Lumen Technologies’ Network-as-a-Service Platform Exceeds 1,000 Customers

Lumen Technologies Inc. (NYSE:LUMN) is one of the most promising penny stocks under $5. On August 13, Lumen Technologies announced that its Network-as-a-Service/NaaS platform had reached a significant milestone, surpassing 1,000 customers. The company highlighted this achievement as a sign of the increasing demand for a new and programmable enterprise network designed for the AI economy.

Launched at the end of 2023, the Lumen NaaS platform is a suite of services that allows businesses to get instant and on-demand resources with advanced networking technologies. This includes Internet On-Demand for public connectivity, Ethernet On-Demand for Layer 2 private connectivity, and IP VPN On-Demand for Layer 3 private connectivity.

Lumen Technologies' Network-as-a-Service Platform Exceeds 1,000 Customers.

Close-up of a technician’s hands adjusting a communication router.

The platform also offers security features like DDoS Essentials for attack protection and Lumen Defender, powered by Black Lotus Labs, to block malicious traffic. The company was recognized as the 2024 NaaS Service Provider of the Year in North America by MPLIFY (formerly MEF). The Lumen NaaS platform is built on one of the world’s most expansive and deeply interconnected networks, which features approximately 163,000 on-net buildings and 340,000 global fiber route miles.

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.

While we acknowledge the potential of LUMN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LUMN and that has 100x upside potential, check out our report about this cheapest AI stock.

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