Solid Q3 Results Show Why 1 Communications Stock Could Triple
The communications company formerly known as CenturyLink rebranded itself as Lumen Technologies (NYSE: LUMN) in mid-September. The name change was meant to reflect the company's focus on providing high-quality fiber data connections, an area with significant long-term growth potential. By contrast, the CenturyLink name is more associated with traditional copper phone lines and low-speed DSL internet.
Even a new name wasn't able to break shares out of their long-term downward trend, though. Lumen stock has fallen significantly since the rebranding announcement and trades near multidecade lows.
Source Fool.com