Lumen (NYSE:LUMN), a technology and communications company that helps companies experience the benefits and power of solutions like adaptive networking, connected security, edge computing and hybrid cloud, reported its Q1 2022 earnings report on May 4, and the results showed the continuation of a worrisome trend. With this in mind, I consider LUMN stock as a hold for now.
Lumen Technologies has been in a transition phase since 2021 when it turned profitable after three consecutive years of net losses. The shares of this technology company have proved to be somewhat resilient year-to-date, having losses of 15%.
Read more about LUMN stock here.
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