Lumen (LUMN) Says Turnaround Is Complete, Shares Multi-Year Growth Plan

Lumen Technologies, Inc. (NYSE:LUMN) is one of the 12 Best Stocks Under $10 to Invest In Right Now. On February 25, Lumen Technologies, Inc. (NYSE:LUMN) announced that its turnaround is complete and shared a multi-year growth plan at its 2026 Investor Day.

By the end of 2025, Lumen Technologies, Inc. (NYSE:LUMN) had deployed 17 million intercity fiber miles. The company aims to reach 47 million fiber miles by the end of 2028 and plans to expand to about 58 million miles by 2031. This growth is supported by $2.5 billion in new Private Connectivity Fabric (PCF) agreements.

Over the past three years, Lumen Technologies, Inc. (NYSE:LUMN) has secured nearly $13 billion in PCF deals, which it believes shows strong demand from hyperscalers for its AI-ready network.

Lumen Technologies, Inc. (NYSE:LUMN) also outlined key financial targets for the coming years. The company aims to grow its adjusted EBITDA from 27.1% in 2025 to around the mid-30% range by 2030. It also aims to improve free cash flow through planned improvements in margins, reduced capital intensity, and expected revenue growth.

In addition, Lumen Technologies, Inc. (NYSE:LUMN) is rolling out its Multi-Cloud Gateway to accelerate data movement across distributed AI environments. The company also said that its Network-as-a-Service platform has surpassed 2,000 customers.

Lumen Technologies, Inc. (NYSE:LUMN) is an American telecommunications and technology company that offers networking, edge cloud, collaboration, and cybersecurity solutions.

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