UNIT · Uniti Group
The AI's read
More orders from large cloud and AI customers support demand for Uniti's fiber network. The company kept its full-year forecast, and management expects stronger cloud work in Q4 to make up for this quarter's timing and spending costs. The drop in adjusted EBITDA is a real concern. Management linked it to a customer deal change, a delayed cloud deal, and spending to keep subscribers, rather than weaker fiber demand.