Lumen's High Wire Act: Cloud Ambitions and Debt Hang in the Balance Lumen Technologies' push into cloud modernization, particularly its partnership with Amdocs to bring its enterprise service orchestration platform to Amazon Web Services (AWS), has significant implications for the company's future.
CEO Kate Johnson's recent stock purchase reinforces her team's bet on pivoting towards becoming a Network as a Service provider.
This shift is no small feat, especially considering Lumen's legacy operations continue to hemorrhage revenue – a 15% year over year decline in the second quarter underscores the challenges facing the company.