Shenandoah Telecommunications Stock Price, News & Analysis

Shenandoah Telecommunications Company (SHEN) will release its Q2 2022 financial results on August 3, 2022, before the market opens. A conference call, set for 8:30 AM ET on the same day, will discuss these results and business highlights. Participants are encouraged to register in advance to avoid delays. The company provides broadband services across the Mid-Atlantic U.S., leveraging over 7,600 route miles of fiber and more than 220 macro cellular towers.

Shenandoah Telecommunications Company (SHEN) has announced a $10 million grant from the Maryland Office of Statewide Broadband to expand its Glo Fiber services in Frederick County, Maryland. This initiative aims to deliver high-speed internet, with speeds up to 2 Gbps, to over 3,000 homes and businesses. Construction will commence in 2023, supporting local economic growth and improving access to essential services. This move is a significant step towards closing the digital divide, enhancing connectivity for residents in underserved areas.

Shenandoah Telecommunications Company (Nasdaq: SHEN) has partnered with Massanutten Resort to deliver robust voice and internet services through Glo Fiber Enterprise. This initiative includes a customized multi-site network that enhances communications across six locations within the resort. The project aims to improve operational efficiency and advanced customer service, particularly through a sophisticated contact center solution. The collaboration showcases Glo Fiber's expanding reach, benefiting businesses across Virginia and neighboring states.

Shenandoah Telecommunications Company (SHEN) announced the appointment of Dara Leslie as Senior Vice President of Sales & Marketing as of June 20, 2022. With over 20 years in the broadband industry, including 10 years at Comcast, Leslie will spearhead revenue growth for both commercial and residential sectors. Ed McKay, the COO, emphasized her extensive experience as crucial for executing Shentel's fiber-first growth strategy. This leadership change aims to enhance Shentel's marketing and operational effectiveness as the company expands its service footprint.

Shenandoah Telecommunications Company (Nasdaq: SHEN) is expanding its Glo Fiber network to Sussex County, Delaware, bringing internet speeds up to 2 Gbps. The project will serve over 21,000 homes and businesses, marking Glo Fiber's first foray into Delaware. Construction is scheduled to begin in early 2023. The expansion aims to enhance broadband competition and offer residents high-quality services, such as multi-gigabit internet access and streaming TV. Glo Fiber will utilize Shentel's extensive 7,600-mile fiber network to ensure reliable service.

Shenandoah Telecommunications Company (Nasdaq: SHEN) announced plans to expand its Glo Fiber service in South Central Pennsylvania, bringing internet speeds up to 2 Gbps to over 8,300 homes and businesses in Waynesboro, Shippensburg, and Greencastle. Construction is to begin this summer, with the company already having a presence in Hanover and Carlisle. The expansion aims to enhance local infrastructure and provides competitive, reliable fiber-optic internet options.

Shenandoah Telecommunications Company (SHEN) announced the expansion of Glo Fiber's high-speed internet network to six towns in Rockingham County, Virginia. Construction will start in late summer 2022, with services expected to launch by the end of 2022. This project aims to provide internet speeds up to 2 Gbps to over 8,000 homes and businesses by mid-2023. Glo Fiber’s offerings include symmetrical internet access, phone services, and advanced Wi-Fi technologies. Local leaders express excitement about the economic benefits this expansion will bring to their communities.

Shenandoah Telecommunications Company (Nasdaq: SHEN) reported a revenue increase of 7.9% to $64.4 million for Q1 2022 versus Q1 2021, driven by strong growth in the Broadband segment. Net adds for Glo Fiber reached approximately 3,600, contributing to the total homes passed growing to about 94,000. However, the company faced pressures on margins due to escalated operating expenses, resulting in a loss per share of $(0.01) compared to income of $0.06 in the prior year. The company's focus remains on cost-saving initiatives to improve margins in the latter half of 2022.

Shenandoah Telecommunications Company (Nasdaq: SHEN) has announced a significant expansion of its Glo Fiber network into Northern York County, Virginia. Starting in early 2023, the construction aims to provide a 100% fiber-optic network to nearly 5,000 homes and businesses. The service will offer internet speeds up to 2 Gbps, alongside streaming TV and phone services. Glo Fiber emphasizes affordable pricing with no hidden fees. The expansion supports the community's diverse needs, enhancing connectivity for residents and local businesses.