

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** Shares of telecommunications company Lumen Technologies LUMN.N down 6.1% at $8.66 premarket

** Co posts wider-than-expected loss, and announced a $475 mln acquisition of Alkira

** LUMN posts adjusted loss of 47 cents/shr, wider than the expected 13 cents/shr loss

** Co will acquire networking platform Alkira for $475 mln in cash to accelerate its push into cloud-to-cloud and data center interconnect services

** One out of 13 analysts rate stock "strong buy", 10 rate it "hold", two "sell"; median PT at $8 - data compiled by LSEG

** As of last close, LUMN stock up 18.7% YTD


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