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Stock impact report

Unpacking Q2 Earnings: WideOpenWest (NYSE:WOW) In The Context Of Other Cable and Satellite Stocks [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 slower Q2. As a group, revenues missed analysts' consensus estimates by 0.6% while next quarter's revenue guidance was in line. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign Show less Read more
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