Lumen Rallies 17% During Short Week; AI Pivot Up for Test
Lumen closed Friday at $10.99, up 2.7% for the day and 16.8% for the week, after announcing a $475 million Alkira acquisition and raising its 2026 free cash flow forecast. The NYSE was closed Monday for Memorial Day. Lumen’s first-quarter revenue fell to $2.899 billion from $3.182 billion a year ago. Analyst consensus remains Neutral, with a $5.77 average price target.