Lumen Technologies saw a surge in stock price after securing a new contract with the Pac-12 college sports conference. The telecommunications company will provide network-as-a-service technologies to the Pac-12’s broadcasting division. Investors are optimistic about the potential business growth from Lumen’s NaaS and Private Connectivity Fabric offerings. While Lumen’s stock has experienced fluctuations, recent gains have helped offset losses. The company’s stock rallied in 2024 due to contracts with Meta Platforms and Microsoft. Lumen also raised its full-year free cash flow target, showing positive signs of growth. Considerations should be made before investing in Lumen Technologies, as it was not included in the Motley Fool’s recent list of top 10 stocks.

Read more at Nasdaq: Why Lumen Stock Surged This Week