Lumen Technologies CEO Kathleen Johnson Buys 135,870 Shares at $3.69

Lumen Technologies, Inc. [LUMN] has announced that Kathleen E. Johnson, Director, President and CEO, has recently made a notable acquisition of 135,870 shares at a price of $3.69 per share on August 5, 2023.

Lumen Technologies, Inc. [LUMN], a major American telecommunications company, has seen significant market activity as its CEO, Kathleen E. Johnson, recently made a notable acquisition of 135,870 shares at a price of $3.69 per share on August 5, 2023. This move comes amidst a period of strategic transformation and financial restructuring for the company.

Johnson's acquisition is a significant development, as it indicates her confidence in the company's future prospects. The purchase of shares at $3.69 per share, a price that has seen recent volatility, underscores her belief in the long-term value of Lumen Technologies. This acquisition aligns with the broader trend of insider buying, which is often seen as a positive signal for investors.

Lumen Technologies has been undergoing a series of strategic changes aimed at improving its financial health and positioning itself for future growth. In the second quarter of 2025, the company reported a net loss of $915 million, a substantial increase from the $49 million net loss in the same period last year. The company attributed this wider net loss to the refinancing of certain debt instruments and credit facilities. Despite this, the company has shown signs of recovery, with Kathleen Johnson emphasizing the company's focus on building a stronger and more modern entity.

The recent sale of Lumen's consumer fiber-to-the-home business to AT&T for $5.75 billion is a significant milestone. This transaction provides strategic clarity and a path to financial freedom, as Johnson noted. The company has also successfully refinanced $2 billion in debt, extending maturities and reducing the coupon rate by over 3.5%, which is expected to save about $50 million annually in interest expense.

Looking ahead, Lumen Technologies has set ambitious goals for 2025, including raising its free cash flow guidance by $500 million and increasing the 2025 run rate cost-out target from $250 million to $350 million. The company expects to generate over $400 million of annual revenue from its PCF contracts over the remaining duration of the 20-year contracts. This indicates a strong commitment to cost management and revenue growth.

The company's focus on AI-driven network expansion and innovation, as well as its collaborations with major hyperscalers for direct cloud integration, positions it well for future growth. The recent earnings call highlighted quarter-over-quarter growth in key KPIs, including a 35% increase in the number of customers purchasing and using one or more ports, a 31% increase in total active NaaS ports, and a 22% increase in total active services.

In conclusion, Kathleen E. Johnson's acquisition of 135,870 shares at $3.69 per share is a significant development for Lumen Technologies. It reflects her confidence in the company's future prospects and aligns with the broader strategic changes and financial restructuring initiatives currently underway. Investors and financial professionals should closely monitor the company's progress in achieving its ambitious 2025 goals.

References:
[1] https://www.nasdaq.com/articles/lumen-technologies-subsidiary-level-3-financing-plans-offer-125-bln-notes-due-2034
[2] https://finance.yahoo.com/news/lumen-technologies-lumn-extends-losing-142215819.html
[3] https://seekingalpha.com/news/4476252-lumen-raises-2025-free-cash-flow-guidance-by-500m-amid-ai-driven-network-expansion-and-at-and