Shenandoah Telecommunications Company (SHEN) Stock

Shenandoah Telecommunications Company (SHEN) is a Communication Services stock trading at $12.32 (as of 2026-08-20), with a market capitalization of $681.57M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. Its Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, via hybrid fiber coaxial cable under the Shentel brand, fiber optic services under the Glo Fiber brand, and fixed wireless network services under the Beam brand name. This segment leases fiber and provides Ethernet and wavelength fiber optic services. In addition, the company offers voice and digital subscriber line telephone services. The company's Tower segment owns 220 cell towers and leases colocation space on the towers. Shenandoah Telecommunications Company was founded in 1902 and is based in Edinburg, Virginia.

Understand Shenandoah Telecommunications Company: how it makes money

Shenandoah Telecommunications Company provides broadband communication services (broadband, video, and voice) and fixed wireless network services in the Mid-Atlantic U.S., and it also leases fiber and provides Ethernet and related connectivity services, earning money from customer broadband and data service revenue.

The company’s profit model is driven by recurring broadband and related data service revenue tied to its network footprint, with additional revenue from network services such as fiber leasing and Ethernet-type connectivity.

Revenue by segment (latest quarter)
Broadband$0.1B
Cable$0.0B

Business quality (Weak): Business is focused on broadband and related network services across incumbent and expansion markets, and the latest quarter showed a negative operating margin (-11.4%), which makes cost control a key question.

Bull case

  • Multiple revenue streams inside the broadband business (service and data categories), supporting diversification of how customers generate revenue: The company provides broadband, video, and voice services, and also provides fiber-related services such as leasing fiber and Ethernet connectivity.
  • Footprint includes both incumbent broadband markets and Glo Fiber expansion markets: Revenue is reported across incumbent broadband and Glo Fiber expansion markets, which can help track where growth is coming from.

Bear case

  • Latest quarter operating margin was negative (-11.4%): This indicates operating costs exceeded operating income in the most recent period, increasing sensitivity to revenue softness.
  • Near-term performance depends on the mix of revenue categories within broadband and cable markets: The company’s reported revenue includes both broader broadband revenue and cable market revenue, so changes in mix could affect profitability.
Valuation — source: SEC EDGAR (first-party)
Price$12.32
Market Cap$681.57M
EV / EBITDA12.1
Price / Book0.79
Price / Sales1.88
FCF Yield-36.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$357.85M
Net Margin-9.2%
Revenue Growth (YoY)4.8%
EPS Growth (YoY)63.2%
FCF Growth (YoY)-18.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.07 (distress)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($107.60M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryCommunication
CEOEdward H. McKay
Employees1,089
CountryUS
IPO Date1999-04-26

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SHEN earnings history · SHEN institutional & insider holders · SHEN KPIs & operating metrics · SHEN financials · SHEN investor presentations & press releases · SHEN SEC filings · SHEN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.