Shenandoah Telecommunications Co logo

Shenandoah Telecommunications Co(SHEN)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$11.63
09/15/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for SHEN

09/15/2026: SHEN (1-star) is currently NOT-A-BUY. Pass it for now.

Shenandoah Telecommunications Co is a regional broadband provider undergoing a strategic transformation focused on high-speed fiber-optic network expansion. Its primary strength lies in its reliable fiber infrastructure and strong community presence, which helps it compete against larger national incumbents. The company's growth story centers on the successful scaling of its 'Glo Fiber' product and recent expansion efforts like the Horizon Telcom acquisition. However, it faces significant risks from aggressive competitive pricing and the high capital demands of network construction. The stock may suit investors seeking long-term growth in telecommunications infrastructure, provided they monitor the company's ability to maintain efficient capital returns in a competitive market.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied to long-term fiber deployment success rather than rapid, immediate scaling.
Momentum investorWeak fitThe stock often lacks the high-volatility price action typically sought by momentum traders.
Value investorStrong fitThe company is often evaluated based on its significant fiber asset base relative to market capitalization.
Dividend investorMixed fitCapital is currently prioritized for growth investment rather than high dividend yield.
Low-risk investorMixed fitThe telecommunications sector is relatively defensive, but infrastructure execution risk remains.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock can experience moderate fluctuations based on sector trends and infrastructure build-out progress.
Valuation riskMediumValuation is sensitive to interest rates and the perceived success of its fiber expansion ROI.
Competition risk (broadband market)HighIncumbent cable and wireless providers have significant advantages in scale and pricing power.
Business qualityMediumWhile the asset base is high quality, the company is in a transformational growth phase.
Dividend incomeLowThe company prioritizes reinvestment over dividend payouts for current growth.
Execution riskMedium / highSuccessfully managing large-scale, multi-year fiber construction projects is critical to long-term performance.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -26.03%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/15/2026

Upturn Scorecard

Upturn Star Rating

SHEN receives a 3-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

SHEN has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-120.7%), soft cash generation (FCF margin -72.1%), moderate revenue growth (+9.1%).

Financial Health Rating

SHEN's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 33.0% of revenue). Liquidity is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Revenue growth is SHEN's strongest growth driver at +9.1% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-120.7%, negative) and free-cash-flow growth (-0.6%, slightly negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 72.9% and approximately 81.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 4.98% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 12.60%
GCM Grosvenor Holdings, LLC 7.43%
ECP ControlCo, LLC 6.24%
Southeastern Asset Management Inc 5.31%
Dimensional Fund Advisors, Inc. 4.72%

Unit Economics (Per $1K Revenue)

SHEN generates approximately $269 of gross profit, $-62 of operating income, and $-721 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 21.29%

Quantitative Style Profile

SHEN has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 652.75M USD
Price to earnings Ratio -
1Y Target Price 27.5
Price to earnings Ratio -
1Y Target Price 27.5
Volume (30-day avg) 473.0K shares
Beta 0.69
52 Weeks Range 9.66 - 17.35
Updated Date 09/15/2026
52 Weeks Range 9.66 - 17.35
Updated Date 09/15/2026
Dividends yield (FY) 0.92%
Basic EPS (TTM) -0.81

How Company Makes Money

Business areaWhat it includesRetail investor read
Broadband ServicesHigh-speed fiber internet and cable services for residential and commercial clients.The core revenue driver coming from monthly customer internet and video bills.
Tower InfrastructureLeasing space on owned towers for wireless carriers.Stable, recurring rental income from major wireless carriers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 3.6
Enterprise Value 1.36B
Price to Sales(TTM) 1.78
Enterprise Value 1.36B
Price to Sales(TTM) 1.78
Enterprise Value to Revenue 3.71
Enterprise Value to EBITDA 11.68
Shares Outstanding 55.36M
Shares Floating 44.97M
Shares Outstanding 55.36M
Shares Floating 44.97M
Percent Insiders 4.98
Percent Institutions 72.91

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Shenandoah Telecommunications Co

Exchange NASDAQ
Headquarters Edinburg, VA, United States
IPO Launch date 1999-04-26
President & CEO Mr. Edward H. McKay
Sector Communication Services
Industry Telecom Services
Full time employees 1041
Full time employees 1041

Shenandoah Telecommunications Company, together with its subsidiaries, provides broadband services and video and voice services in the United States. The company offers broadband internet, video, and voice services; high-speed Ethernet and dark fiber leasing services; and managed network services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio, and Indiana through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the Shentel brand name. It also provides Ethernet and wavelength fiber optic services to enterprise and wholesale customers under the Glo Fiber Business brand names; and DSL telephone services. The company was founded in 1902 and is based in Edinburg, Virginia.