Any bets if our stock drops below $1.00 next week after report?
34 replies (most recent on top)
Who is this guy signs off with Tik Tok?
I'm not sure what that supposed to mean 🤨🤔😅 Are we on Tik Tok platform 😉
To All Lumen Employees. XL RIF is coming.
Th day after the earnings report is when the truth comes out. Just wait!
Never ceases to amaze me that the investors read the hype before looking at the details. Lumen actually reported a $2B loss for the quarter; not an $80M profit. Customers continue to jump ship. The hype is saying would didn't sink as much as forecast. You are on the Titanic and trying to find a positive. Once investors read the 10-K and 10-Q the stock will drop again.
IIRC, the Brightspeed sale hadn't finalized until the end of October 23? That would account for the 7.45% decline in revenue. Still it's a pretty underwhelming earnings report.
Revenue Overview: Achieved revenue of $3.52 billion, exceeding the expected $3.46 billion, yet marking a 7.45% decrease compared to the same quarter last year.
Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, $0.10 better than the FactSet Consensus of ($0.02); revenues fell 7.4% year/year to $3.52 bln vs the $3.45 bln
This is the biggest party I've ever seen for earning under a dime per share.
How many people had PTSD when Kate sent out the email earlier? Her track record for earnings day emails is suspect
Lunch money and propaganda crack pipe... yea that sums it up pretty well. Good description!
The board is sure giving her a long rope to hang herself. They seem to be in no big hurry for any positive results.
Wow! The Yes men are certainly delusional! Tick Tock!
The stock was 9.83 9/13/22 when they announced Kate was going to step in. The stock was 7.50 the week before the transition took place around 11/1/22.
The smoke & mirrors that some of you buy into off the homepage is delusional. This company is going nowhere but into a chapter 11 reorganization. The 1,000,000 shares she bought was lunch money for her & only to get the board to give her a bigger window. All that debt reorganization they just did will be at a crippling rate at the tail end. Where's that 2b they got going to? How much of that is going into something that will generate immediate results?
Put the propaganda crack pipe down and open your eyes
Q4 2023 Earnings Expected 02/06/2024
Mean estimate from 7 analysts is -$0.01 with a range of -$0.07 to $0.06.
Revenue estimate is $3.45B, a $347.32M decrease from the same period a year ago.
We should find out sometime today.
I've seen them layoff contractors in Nov and they are already working on bringing them back. So whatever they did to get these few pennies of earnings, you can bet smoke and mirrors were used to the fullest.
for all you a-s kisses and yes men, Google Finance tells us the the 52 week range of the stock is
- 78 - $5.22.
Now it didn't "close" at .78, but the day after Q3 earnings and layoff it did dip down as low as .78 cents.
If I recall wasn't the stock about $6 when the Princess took over?
How long is the board going to keep her around? I mean, I'm all for her positive vibe and the whole girl power thing, but her plan and actions aren't resonating or resulting in growth.
Can't wait to hear the earnings call and all the excuses and see the how the stock markets react to the info.
It's time to cleanse the company.
Just like Noah's ark. The company needs to reduce the number by 80%.
Only the elite followers needs to survive.
Leaders so called Norristown pa well
They mostly bolted but not before so conducting their divine intervention.. a deciding new hires aren’t cutting the ever changing game rules ..as a result those fuccccetd ruined people’s lives but yet they still
Have a job with no skill set as a manager …joke the all su-k .. gif bless them
Fir pretending .. ms …
It’s clouds Illinoians I recall .. I really don’t know clouds at all … but …. In this case I don!!!’ The place is tanking since broadeinf to level 3 to century link now this .. no cfo or any stupid management people know how to combine back end networks that they still use … thus the only folks that know it and understand it are at the low end of the ladder .. so Kate .. fyi .. you can’t ever ever combine telecom companies without solving this age old problem which is your point of failure but who am am
I
yea.... I'm thinking that the bad Q3 earnings and layoff had more of an effect on the sub $1 face plant. The new debt restructuring, and SLT dumpster diving personal investments couldn't even stave off a .50 cent drop, and eventually it did touch $1.80, but for how long? Jeez ya have to go back to mid 2023 to find a time that the big L was consistently over $1.80. 15 minutes of fame at $1.80 isn't anything to be bragging about folks. It will be an interesting couple of day, to find out the Q4/EOY numbers and how the market reacts the next day.
"To crybaby who replied to my 1.80 after the 1200 layoffs. It did reach 1.80 couple of weeks later."
I think that had more to do with two C-level execs purchasing $1 million each in Lumen shares than it did with 1,200 layoffs.
To crybaby who replied to my 1.80 after the 1200 layoffs. It did reach 1.80 couple of weeks later.
Yes. It closed at $1.28 or so on Friday? Q4 earnings come out tomorrow, and unless they come out better than Q3 did(I see no reason to believe that they will), we can expect another healthy drop and quite possibly a new RIF.
In reply to the $1.80 a share and >$2.00 a share dreamer...
They are right dreamer, the day after Q3 earnings and the day our colleagues were notified of their holiday layoffs (what a cruel heartless company), the stock closed under a dollar a share, about a 50 cent drop in 1 day. It may have rebounded some since then, but last Friday it closed at $1.30, that's a far cry from your $1.80. Take off your rose colored glasses "yes man", it ain't pretty. My advise to everyone except the "yes men" is to get your resume polished up and get out...
Life's bitter here.
Life's Diverse Here
The Spirit of Severance
Ride the Light
Not sure what you are talking about.
Right after the 1200 layoff. Stock came up to 1.80.
Another round of layoff will bring the stock up higher. >2.00
As a laid off employee (Nov 2023) with 9 years with the company my paperwork stated that I qualify for a prorated STI payout based upon what I worked in 2023. Layoffs now will not affect your STI payout since its based off of 2023 work. STI $ have already been determined and allocated.
Now, if they tank on Q4 and EOY numbers and they do another layoff, you can bet that stock will be well under $1. it closed at $1.46 on Oct 31 and bottomed out at .98 on Nov 1st, so down almost .50 cents with Q3 news. Missing earnings and laying off people again will drop it to levels never seen before (.75 - .80 cents?) and maybe the markets will finally clue in to the train wreck that Lumen and the SLT clowns are. 🤡
It may go up then down but unlikely to be under a buck again for a while. The market is skeptic of this one and whoever believed it would rebound has dropped it or is waiting to drop it. The debt restructuring deals saved them from having to look into bankruptcy in the short term but the same challenges will arise when the debt matures and at a higher interest rate.
Some analyst speculations here:
https://www.zacks.com/stock/news/2220017/factors-to-note-ahead-of-lumens-lumn-q4-earnings-release?art_rec=quote-stock_overview-zacks_news-ID01-txt-2220017
I think it won't drop that low based on how Kate talked at the recent gathering in Denver.
I think she knows they made or perhaps slightly beat the disappointed estimates for this qtr.
However, I also think they have people ready to layoff, so if they missed they will do those layoffs and that likely holds the price around $1.20 +
Bonus will happen.
Likely lower sti %.
Kate said "see the smile on my face, do I look worried?!"
Well I am worried, but SLT knows the STI is crucial for everyone, esp themselves.
Assuming we are even getting a bonus payout this year, could be a douchebag move that Lumen is capable of laying off a bunch of people to avoid March payout
If that scenario plays out that proofs this company is evil
I was thinking 12,000.
After the earnings report and stock crash.
You and 1200 others will get a pink slips via text.
Sub $1.00 after and even before the earnings report is a pretty good possibility. Kate will have to buy more stock.