Lumen Technologies (NYSE:LUMN) was upgraded at Wells Fargo on Friday as the investment firm said there are several positives for the telecom company, including private connectivity fabric-related sales and potential for its quantum fiber unit.

Fintel reports that on February 21, 2025, Wells Fargo upgraded their outlook for Lumen Technologies (NYSE:LUMN) from Underweight to Equal-Weight. Analyst Price Forecast Suggests 14.24% Upside As of February 19,

Quantum computing takes a leap forward with fiber-optic-connected qubits, making large-scale and networked quantum systems more feasible. Qubits—the building blocks of quantum computing—are driving advancements across the tech industry.

The Israeli company’s latest round marks one of the largest fundraisings to date for a quantum computing company.