Shenandoah Telecommunications Stock Price, News & Analysis

Shenandoah Telecommunications (SHEN) reported Q3 2024 results with revenue growing 30% to $87.6 million, primarily driven by the Horizon acquisition contributing $16.9 million. Glo Fiber added approximately 6,000 subscribers, reaching over 59,000 total subscribers, with passings growing by 22,000 to 320,000. The company reported a net loss of $5.3 million, mainly due to higher depreciation and interest expenses. Adjusted EBITDA increased 31.3% to $26.6 million, with margins improving from 27% to 30% sequentially. The Horizon integration is ahead of schedule with expected annual synergy savings of $11 million.

Shenandoah Telecommunications Company (SHEN) has scheduled its third quarter 2024 earnings call for Thursday, November 7, 2024, at 8:00 a.m. Eastern Time. The company will release its financial results before market opening on the same day. The earnings discussion will include financial results and business highlights. Investors can access the call through the company's investor relations website, while analysts need to register separately for dial-in access. A replay of the call will be available on the company's website for a time.

Shenandoah Telecommunications Company (SHEN) has declared a cash dividend of $0.10 per share, payable on December 2, 2024, to shareholders of record as of November 5, 2024. This represents an 11.1% increase ($0.01 per share) compared to the December 2023 dividend. The announcement marks Shentel's sixty-fifth consecutive year of annual dividends, reflecting the company's confidence in its Glo Fiber expansion plans.

Glo Fiber, powered by Shenandoah Telecommunications Company (Nasdaq: SHEN), has begun construction to deploy fiber-to-the-home broadband services in Frederick County, MD. The company has been awarded multiple grants from the Maryland Office of Statewide Broadband to deliver a 100% fiber network to over 4,500 unserved locations in the county. Glo Fiber offers symmetrical upload and download speeds of up to 5 Gbps, leveraging Shentel's 16,000-mile regional fiber network.

The expansion includes rural areas of Frederick County, with services already launched in the City of Frederick. Glo Fiber's offerings include high-speed internet, phone service, video service, and Whole Home Wi-Fi. The company emphasizes its superior local customer service and straightforward pricing with no long-term contracts.

Glo Fiber, operated by Shenandoah Telecommunications Company (SHEN), has announced plans to expand its fiber-optic broadband services to approximately 15,000 homes and businesses in Steubenville, Mingo Junction, Wintersville, and surrounding areas in Jefferson County, Ohio. The company offers symmetrical upload and download speeds of up to 5 gigabits per second (Gbps), leveraging its 16,000-mile regional fiber network.

Glo Fiber's services include high-speed internet, phone service, video service, and Whole Home Wi-Fi. The expansion is part of Glo Fiber's strategy to provide fast, reliable broadband and quality customer service in smaller cities, towns, and rural areas. The company currently serves approximately 300,000 homes and businesses and is continuing its expansion in Ohio.

Glo Fiber, powered by Shenandoah Telecommunications Company (SHEN), has been named the Fiber Provider of the Year in Cablefax's 2024 Top Ops Awards. This recognition highlights Glo Fiber's commitment to delivering high-performance fiber internet services to approximately 300,000 homes across 6 states. The award acknowledges excellence in customer service, innovation, and operational efficiency in the cable and telecommunications industry.

Glo Fiber's key differentiators include:

• Fiber-to-the-home technology with exceptional reliability
• Symmetrical download and upload speeds up to 5 Gbps
• Easy, straight-forward pricing
• Prompt, local customer service

Shentel's COO, Ed McKay, expressed pride in the recognition and reaffirmed the company's commitment to expanding its fiber network and delivering high-speed, reliable internet to more communities.

Shenandoah Telecommunications Company (Nasdaq: SHEN) reported its Q2 2024 results, highlighting the completion of the Horizon acquisition for $385 million. Revenue grew 28.7% to $85.8 million, with Horizon contributing $16.7 million. Glo Fiber Expansion Markets added 5,000 subscribers, reaching 53,000 total. However, the company reported a net loss of $12.8 million, primarily due to integration and acquisition expenses. Adjusted EBITDA increased by 19.7% to $23.3 million. Capital expenditures rose to $150.9 million for the first half of 2024. The company also issued $81 million in Preferred Stock and upsized its credit facility by $275 million to support growth initiatives.

Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) has appointed Michael A. Rhymes to its board of directors and Audit Committee on July 30, 2024. Rhymes, currently the Chief Information Officer at Entergy (NYSE: ETR), brings extensive experience in information technology, strategic planning, and business transformation.

Prior to Entergy, Rhymes held leadership positions at Gates , Eaton, Cooper Industries, Ernst & Young, and Accenture. He holds a Bachelor of Science in Economics and an MBA from Texas A&M University. Shentel's Chairman and CEO, Christopher E. French, expressed enthusiasm about Rhymes' appointment, highlighting his expertise in technology, cybersecurity, and organizational development in regulated industries.

Glo Fiber, operated by Shenandoah Telecommunications Company (NASDAQ: SHEN), has announced plans to expand its fiber-optic broadband services to approximately 13,800 homes and businesses in Zanesville, Ohio. The company offers symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) through its fiber-to-the-home technology and 15,600-mile regional fiber network.

Glo Fiber's expansion in Ohio is part of its rapid growth, now passing over 275,000 homes and businesses with its fiber-optic networks. The company emphasizes superior local customer service, high-speed internet reliability, and additional services such as phone, video, and Whole Home Wi-Fi. Key differentiators include exceptional network reliability, symmetrical speeds, straightforward pricing without long-term contracts, and prompt local customer service.