Shares of Lumen Technologies (LUMN) is up 3% today, the stock’s 52-week high is $16 with its all time high at around $50 and with a 7% dividend yield, it seems very attractive to investors.
Lumen Technologies wins U.S. Navy JAG contract
The company recently won a task order to provide secure high-speed connectivity, WiFi, unified communications and managed network services to the U.S. Navy Judge Advocate General (JAG) Corps.
Solutions will be delivered via software-defined wide area networking (SD-WAN) and managed security services hosted at the company’s federal data centers in support of 20 Navy JAG sites in the continental U.S.
The GSA’s 15-year, $50 billion Enterprise Infrastructure Solutions (EIS) program received the 12-year task order, which includes a one-year starting term and 11 one-year options.
EIS is a multi-award contract mechanism enabling federal government agencies to procure IT and telecoms infrastructure services. It provides federal agencies with the flexibility and agility they need to transition to contemporary communications and information technology services that fulfill stringent government security requirements.
Why Lumen Technologies can return to $40-$50 levels
Edge computing demand is growing faster than ever before and this is just the beginning, and with the addition of 5G, edge computing will be transformed.
You can already see this in Red Hat, the company is on a hiring spree of 500+ people to meet demand of edge computing.
Edge computing is the use of tiny computers to enable distant devices to crunch massive volumes of data without depending on connections to bigger computers.
Small yet powerful computers are considered as critical in a future when millions of devices, ranging from factory sensors to millions of automobiles, are connected to the internet and gathering data. Deploying edge computers can lessen response times and reduce bandwidth.
We can look at these open technologies as a key enabler behind 5G technology.
5G provides for an exponential growth in the amount of data that can be processed due to the increasing number of data sources or processing points that can be coupled. The problem is that this might cause current “sites to cloud” links to become overburdened, necessitating data processing considerably closer to the source. Latencies are also substantially reduced with 5G.