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DENVER - In response to the escalating cyber threats faced by businesses, Lumen Technologies (NYSE: LUMN), a $3.1 billion market cap telecommunications company with annual revenue of $13.1 billion, has launched a new cybersecurity solution, Lumen Defender Plus, aimed at providing enterprise-level protection. According to InvestingPro data, the company maintains strong operational efficiency with a gross profit margin of nearly 49%. The service, powered by the intelligence of Black Lotus Labs, is designed to preemptively block internet-based threats at the network edge, including bots, malware, and phishing attempts, before they can infiltrate a company’s network.
Lumen Defender Plus leverages the same threat intelligence used to protect Lumen’s own expansive network infrastructure. Martin Nystrom, Vice President of Black Lotus Labs and product security at Lumen, highlighted that the service offers businesses unprecedented access to real-time intelligence and automated defenses, enhancing their visibility, control, and security posture.
The effectiveness of Lumen Defender Plus was demonstrated through a pilot program with Apex DataCom, an IT consulting firm. The firm reported a significant reduction in security alerts and the immediate thwarting of numerous brute force attacks. This initiative comes at a crucial time for Lumen, as InvestingPro analysis shows the company facing revenue challenges with a 10% decline in the last twelve months, highlighting the importance of new service offerings to drive growth. Over a week, the service blocked hundreds of thousands of potential threats on Apex DataCom’s network, allowing their IT team to concentrate on strategic tasks rather than threat mitigation.
This cybersecurity solution is integrated with Lumen’s Internet On-Demand service and activates without the need for manual setups or additional hardware. It utilizes a real-time stream of threat intelligence from Black Lotus Labs, which monitors over 2.3 million threats daily and has a track record of disrupting sophisticated nation-state cyber campaigns. By operating at the network edge, Lumen Defender Plus reduces the workload on security teams and enhances operational efficiency.
Customers can manage threats through a customizable web portal, which offers features such as real-time monitoring, custom blocking, detailed reports, and instant alerts. Lumen has future plans to expand the service to Dedicated Internet Access environments, broadening the scope of its protection.
This announcement is based on a press release statement from Lumen Technologies. While the company’s stock is currently trading near its InvestingPro Fair Value, investors should note that InvestingPro has identified over 13 additional key insights about Lumen’s financial health and market position. For comprehensive analysis including detailed financial metrics, growth prospects, and expert insights, access the full Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Lumen Technologies announced a strategic partnership with Google Cloud to enhance cloud and network solutions, focusing on AI-driven enterprise transformations. This collaboration includes integrating Google’s Cloud WAN with Lumen’s services and establishing 400 Gbps direct fiber connections to Google Cloud regions, aiming to provide substantial network capacity. Additionally, Lumen will connect its encrypted network to Google Distributed Cloud, targeting security needs for large enterprises and public sectors. In financial developments, Lumen, through its subsidiary Level 3 Financing, Inc., has refinanced its term loans, securing $2.4 billion in borrowings with an extended maturity date to 2032, which is expected to generate significant annual interest savings. This refinancing move, led by Lumen’s CFO Chris Stansbury, aims to strengthen the company’s financial position and support long-term growth. Furthermore, AT&T is reportedly in exclusive talks to acquire Lumen’s consumer fiber operations, potentially valuing the unit at over $5.5 billion. Although terms are not finalized, this move could help Lumen reduce its debt load if the transaction proceeds. Lumen’s CFO highlighted the strategic importance of this potential deal amid industry consolidation trends.
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