01:05 PM EDT, 08/01/2024 (MT Newswires) -- Lumen Technologies ( LUMN ) shares jumped more than 12% in recent Thursday training after the company said it has struck a deal with Corning (GLW) for a substantial supply of optical cable.

The firm said the cable will more than double its US intercity fiber miles, offering significant capacity to major cloud data centers.

Lumen also said it secures 10% of Corning's global fiber capacity for each of the next two years with the deal. Financial details were not disclosed.

Price: 3.54, Change: +0.39, Percent Change: +12.35