Welcome to our dedicated page for Shenandoah Telecom Co news (Ticker: $SHEN), a resource for investors and traders seeking the latest updates and insights on Shenandoah Telecom Co stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Shenandoah Telecom Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Shenandoah Telecom Co's position in the market.
Rhea-AI Summary
Glo Fiber Business, powered by Shenandoah Telecommunications Company, partners with CoreSite to offer secure colocation services in Washington, D.C. The collaboration aims to provide direct cloud connectivity to major providers like Amazon, Google, and Microsoft, benefiting businesses, government entities, and financial institutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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Rhea-AI Summary
Shenandoah Telecommunications Company (Shentel) reported strong financial and operating results for the fourth quarter and full year 2023, with significant growth in Glo Fiber data customers, passings, and revenue. The company announced plans to acquire Horizon Acquisition Parent LLC and highlighted the success of Glo Fiber in driving revenue and EBITDA growth. Despite positive results, there are challenges such as declining Tower segment revenue and the need for additional growth capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.75%
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Rhea-AI Summary
Shentel's Glo Fiber to provide 5 Gbps internet speeds to Kingsmill community, boosting property values and supporting remote work. The fiber-to-the-home network promises high speeds, reliability, and local customer service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.8%
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Rhea-AI Summary
Shenandoah Telecommunications Company (Nasdaq: SHEN) announced that its employees volunteered over 252 hours in 2023, supporting Habitat for Humanity and the Blue Ridge Area Food Bank. They also donated $19,000 to local charities. Dara Leslie, Senior VP of Sales and Marketing, highlighted the company's commitment to corporate social responsibility and community impact.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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Rhea-AI Summary
Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its fourth quarter and full year 2023 financial results on February 21, 2024. The company will host a conference call and webcast to discuss its financial results and business highlights. Analysts and investors can listen via the internet or register to dial-in for the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
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Rhea-AI Summary
Shenandoah Telecommunications Company (SHEN) announced the availability of 100% fiber optic broadband service in several neighborhoods in Rockingham County, with construction expected to be complete by mid-2024. The service will provide super-fast, symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) to over 8,000 homes and businesses. Glo Fiber also offers TV streaming and phone services, as well as Wall-to-Wall WiFi service. The company prides itself on its fiber-to-the-home technology, symmetrical speeds, easy pricing, and prompt local customer service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
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Rhea-AI Summary
Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN), has announced an expansion to bring internet speeds up to 5 Gbps to over 7,500 homes and businesses in Springettsbury Township, Pennsylvania. The company's fiber-to-the-home network, coupled with Shentel's regional fiber network, enables Glo Fiber to deliver high speeds, low latency, and unparalleled reliability. The expansion will provide residents with additional options for internet, TV, and phone services, along with wall-to-wall WiFi service. Glo Fiber is already available to over 30,000 homes and businesses in Pennsylvania, Maryland, Virginia, and West Virginia, and is known for its exceptional reliability, symmetrical download and upload speeds, easy pricing, and prompt local customer service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
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Rhea-AI Summary
Glo Fiber, powered by Shenandoah Telecommunications Company (Nasdaq: SHEN), brings 100% fiber optic broadband service to Spring Garden Township, Pennsylvania, offering symmetrical upload and download speeds up to 5 gigabits per second (Gbps) and multi-gig TV and phone services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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Rhea-AI Summary
Shenandoah Telecommunications Company (Shentel) announced its third quarter 2023 financial and operating results. Glo Fiber constructed its 200,000th home and business passing, with over 202,000 passings in total. Glo Fiber Markets added approximately 4,500 subscribers, a 13.9% increase compared to the third quarter of 2022. Consolidated revenue grew 7.3% to $71.8 million, with Glo Fiber Markets revenue growing 90.5% to $9.3 million. Consolidated net income was $1.6 million, compared to a net loss of $2.7 million in the same quarter last year. Consolidated Adjusted EBITDA grew 20.5% to $22.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.53%
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Rhea-AI Summary
Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel), has partnered with municipal officials to bring next generation fiber-to-the-home broadband services to the City of Lancaster, Pennsylvania. The expansion will provide internet speeds up to 5 Gbps to over 20,000 homes and businesses. Construction is set to begin mid-2024 and last approximately 18 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
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Shenandoah Telecom Co
Nasdaq:SHEN
SHEN Rankings
SHEN Stock Data
734.75M
48.21M
4.04%
58.05%
1.47%
Wireless Telecommunications Carriers (except Satellite)
Information
United States of America
EDINBURG
About SHEN
we’re shentel. we may be new to you, but we’ve been in business since 1902. back then, we were a small phone company serving our neighbors in virginia’s northern shenandoah valley. today we bring advanced broadband services, digital tv, high-speed internet and phone services to more of our neighbors in virginia, west virginia, and maryland. we specialize in providing advanced services to rural and underserved markets, because we believe they deserve the same level of service that you would expect from a larger metropolitan area.