12 Best Growth Stocks Under $25 to Buy Now

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8. Lumen Technologies, Inc. (NYSE:LUMN)

Number of Hedge Fund Holders: 26

Share Price as of January 8, 2024: $5.55

Lumen Technologies, Inc. (NYSE:LUMN) is a telecommunications company offering cloud solutions, network services, security services, and other managed services. The company offers its services to multiple leading names such as Zoom, Vikings, VSP Vision, Seattle Seahawks, BlackStar Group, and Horizon Bank. Over the past few months, the company has expanded its services and line-up by partnering with key stakeholders in the technology sector.

For instance, on November 5, Lumen Technologies, Inc. (NYSE:LUMN) announced a partnership with Google Cloud to speed up its digital transformation and innovation process. The partnership will allow Lumen to power AIOps and provide data insights across its network using Google Cloud. Similarly, in October, LUMN announced a partnership with Meta to help the company accelerate its AI goals.

The company’s partnerships and collaborations with tech giants have significantly boosted its position in the industry. In addition to that, the advent of AI has pushed the stock higher. 26 hedge funds were bullish on the stock at the end of Q3 2024.

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