Lumen Technologies (LUMN) Extends Gains by 15.7% as On-Demand Service Expands by 10 Million

We recently published 10 Big Names Crushing Wall Street. Lumen Technologies, Inc. (NYSE:LUMN) is one of the top-performing stocks on Monday.

Lumen Technologies extended its winning streak to a third straight day on Monday, jumping 15.7 percent to close at $9.36 apiece as investors cheered a new milestone that its on-demand services are now present in 10 million new business locations across the US.

In a statement during the day, Lumen Technologies, Inc. (NYSE:LUMN) said that its on-demand service enabled high performance connectivity to businesses within minutes, including office buildings and data centers. One of its largest customers include Xcel Energy—a US regulated distribution utility firm in Minneapolis, Minnesota.

Lumen Technologies, Inc. (NYSE:LUMN) said its on-demand service delivers adjustable, pay-as-you-go connectivity which can be scaled up or down within minutes depending on their requirements, whether due to a traffic surge, seasonal demand, or a new service rollout. It allows businesses to spin up or scale connectivity in minutes, choose from flexible bandwidth tiers, add static or dynamic routing options and security features, like Lumen Defender, and pay hourly for what they use.

Lumen Technologies, Inc. (NYSE:LUMN) said the service supports a true cloud-like internet experience with the same speed, reliability and low-latency performance network, giving customers control over how they consume connectivity.

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