Shenandoah Telecommunications Company (SHEN) Stock Price & Analysis
Shenandoah Telecommunications Company (SHEN) closed at USD 10.3 on Thursday, October 22, 2026, up 5.53% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.76; the Oct 22, 2026 session ranged USD 9.76–10.32 on volume of 728,711 shares. Market capitalization is $570.26M, with a 52-week range of USD 9.54–17.35 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SHEN.md
Key facts (SHEN)
- Last four reported quarters (through Jun 30, 2026): revenue $367M, net income -$39.7M (-10.8% margin), free cash flow -$227M (SEC filings).
- 1 of 80 tracked superinvestors hold SHEN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Total return with dividends: 1Y -18.6% vs S&P 500 +14.9%; 5Y -65.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD -0.23, revenue estimate $94.1M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SHEN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $245M | $249M | $269M | $328M | $358M | $367M |
| Operating income | -$2.4M | -$17.5M | $142K | -$28.6M | -$23.2M | -$19.5M |
| Net income | $999M | -$8.4M | $8.0M | $194M | -$32.9M | -$39.7M |
| EPS (diluted) | $19.92 | -$0.17 | $0.16 | $3.54 | -$0.71 | — |
| Free cash flow | -$411M | -$114M | -$141M | -$257M | -$258M | -$227M |
| Operating margin | -1.0% | -7.0% | 0.1% | -8.7% | -6.5% | -5.3% |
| Net margin | 407.3% | -3.4% | 3.0% | 59.1% | -9.2% | -10.8% |
| Revenue growth | +11.1% | +1.5% | +8.1% | +21.9% | +9.1% | — |
| Cash + short-term investments | $84.3M | $44.1M | $139M | $46.3M | $27.3M | — |
| Total debt | $0K | $75.0M | $300M | $418M | $642M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SHEN)
P/E at fiscal year-ends: Dec 2024 3.5x, Dec 2023 136.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (SHEN)
1 of 80 tracked investors hold SHEN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 2.06% | $39.5M | Reduced -11.0% |
Analysts (SHEN)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-30 | BWS Financial | Maintained | Buy | $26 |
Total return (dividends reinvested) (SHEN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -18.6% | -65.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -18.6% | -19.1% |
| Volatility (annualized) | 41.1% | 42.0% |
| Max drawdown | -42.9% (Apr 2026→Oct 2026) | -65.5% (Oct 2021→Oct 2026) |
SHEN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Residential & SMB - Incumbent Broadband Markets | $40.3M | 43.1% | -6.0% |
| Residential & SMB - Glo Fiber Expansion Markets | $26.3M | 28.1% | +32.8% |
| Commercial Fiber | $21.4M | 22.9% | +9.8% |
| RLEC & Other | $5.5M | 5.9% | -14.7% |
| Total revenue | $93.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SHEN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Related party | Verizon (VZ) | “Mr. McKay began his telecommunications industry career in 1996, including previous management positions at UUNET and Verizon.” |
| Competitor | Netflix (NFLX) | “Incumbent cable television companies, which have historically provided video service, also face competition from direct broadcast satellite providers such as Dish and DirecTV and online video services, such as Netflix, YouTube TV, Hulu, Disney and Amazon.” |
| Competitor | Walt Disney (DIS) | “Incumbent cable television companies, which have historically provided video service, also face competition from direct broadcast satellite providers such as Dish and DirecTV and online video services, such as Netflix, YouTube TV, Hulu, Disney and Amazon.” |
| Competitor | Amazon (AMZN) | “Incumbent cable television companies, which have historically provided video service, also face competition from direct broadcast satellite providers such as Dish and DirecTV and online video services, such as Netflix, YouTube TV, Hulu, Disney and Amazon.” |
Quoted from the company's 10-K filed Feb 26, 2026.
SHEN company outlook (results filed Jul 29, 2026)
- “The Company reiterates its 2026 financial guidance.”
- “The 2026 financial guidance presented above does not reflect any assumptions regarding the potential impacts of ongoing global geopolitical conflicts or the evolving tariff environment.”
Quoted word-for-word from the SEC 8-K results press release.
