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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Top Analyst Cuts Tesla to 'Hold' as Robotaxi Optimism Faces Scrutiny
June 10- Robert W. Baird analyst Ben Kallo downgraded Tesla (NASDAQ:TSLA) to a "Hold" rating from "Buy". Kallo maintained his price target of $320 per share. This marks the analyst's first downgrade for the electric vehicle maker in three years. Kallo cited concerns over "heightened expectations" surrounding Tesla's upcoming robotaxi launch event. He also highlighted potential "key-man risk" related to CEO Elon Musk's activities and associations. The analyst noted TSLA stock has surged over 20% since first-quarter results, likely reflecting existing optimism about the robotaxi and a more affordable vehicle. The analyst expressed skepticism about the projected speed of the robotaxi service rollout, describing it as potentially "a bit too optimistic." Tesla was recently listed by Austin, Texas, authorities as being in the "testing" phase for autonomous vehicles. Competitor Waymo is listed in the "deployment" phase in the same city. Kallo's decision also factored in increased competition, potential changes to vehicle delivery timelines, and the gradual reduction of electric vehicle tax credits. Despite the downgrade, Tesla shares rose about 3% in pre-market trading on Tuesday. This movement coincided with the apparent easing of tensions between Musk and former President Donald Trump, who recently confirmed continued use of Tesla products. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
25 minutes ago
- Yahoo
Syngenta group expects minimal impact from U.S tariffs in 2025, executive says
CAMPINAS, Brazil (Reuters) -Agrochemicals company Syngenta Group expects a minimal impact from tariffs imposed by U.S. President Donald Trump on its business in 2025, Steven Hawkins, global president of Syngenta's crop protection business, said on Tuesday. While the company is growing and investing in its portfolio of biological products, these are not a substitute for synthetic crop protections, Hawkins told journalists on the sidelines of Syngenta's One Agro event in Brazil's Campinas, a city in the state of Sao Paulo.

Business Insider
29 minutes ago
- Business Insider
Have you seen this car?
Donald Trump 's red Tesla was not seen on the White House grounds on Tuesday. Trump bought a red Tesla Model S in March. Trump and Elon Musk have been going through a very public spat. Donald Trump may be erasing one very public sign of Elon Musk 's White House tenure. Trump's red Tesla Model S was not in its usual spot on the White House grounds on Tuesday, ABC News's Jonathan Karl wrote on X. Meanwhile … The red Tesla that @POTUS bought from @elonmusk is no longer at the White House — Jonathan Karl (@jonkarl) June 10, 2025 Monday afternoon, hours before the car's apparent absence was noticed, Trump said that he might move the vehicle amid his very public spat with Musk, the man who once called himself Trump's "First Buddy." "I may move the Tesla around a little bit, but I don't think we'll be doing that with Starlink," he told reporters. "It's a good service." Trump didn't say where he might move it. "I have a lot of locations," he said. "I had so many locations that I don't know what to do with them all." The president could have had the car moved somewhere else, including to his private golf club near the nation's capital. Trump and his allies have criticized Musk after the world's richest man refused to back down from his call to kill "The One Big Beautiful Bill," the centerpiece of the president's domestic agenda. Musk retorted by alleging that Trump is blocking the release of the so-called "Epstein Files" because of his ties to the disgraced financier Jeffrey Epstein. Trump bought the Tesla in March at a White House event aimed at bucking up Musk's flagship company as backlash mounted to the billionaire's work with the White House's DOGE office. At the time, a handful of top administration officials made public moves to boost Tesla as its share prices tanked amid protests at dealerships and a rise in trade-ins of its popular EVs. Following last week's high-profile spat, a White House official said Trump was considering selling the car. A White House spokesperson did not immediately respond to a request for comment from Business Insider.