Despite management’s decision to reduce operating expenses, the stock lacks visibility and catalysts for growth, which makes these analysts cautious. They continue to believe that TLAB’s weakened competitive position because of AT&T(T), and significant exposure to declining legacy businesses might suppress growth and profitability through the upcoming year. Moreover, a few analysts prefer to remain on the sidelines as TLAB continues to reorganize its business activities. Moreover, they are also concerned about the Company’s declining sales outlook.
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