Lumen Technologies' Network-as-a-Service Platform Exceeds 1,000 Customers

Lumen Technologies Inc. (NYSE:LUMN) is one of the most promising penny stocks under $5. On August 13, Lumen Technologies announced that its Network-as-a-Service/NaaS platform had reached a significant milestone, surpassing 1,000 customers. The company highlighted this achievement as a sign of the increasing demand for a new and programmable enterprise network designed for the AI economy.

Launched at the end of 2023, the Lumen NaaS platform is a suite of services that allows businesses to get instant and on-demand resources with advanced networking technologies. This includes Internet On-Demand for public connectivity, Ethernet On-Demand for Layer 2 private connectivity, and IP VPN On-Demand for Layer 3 private connectivity.

The platform also offers security features like DDoS Essentials for attack protection and Lumen Defender, powered by Black Lotus Labs, to block malicious traffic. The company was recognized as the 2024 NaaS Service Provider of the Year in North America by MPLIFY (formerly MEF). The Lumen NaaS platform is built on one of the world’s most expansive and deeply interconnected networks, which features approximately 163,000 on-net buildings and 340,000 global fiber route miles.

Lumen Technologies Inc. (NYSE:LUMN) is a networking company that provides integrated products and services to business and mass customers in the US and internationally.

While we acknowledge the potential of LUMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.