CapWealth Advisors, LLC purchased $9.92 million worth of Lumen Technologies shares on February 2, 2026, increasing its Lumen position by $14.54 million, according to an SEC filing. Lumen Technologies provides communications and fiber infrastructure services globally, with shares priced at $8.82 as of January 30, 2026, up 76.4% over the past year.

Following the purchase, Lumen Technologies accounts for 3.3% of CapWealth’s total assets, with other top holdings including Palantir, Williams Companies, Microsoft, and Corning. The company generates revenue of $12.69 billion, with a market capitalization of $9.25 billion, despite reporting a net loss of $1.65 billion.

Lumen Technologies recently sold its Mass Markets fiber-to-the-home business to AT&T for $5.75 billion to focus on enterprise digital infrastructure. The company aims to strengthen its position in the market, offering cloud, IT solutions, and broadband services to business and residential customers, despite recent financial challenges.

Strategic investments in fiber and cloud-based services position Lumen Technologies as a key player in the telecommunications and technology industry. The company serves millions of subscribers worldwide and focuses on delivering high-bandwidth services to support digital transformation for businesses and consumers.

Despite recent financial losses, Lumen Technologies remains focused on enhancing its technology offerings. The company’s sale of its fiber-to-the-home business underscores its commitment to providing essential infrastructure for enterprises and public sector organizations as the demand for AI and digital solutions grows.

Read more at Yahoo Finance: CapWealth Loads Up on Lumen Technologies (LUMN) By Purchasing 704,970 Shares