Lumos Networks Corp.NASDAQ
Thu, Nov. 17, 11:34 AM
- Lumos Networks (LMOS +0.6%) is providing fiber connectivity to Equinix (EQIX -0.4%) IBX data centers in Ashburn, Va. (DC1 and DC2), and Chicago, adding state-of-the-art facilities to its network.
- The company offers Ethernet service to the Chicago site, and Ethernet and Wavelength connectivity to the Ashburn centers.
- Lumos also connects to the Equinix Cloud Exchange (interconnection for private access to multiple cloud providers), with Ethernet service.
Wed, Nov. 9, 8:01 AM
Tue, Nov. 8, 5:30 PM
Wed, Aug. 3, 3:36 PM
- Lumos Networks (NASDAQ:LMOS) has settled in with a healthy 6.2% gain after its beat on top and bottom lines in Q2 earnings today.
- Revenues grew nearly 3% and EBITDA was up almost 5% to $23.8M, beating an expected $23.6M.
- The company says it continues to progress on the creation of a pure-play fiber entity, with consultants "fully engaged" in analyzing separating legacy assets.
- Total data revenue grew 10%, outpacing overall revenue, and it continues to expect 8-10% growth in 2016.
- Revenue breakout: Enterprise data, $12.9M; Transport, $8.9M; FTTC, $9.2M; Residential and Small Business, $16.1M; RLEC Access, $5.3M.
- The company reached 1,295 unique fiber-to-the-cell sites (up 33%) with 1,636 total FTTC connections (up 25%). It completed 251 fiber route miles in the quarter and added 110 lit Enterprise buildings to hit 1,922.
- Press Release
Wed, Aug. 3, 7:02 AM
Tue, Aug. 2, 5:30 PM
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Thu, May 5, 7:06 AM
- Lumos Networks (NASDAQ:LMOS): Q1 EPS of -$0.13 misses by $0.14.
- Revenue of $50.8M (+0.6% Y/Y) misses by $0.86M.
Wed, May 4, 5:30 PM
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Mon, Mar. 7, 10:32 AM
- Lumos Networks (NASDAQ:LMOS) is up 5.5% after Q4 results where it beat on top and bottom lines and grew Enterprise revenue more than 10% for the second straight quarter.
- EBITDA was up more than 9% to $24.6M, beating an expected $23M.
- Revenue breakout: Enterprise Data, $11.9M (up 10.2%); Transport, $10M (down 8.7%); FTTC, $7.9M (up 43%); Residential and Small Business, $16.4M (down 5.9%); RLEC Access, $5.6M (down 5.2%).
- It ended the quarter with 1,440 total FTTC connections, up almost 25% Y/Y.
- For 2016, the company is guiding to revenue of $206M-$210M, EBITDA of $93M-$96M (both in line with expectations) and capex of $85M-$95M.
Mon, Mar. 7, 8:04 AM
- Lumos Networks (NASDAQ:LMOS): Q4 EPS of $0.12 beats by $0.07.
- Revenue of $51.85M (+2.3% Y/Y) beats by $1.3M.
Sun, Mar. 6, 5:30 PM
Tue, Feb. 9, 7:45 PM
- Lumos Networks (LMOS +1.3%) has attained authorized vendor status from the Virginia Information Technologies Agency, paving the way for more leverage with governments and nonprofits.
- The company had about 3,300 route miles of its fiber network in Virginia, of a total 8,408 miles. As of Q3's end, about 65% of its total on-net locations were in the state.
- The approved status will also support the company's e-rate efforts, targeted at getting eligible services to schools and libraries.
Fri, Jan. 29, 3:39 PM
- Thinly traded Mid-Atlantic telecom Lumos Networks (NASDAQ:LMOS) is up 1.8% today -- a significant move for the stock lately, but trailing the broader market -- alongside news that it's launched gigabit broadband service to Botetourt County, Va.
- That's its second launch, following last spring's rollout of service to the Alleghany Highlands. It's the only provider offering gigabit service in those Virginia markets.
- It's accomplishing it with fiber-to-the-premise (for homes and small businesses), and the company expects its entire fiber footprint will be able to offer gigabit speeds by the end of the year.
Nov. 2, 2015, 5:37 PM
- Telecom Lumos Networks (LMOS +1.9%) logged Q3 results where profits missed slightly despite a revenue beat and the company added the most organic fiber miles (308 route miles) in its history.
- Operating income was $8.6M and net income $1.3M. The company's showing "steady progress" in a transition to becoming a fiber bandwidth infrastructure provider, says CEO Timothy Biltz.
- Revenue by segment: Total Data, $28.6M (up 8.1%); Residential and Small Business, $16.6M (down 6.2%); RLEC Access, $5.8M (down 24.7%). Of data -- which made up more than 56% of total revenue -- Enterprise data was $11.6M; Transport, $9.5M; FTTC, $7.6M.
- Lumos ended the quarter with 1,030 unique fiber-to-the-cell sites, 1,363 total FTTC connections, 33 data centers (seven company-owned co-location facilities), 1,642 on-net building and 2,700 on-net locations.
- The company's reiterating full-year guidance for revenues of about $202M (vs. consensus $203M), EBITDA of about $92M (over an expected $90.6M) and capex of about $112M.
- Shares are flat in after-hours trading.
- Conference call to come tomorrow at 10 a.m. ET.
Nov. 2, 2015, 4:44 PM
- Lumos Networks (NASDAQ:LMOS): Q3 EPS of $0.06 misses by $0.02.
- Revenue of $50.97M (+0.9% Y/Y) beats by $0.49M.
Aug. 6, 2015, 11:23 AM
- Lumos Networks (NASDAQ:LMOS) is selling off, -11.2%, after an earnings report late yesterday that beat expectations but also noted a $150M investment from Pamplona Capital Management to form a strategic partnership.
- The goal of the partnership is to speed Lumos' move toward a pure-play fiber bandwidth infrastructure company. Pamplona affiliates invested $150M in debt securities and warrants to acquire up to 5.5M shares of common stock.
- Lumos will allocate up to $50M of the proceeds to pay down senior bank debt, with about $100M allocated toward growth opportunities. Pamplona gets two board seats.
- Today, the company announced it had extended fiber connectivity into DuPont Fabros' largest campus, in Ashburn, Va., and that it had launched its 24th (and biggest) enterprise market with a 270-mile fiber network in Hampton Roads/Norfolk, Va.