NasdaqGS:SHENTelecom
Shenandoah Telecommunications (SHEN) Stock Price Drops As Fiber Momentum Meets Cash Burn
Shenandoah Telecommunications stock dropped 7% to US$11.82 today, even though the latest quarter showed the fiber story gaining traction. Revenue reached US$93.5m while the company still reported a loss, and adjusted earnings before interest, tax, depreciation and amortization improved to US$32.0m. That mix can feel confusing in the moment. Short term traders see red on the screen. Long term investors are watching a different picture take shape as fiber moves past half of total revenue and...