Shenandoah Telecommunications
Provides Glo Fiber broadband and commercial fiber across regional U.S. markets.
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Profile
Provides Glo Fiber, commercial fiber, and legacy cable and DSL services in regional U.S. markets. The business became broadband-only after its wireless sale.
Provides fiber-to-the-home broadband through Glo Fiber to residential and business customers across regional U.S. markets. Its single Broadband segment also includes commercial fiber and legacy cable-based video, data, voice, and DSL services in parts of its footprint.
The business shifted to broadband-only operations after selling its wireless business and has expanded Glo Fiber through new builds and acquired networks. Its rural-service origins remain visible in its focus on regional markets. Operations depend on completing and commercializing fiber expansion, retaining subscribers against cable and fiber alternatives, and integrating acquired network assets.
Company facts
Key statistics
Year to date +10.1% · Average volume (30d) 465.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Apr 9, 2026 | Craig-Hallum | Target | $29 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | −$0.28 | −$0.17 | +39.3% | $92.8M | $93.5M | +0.7% | +7.35% |
| May 1, 2026Q1 FY26 | −$0.24 | −$0.31 | −29.2% | $91.3M | $92.2M | +0.9% | −3.50% |
| Feb 26, 2026Q4 FY25 | −$0.20 | −$0.10 | +50.0% | $90.0M | $91.6M | +1.7% | −2.36% |
| Oct 29, 2025Q3 FY25 | −$0.22 | −$0.20 | +9.1% | $90.0M | $89.8M | −0.3% | −5.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $87.9M | $88.6M | $89.8M | $0 | $92.2M | $93.5M | |
| Gross profit | $54.9M | $20.8M | $57.4M | −$32.1M | $25.4M | $60.8M | |
| Operating income | −$6.1M | −$8.9M | −$7.2M | −$5.4M | −$8.0M | −$1.0M | |
| Net income | −$9.1M | −$10.5M | −$9.4M | −$7.3M | −$17.3M | −$7.7M | |
| Diluted EPS | −$0.19 | −$0.19 | −$0.20 | −$0.13 | −$0.31 | −$0.17 | |
| Gross margin | 62.4% | 23.5% | 63.9% | — | 27.5% | 65.0% | |
| Operating margin | -6.9% | -10.1% | -8.0% | — | -8.7% | -1.1% |
Fiscal years (4-quarter sums)FY21 $245.2M · FY22 $267.4M · FY23 $273.7M · FY24 $328.1M · FY25 $266.3M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $23.9M · Total debt $727.9M · Total assets $1.97B · Shareholders' equity $859.9M
Dividends
Raised for 4 straight years — most recently to $0.11 from $0.10 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 7, 2025 | Nov 7 | Dec 1 | $0.11 | raised from $0.10 |
| Nov 5, 2024 | Nov 5 | Dec 2 | $0.10 | raised from $0.09 |
| Nov 6, 2023 | Nov 7 | Dec 1 | $0.09 | raised from $0.08 |
| Nov 4, 2022 | Nov 7 | Dec 1 | $0.08 | raised from $0.07 |
| Nov 5, 2021 | Nov 8 | Dec 1 | $0.07 |
Ownership
Shares outstanding 55.36M · Float 42.98M · 77.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.09M | 12.80% | 13F | Aug 7, 2026 |
| Energy Capital Partners GP IV, LP | 6.77M | 11.60% | 13D | Aug 12, 2025 |
| GCM Grosvenor Holdings, LLC | 4.12M | 7.43% | 13F | Aug 14, 2026 |
| GCM Investments GP, LLC | 4.12M | 7.40% | 13D | Jun 10, 2026 |
| Ecp Controlco, LLC | 3.46M | 6.24% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Edward H. McKay | officer: President & CEO | +2,000 | $12.14 |
| Jul 31, 2026 | James J. Volk | officer: SVP Finance & CFO | +4,283 | $11.67 |
| Sep 10, 2025 | ECP ControlCo, LLC | 10 percent owner | +13,541 | $13.29 |
| Sep 11, 2025 | ECP ControlCo, LLC | 10 percent owner | +1,803 | $13.34 |
| Sep 10, 2025 | ECP Fiber Holdings GP, LLC | 10 percent owner | +13,541 | $13.29 |
Peers
- Comcast
Xfinity cable broadband and video rival in Mid-Atlantic expansion markets
- Charter Communications
Spectrum broadband, WiFi, mobile, TV, and voice connectivity competitor
- Lumen Technologies
Enterprise fiber and network-services competitor for commercial connectivity
- T-Mobile
5G fixed-wireless home internet substitute for wireline broadband
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Shenandoah Telecommunications | $12.46 | +0.04% | $689.8M | — | — | 2.5 | +5.5% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| Lumen Technologies | $6.10 | +0.91% | $6.22B | — | — | 0.5 | −9.3% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| Median | 8.8 | 7.7 | 0.6 | −1.5% |