Financial PerformanceLUMN reported weaker-than-expected 1Q revenue and adjusted EBITDA due to a combination of secular headwinds and customer uncertainty.
Operational RisksGiven the state of the enterprise market decline, the time it will take to gain market share in mid-market, choppiness of wholesale and the operational risk of its FTTH build, analysts remain on the sidelines.
Strategic ChallengesIt is unclear how quickly the emerging opportunity will materialize and how LUMN will balance the need to invest with the need to service debt and generate positive free cash flow.