Revenue Update on Shenandoah Telecommunications Company(NASDAQ:SHEN)

Shenandoah Telecommunications Company(NASDAQ:SHEN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $130.31M. Analysts estimated a revenue of $93.96M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.25.

In a different note, On Jun 9, 2016, Raymond James said it Downgrades its rating on Shenandoah Telecommunications Company. The shares have been rated ‘Market Perform’ by the firm.

Shenandoah Telecommunications Company (SHEN) shares turned negative on Wednesdays trading session with the shares closing down -1.88 points or -6.51% at a volume of 4,44,525. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.54. The peak price level was also seen at $28.54 while the days lowest was $26.98. Finally the shares closed at $26.99. The 52-week high of the shares is $42.66 while the 52-week low is $18.39. According to the latest information available, the market cap of the company is $1,320 M.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, James E Ii Zerkel (director) sold 1,500 shares at $36.46 per share price.Also, On Jun 23, 2016, Douglas C Arthur (director) sold 9,000 shares at $36.09 per share price.On Jun 22, 2016, Thomas A Whitaker (SR VP – Operations) sold 3,000 shares at $36.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia West Virginia central Pennsylvania and western Maryland. The Company operates in four segments: Wireless Cable Wireline and Other. The Company’s Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg York and Altoona Pennsylvania to Harrisonburg Virginia. The Cable segment provides video Internet and voice services in franchise areas in portions of Virginia West Virginia and western Maryland. The Wireline segment provides regulated and unregulated voice services digital subscriber lines (DSL) Internet access and long distance access services. The Other segment includes operations of Shenandoah Telecommunications Company.

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