What is Lumen Technologies Shares Outstanding (EOP)?
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Lumen Technologies's shares outstanding for the quarter that ended in Dec. 2023 was 1,008 Mil.
Lumen Technologies's quarterly shares outstanding
declined
from Sep. 2023 (1,009 Mil) to Dec. 2023 (1,008 Mil).
It means Lumen Technologiesbought back shares from Sep. 2023 to Dec. 2023 .
Lumen Technologies's annual shares outstanding
increased
from Dec. 2022 (1,002 Mil) to Dec. 2023 (1,008 Mil).
It means Lumen Technologiesissued new shares from Dec. 2022 to Dec. 2023 .
Lumen Technologies Shares Outstanding (EOP) Historical Data
The historical data trend for Lumen Technologies's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lumen Technologies's Shares Outstanding (EOP)
For the Telecom Services subindustry, Lumen Technologies's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lumen Technologies's Shares Outstanding (EOP) Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Lumen Technologies's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Lumen Technologies's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Lumen Technologies Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of Lumen Technologies's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Lumen Technologies (STU:CYTH) Business Description
With 450,000 route miles of fiber, including over 35,000 route miles of subsea fiber connecting Europe, Asia, and Latin America, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now nearly 80% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.
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