Concentration And Execution RiskGreater reliance on ANS and Ruckus increases exposure to cyclical project schedules and customer delays, raising the risk of uneven quarterly results.
Project Timing Pressure On ANS RevenueProject timing is likely to drive sequential declines in ANS revenues, creating near-term pressure on top-line results despite the early upgrade cycle.
Value Realization Risk From DivestituresRealizing sum-of-the-parts value depends on successful asset sales and sustained segment performance, and shortfalls in either could limit expected valuation upside.