NEW YORK, April 7, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of shareholders of Lumen Technologies, Inc. LUMINVertex Energy, Inc. VTNRFidelity National Information Services, Inc. FISand Match Group, Inc. MTCH. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Lumen Technologies, Inc. LUMIN

Class Period: September 14, 2020 – February 7, 2023

Lead Plaintiff Deadline: May 2, 2023

At the beginning of the class action period, Lumen announced that it would redefine its business by renaming itself from CenturyLink to Lumen and refine its marketing approach, cutting out market segments and operations that were inconsistent with the company’s strategic goals and adding market segments that were aligned with the vision of the company.

Specifically, Lumen announced to investors that it would leverage its existing 400,000 route miles of fiber optic cable, which previously served enterprise and wholesale markets, to expand its fiber optic services to small and medium-sized businesses (“SMB”) and residential or consumer markets. Lumen told investors that expanding its fiber optic services into the SMB and residential markets, branded as Quantum Fiber, is a natural fit for the company that represents a strong growth opportunity.

During the class period, defendants have represented to investors and the public that, among other things, Lumen has “invested heavily in our consumer fiber business” and “aggressively taken market share in our small business segment.” Defendants also stated that “we continue to expand our quantum fiber footprint and increase our market penetration” and “we have no capital constraints. So as we continue to improve our market penetration and performance, we will continue to expand our footprint and we believe we have long…