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Stock impact report

Reflecting On Cable and Satellite Stocks' Q1 Earnings: WideOpenWest (NYSE:WOW) [Yahoo! Finance]

WideOpenWest, Inc. (WOW) 
Last wideopenwest, inc. earnings: 3/4 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The massive physical footprints of fiber in the ground or satellites in space make it challenging for companies in this industry to adjust to shifting consumer habits. Over the last decade-plus, consumers have ‘cut the cord' to their traditional cable subscriptions in favor of streaming options. While that is a headwind, this affinity to streaming means more households need high-speed internet, and companies that successfully serve customers can enjoy high retention rates and pricing power since the options for internet connectivity in any geography is usually limited. The 6 cable and satellite stocks we track reported a weaker Q1; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was 1.9% below consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance due to mixed inflation data, Show less Read more
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