Cable Operator WideOpenWest Shares Tumble: What's Going On?
Portfolio Pulse from Lekha Gupta
WideOpenWest Inc's shares have fallen by over 55% following worse-than-expected Q3 FY23 results. The company reported revenue of $173.1 million, missing the consensus of $173.4 million, and an EPS loss of $(1.29) against a consensus of EPS of 1 cent. Keybanc Capital Markets analyst Brandon Nispel downgraded the stock to Sector Weight from Overweight. The company also withdrew its FY24 guidance due to significant declines in legacy high-speed data customers and a slowdown in gross additions.
November 09, 2023 | 5:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
WideOpenWest's shares have dropped significantly due to poor Q3 FY23 results and the withdrawal of FY24 guidance. The stock has been downgraded by Keybanc Capital Markets.
WideOpenWest's shares have fallen due to worse-than-expected Q3 FY23 results and the withdrawal of FY24 guidance. This has led to a downgrade of the stock by Keybanc Capital Markets, which will likely further negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100