Why Market Players Were Piling on Lumen Technologies Stock This Week

News of a partnership with a top-of-class cloud computing enterprise helped propel Lumen Technologies (NYSE: LUMN) stock to an impressive gain this week. Over the five-day trading period, the storied tech and telecom company's shares rose by more than 15%, according to data compiled by S&P Global Market Intelligence. On Wednesday, Lumen announced that it had been tapped as the first network operator to partner with Amazon Web Services' AWS Interconnect service. This is a so-called "last mile" connectivity business that provides high-speed cloud services to its clients. Lumen and AWS will leverage the former's considerable last-mile and metro networks for this work.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool