New Street Research - Lumen Technologies Inc. (LUMN) LUMN Quick Hit: Lumen and Meta Sign PCF Contract

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New Street Research

Jonathan Chaplin

EUR 9244.00 For Business Accounts Only

LUMN Quick Hit: Lumen and Meta Sign PCF Contract

This morning, Lumen announced that they have entered into a Private Connectivity Fabric contract (PCF) with Meta to help drive AI network expansion. In this quick note, we use our PCF framework to estimate what the contract could be worth.

21/10/2024 1 EN

Underlying

Lumen Technologies Inc.

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US5502411037 New York Stock Exchange United States

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Analysts

Jonathan Chaplin

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LUMN Quick Hit: Lumen and Meta Sign PCF Contract

LUMN quick hit: Lumen and AWS sign PCF contract

Vital Signs: Actionable charts

Meta Platforms (META, Buy, $595 target) First Take: A bit more color on ROI from Gen AI

Alphabet (GOOGL, Buy, $215 target) 3Q24 Model Update: Raising target to $215 from $210 on higher estimates

WLN (Neutral, TP: EUR8.5, +35%) Worldline Q3 revenue - Tough top line, but positive emerging catalysts

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