Lumen Sells Mass Markets Fiber, Refocuses on Enterprise

Lumen Technologies ( (LUMN) ) just unveiled an announcement.

On February 2, 2026, Lumen Technologies completed the $5.75 billion cash sale of its Mass Markets consumer fiber-to-the-home business in 11 states, including the Quantum Fiber brand, to AT&T. The deal transfers a network that serves more than 1 million fiber customers and reaches over 4 million enabled locations, while Lumen retains its national and regional fiber backbone, central offices, associated real estate, enterprise and wholesale fiber customers, and copper-based consumer services. Lumen plans to deploy roughly $4.8 billion of the proceeds and cash on hand to retire all of its super priority debt and redeem certain secured notes, moves that are expected to cut annual interest expense by about $300 million and reduce total debt to under $13 billion, leaving net debt below four times adjusted EBITDA. Management framed the divestiture as a strategic inflection point that sharpens Lumen’s focus as a pure-play, enterprise-focused technology infrastructure provider, supporting its push to expand a high-capacity, low-latency fiber network, ‘cloudify’ its digital platform, and deepen partnerships with technology and data-center players in the AI-driven networking market.

The most recent analyst rating on (LUMN) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.

Spark’s Take on LUMN Stock

According to Spark, TipRanks’ AI Analyst, LUMN is a Neutral.

The score is held back primarily by weak financial fundamentals—declining revenue, losses, and a highly stressed balance sheet with negative equity—partially offset by improving cash flow trends. Technical signals are mixed and do not provide a strong tailwind. The latest earnings call adds support due to better-than-expected results, cost savings, and improving enterprise/NaaS/PCF traction, but legacy revenue headwinds remain a material risk.

To see Spark’s full report on LUMN stock, click here.

More about Lumen Technologies

Lumen Technologies is a U.S.-based technology infrastructure and networking company that focuses on enterprise digital networking services for large businesses, global hyperscalers and public sector organizations. Leveraging an extensive metro and long-haul fiber backbone, edge cloud, security, managed services and a digital platform, Lumen positions itself as a trusted network provider for AI workloads and multi-cloud environments, aiming to connect people, data and applications securely and at scale.

Average Trading Volume: 14,257,789

Technical Sentiment Signal: Strong Buy

Current Market Cap: $9.05B

For detailed information about LUMN stock, go to TipRanks’ Stock Analysis page.