Revenue Update on Lumos Networks Corp(NASDAQ:LMOS)

Lumos Networks Corp(NASDAQ:LMOS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $52.45M. Analysts estimated a revenue of $51.74M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.03.

Lumos Networks Corp (LMOS) made into the market gainers list on Fridays trading session with the shares advancing 0.23% or 0.03 points. Due to strong positive momentum, the stock ended at $13.34, which is also near the day’s high of $13.63. The stock began the session at $13.36 and the volume stood at 1,31,862 shares. The 52-week high of the shares is $13.764 and the 52 week low is $10.18. The company has a current market capitalization of $313 M and it has 2,34,63,661 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Joseph E. Jr. Mccourt (EVP & Chief Revenue Officer) sold 80 shares at $12.50 per share price.Also, On Jul 1, 2016, Mary Mcdermott (SVP Legal & Reg. Affairs & Sec) sold 1,000 shares at $12.08 per share price.On Mar 17, 2016, Diego B Anderson (SVP & General Manager) sold 3,000 shares at $12.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia and portions of Maryland Pennsylvania Ohio and Kentucky. The Company serves carrier business and residential customers over its fiber network offering data voice and Internet protocol (IP) services. The Company operates through three segments: Data Residential and Small Business (R&SB) and RLEC Access. The Data segment includes the Company’s enterprise data transport and Fiber to the Cell (FTTC) product groups. The R&SB segment includes legacy voice and IP services products targeted to its residential and small business customers. The RLEC Access segment provides carrier customers access to the Company’s network within the Company’s RLEC footprint and primarily includes switched access services.

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