Why Lumen Technologies, Inc. (LUMN) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where Lumen Technologies, Inc. (NYSE:LUMN) stands against other Monday's best performers.
The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies.
The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent.
Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.'
He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies.
Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Why Lumen Technologies, Inc. (LUMN) Soared on Monday
Close-up of a technician's hands adjusting a communication router.
Lumen Technologies, Inc. (NYSE:LUMN)
Lumen Technologies jumped by 11.9 percent on Monday to finish at $4.23 apiece as investors cheered the company's bullish outlook and business recalibration, saying that it would now focus on growing and offering network services and officially dropping home internet, which does not sit well with its goals.
During the company's shareholders meeting, Lumen Technologies, Inc. (NYSE:LUMN) CEO Kate Johnson said that its network-as-a-service (NaaS) platform is gaining traction and disrupting the market.
'And when I say higher, like it's an incredible rate,' Johnson was quoted as saying. 'I don't want to give it right now, but over the past 90 days, very, very significant growth. And what that suggests is that there's a faster path to revenue for the cloud companies, partnering with Lumen to provide networking for their end customers.'
In the first quarter of the year, Lumen Technologies, Inc. (NYSE:LUMN) swung to a net loss of $201 million from a $57 million net income in the same period last year. Revenues dipped by 3.3 percent to $3.18 billion from $3.29 billion year-on-year.
Overall, LUMN ranks 3rd on our list of Monday's best performers. While we acknowledge the potential of LUMN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LUMN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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