Jim Cramer on Lumen Technologies: “I Think the Stock’s Run Too Much”

Lumen Technologies, Inc. (NYSE:LUMN) is one of the stocks Jim Cramer was asked about. During the lightning round, a caller asked about the stock, and Cramer stated:

“Okay, I mean, look, this is home business technology. I think the stock’s run too much. I know an $8 stock, people think… can’t hurt you, but it can. I’d say be careful.”

Photo by Yiorgos Ntrahas on Unsplash

Lumen Technologies, Inc. (NYSE:LUMN) provides networking and communication products and services, including fiber, cloud, IP, managed security, and legacy data solutions. On December 1, the company announced that it launched Lumen Defender Managed Rules for AWS Network Firewall. The launch brings Lotus Labs’ threat intelligence directly to AWS customers to detect and block cyber threats before they reach networks. The Vice President of Black Lotus Labs and Product Security at Lumen, Martin Nystrom, said:

“Because Lumen operates one of the world’s most deeply connected global networks, our Defender threat intelligence delivers an upstream view into malicious infrastructure before it targets customers. By integrating this intelligence directly into AWS Network Firewall, we enable earlier detection and disruption of botnets, malware, and nation-state activity—helping organizations strengthen their defenses at the network edge.”

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Disclosure: None. This article is originally published at Insider Monkey.