9 Best Growth Stocks Under $30 to Buy

4. Lumen Technologies Inc. (NYSE:LUMN)

Share Price as of September 16: $5.59

Number of Hedge Fund Holders: 40

Lumen Technologies Inc. (NYSE:LUMN) is one of the best growth stocks under $30 to buy. On September 9, Lumen Technologies announced the launch of Wavelength RapidRoutes which sets a new standard for enterprise connectivity speed by offering ready-to-deploy 100G and 400G wavelength services. The solution is designed to meet the growing demands of AI and cloud network architectures, eliminating the typical multi-month wait times for provisioning.

Lumen provides an industry-leading 20-day delivery Service Level Agreement/SLA for the service, starting from the date the order is fully executed. RapidRoutes are pre-defined, high-demand network connections built for the AI era, specifically targeting enterprises, hyperscalers, content providers, government organizations, and other data-intensive industries that need to move massive amounts of data quickly.

By using these pre-engineered routes across Lumen’s intercity fiber network, the need for custom engineering is removed, making network procurement predictable and effortless. Lumen’s goal is to grow its intercity fiber network to over 47 million miles by the end of 2028. Lumen is also aggressively expanding its 400G-enabled footprint to 100,000 wavelength route miles, adding 1.26 petabytes of new capacity at over 300 locations across 25 metro markets.

Lumen Technologies Inc. (NYSE:LUMN) is a networking company that provides integrated products and services to business and mass customers in the US and internationally.