DENVER - In response to the increasing sophistication of cyber threats, Lumen Technologies (NYSE: LUMN) announced the launch of a new AI-powered cybersecurity solution, Lumen DefenderSM, designed to preemptively block attacks at the network edge. The product, leveraging threat intelligence from Lumen's Black Lotus Labs, aims to protect business networks by identifying and neutralizing threats before they penetrate network perimeters.
Black Lotus Labs, the threat research team within Lumen, utilizes machine learning algorithms to analyze daily network communication records, known as NetFlow sessions, across Lumen's global internet backbone
This analysis, which examines over 200 billion sessions each day, enables the detection of cyber threats, including a newly identified malware targeting business routers named "Cuttlefish." Lumen Defender is engineered to automatically prevent such infections, contributing to the continuity of business operations.
The service functions by identifying and blocking traffic from IP addresses associated with criminal organizations and nation-state actors, without requiring additional hardware. Customers can manage threats and administer the service through an online portal. Lumen Defender is offered as an add-on to existing Lumen services, including Dedicated Internet Access (DIA) and Internet On-Demand.
Before its public release, Lumen deployed Lumen Defender within its digital infrastructure. Jason Lish, Lumen's chief information security officer, endorsed the product's efficacy in enhancing the company's cybersecurity strategy.
Lumen Defender is currently in an early access phase, with availability extended to select customers. The full product is expected to be released to the market this summer. Interested businesses may reach out to Lumen sales representatives for early access inquiries.
This announcement coincides with Lumen's participation in the RSA Conference, where they are showcasing their cybersecurity solutions.
The information is based on a press release statement from Lumen Technologies.
InvestingPro Insights
Amidst the launch of Lumen Technologies' new AI-powered cybersecurity solution, Lumen DefenderSM, the company's financial health and market performance provide essential context for investors. According to real-time data from InvestingPro, Lumen Technologies currently has a market capitalization of approximately $1.21 billion. However, the company has been facing challenges as reflected in the recent stock performance and financial metrics.
InvestingPro Data highlights that Lumen's revenue in the last twelve months as of Q1 2023 has seen a decline of 14.7%, with quarterly revenue also shrinking by 11.99%. The company's gross profit margin remains relatively strong at 50.54%, yet this has not translated into profitability, with a reported basic and diluted EPS (Continuing Operations) of -$10.93. These figures underscore the hurdles Lumen is confronting in a competitive and rapidly evolving industry.
InvestingPro Tips reveal that Lumen operates with a significant debt burden and is quickly burning through cash, which may raise concerns for potential investors. Additionally, analysts do not anticipate the company will be profitable this year, and they expect a sales decline in the current year. The stock has suffered a notable decline over the last month, with a 1 Month Price Total Return of -18.49%, and analysts have not forecasted a dividend payout, emphasizing the company's focus on managing its financial challenges.
To gain a deeper understanding of Lumen Technologies' financial position and future outlook, investors can access additional InvestingPro Tips at https://www.investing.com/pro/LUMN. With 9 more InvestingPro Tips available, users are encouraged to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing valuable insights for an informed investment strategy.
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