SHEN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.23 | $-0.20 | +14.7% | $94.1M | 2 |
| Next quarter (ends Dec 2026) | $-0.17 | $-0.15 | +14.7% | $95.1M | 2 |
| Current fiscal year (ends Dec 2026) | $-0.88 | $-0.87 | +1.3% | $374.9M | 2 |
| Next fiscal year (ends Dec 2027) | $-0.65 | $-0.62 | +4.8% | $394.2M | 2 |
SHEN options: expected move
Options price a move of about ±18.7% (±$1.93) by Jan 15, 2027, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±6.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 84 | 50.0% | ±18.7% |
| Apr 16, 2027 | 175 | 50.5% | ±31.8% |
30-day implied volatility 64.5% vs 45.4% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 10.3 |
|---|---|
| Change | ▲ 5.53% (up) |
| Previous Close | USD 9.76 |
| Open | USD 9.76 |
| Day Range | USD 9.76 – 10.32 |
| 52-Week Range | USD 9.54 – 17.35 |
| Volume | 728,711 shares |
| Market Cap | $570.26M |
| Exchange | NMS |
Technical Analysis (SHEN)
Nexqual's technical model rates SHEN "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 37.89 (neutral) |
| vs SMA50 | Below (USD 11.67) |
| MACD | -0.48 (negative) |
Earnings (SHEN)
| Next Earnings Date | 2026-10-28 |
|---|---|
| Revenue Estimate | $94.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.17 vs est -0.24 ▲ beat |
| 2026-03-31 | USD -0.31 vs est -0.25 ▼ miss |
| 2025-12-31 | USD -0.13 vs est -0.15 ▲ beat |
| 2025-09-30 | USD -0.19 vs est -0.27 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financials & Fundamentals (SHEN)
| Total Revenue | $367.00M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +5.50% |
| Gross Margin | +64.85% |
| Operating Margin | -0.94% |
| Profit Margin | -12.23% |
| ROE | -3.94% |
| Debt / Equity | 0.77 |
| Current Ratio | 0.85 |
| Total Cash | $23.89M |
| Total Debt | $733.52M |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Ownership (SHEN)
| Insider Ownership | +4.98% |
|---|---|
| Institutional Ownership | +72.19% |
| Shares Outstanding | 55.36M |
| Float | 44.97M |
| Short % of Float | +6.13% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
From Shenandoah Telecommunications Company's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- The FCC also has regulations that place restrictions on the permissible uses that we can make of customer-specific information, known as Customer Proprietary Network Information ("CPNI"), received from telecommunications service subscribers, and that govern procedures for release of such information in order to prevent identity theft schemes.
- The FCC has required VoIP providers to comply with several regulations that apply to other telephone services, including 911 emergency services, the Communications Assistance for Law Enforcement Act ("CALEA"), Universal Service Fund ("USF") contribution, customer privacy and CPNI issues, number portability, network outage, rural call completion, disability access, battery backup, robocall mitigation, regulatory fees and discontinuance of service.
- Cheng held a number of different roles over 16 years with M&T Bank in Buffalo, NY, including Group Vice President, Technology Business Services, Vice President of Retail Operations and Assistant Vice President, Web Product Owner.
Partnerships
- The provision of cable service generally is subject to regulation by the FCC, and cable operators typically also must comply with the terms of the franchise agreement between the cable operator and the state or local franchising authority.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulation by government agencies may increase our costs of providing service or require changes in services, either of which could impair our financial performance.
- Changes to the FCC's Universal Service Fund ("USF") framework may adversely impact our Broadband revenue, which may have a material adverse effect on our financial performance and our results of operations.
- Changes to key regulatory requirements can affect our ability to compete.
- Our industry is subject to governmental regulation, which impacts many aspects of our operations. Legislators and regulators at all levels of government frequently consider changing, and sometimes do change, existing statutes, regulations, and interpretations thereof. Future legislative, judicial, or administrative actions may increase our costs or impose additional challenges and restrictions on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TLK | PT Telekomunikasi Indonesia, Tb | USD 12.21 | ▲ 3.65% |
| TIGO | Millicom International Cellular | USD 79.93 | ▼ 2.11% |
| TU | Telus Corporation | USD 8.86 | ▲ 5.73% |
| CHTR | Charter Communications, Inc. | USD 111.77 | ▲ 4.2% |
| RCI | Rogers Communication, Inc. | USD 33.2 | ▲ 4.57% |
| BCE | BCE, Inc. | USD 20.81 | ▲ 4.15% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
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