Lumen Technologies Launches New Security Service with Palo Alto

Lumen Technologies (LUMN) has launched a new cybersecurity service in partnership with Palo Alto Networks (PANW), aiming to bolster its security offerings amid a sharp decline in its stock price.

The Product

The Lumen Defender Advanced Managed Detection and Response (AMDR) service combines Palo Alto Networks' Cortex XSIAM platform, powered by artificial intelligence, with threat intelligence from Lumen's Black Lotus Labs. The service is designed to provide advanced threat detection and response for enterprise customers.

Pricing and Availability

Lumen has not yet disclosed pricing details or general availability. The service is expected to be available to both existing and new Lumen customers.

Competition

Lumen enters the competitive Managed Detection and Response (MDR) market, facing rivals such as CrowdStrike, SentinelOne, and Microsoft. However, the partnership with Palo Alto Networks may give it a competitive edge due to Cortex XSIAM's reputation.

Potential Impact on the Company

The launch comes as Lumen's stock faces pressure, declining 24.03% over 30 days and 17.31% over 90 days. The new product could help improve future revenue prospects and attract new customers, though its impact on the stock remains to be seen.