My Take On CenturyLink's Revenue Growth Or Lack Thereof

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About: CenturyLink, Inc. (CTL)
by: David Klein
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David Klein
Value, growth at reasonable price, dividend investing, equity research
Summary

Total revenue will decline for the foreseeable future.

5G will be a net positive for revenue growth but mass deployment of 5G is at least a year away.

The dividend is safe for the foreseeable future if Enterprise revenue hit an inflection point over the next few quarters, i.e., accelerating losses start to reverse.

Benchmarks laid out in this article track future results. If management meets or exceeds these benchmarks the dividend is sustainable, and the stock is undervalued at today's prices.

Centurylink (CTL) guided capital expenditures to 16% of revenue when 2018 guidance was issued in February 2018 but did not give revenue guidance. My last article ("My Take On CenturyLink, Its Free Cash