WideOpenWest appoints John Rego as CFO and Shannon Campain as CCO » 09:1506/0406/04/20
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WideOpenWest withdraws FY20 outlook » 16:1705/0405/04/20
Due to economic…
Due to economic uncertainties arising from the duration and impact of the COVID-19 pandemic, WOW! is withdrawing its previously announced outlook for 2020.
WideOpenWest reports Q1 EPS 0c, consensus 8c » 16:1705/0405/04/20
Reports Q1 revenue…
Reports Q1 revenue $284.5M, consensus $283.9M. "As our communities began to face unprecedented challenges, we at WOW! acted quickly and decisively to put our employees' and customers' health and wellbeing at the top of our priority list," said Teresa Elder, chief executive officer of WOW! "Doing so has positioned us to meet the significant increases in demand for our essential services. Even before the onset of the current health crisis, we were positioned to have the strongest overall quarterly growth in at least five years, in which we added 16,100 HSD RGUs during the quarter. Adjusted EBITDA, excluding the estimated impact from COVID-19, would have been flat to the first quarter of 2019."
WideOpenWest CEO Teresa Elder returns to work after medical leave for COVID-19 » 14:2404/2004/20/20
On March 29, WideOpenWest…
On March 29, WideOpenWest announced that Teresa Elder, the company's CEO, had contracted the COVID-19 virus and was taking a temporary medical leave of absence. Effective April 20, Elder has returned from her leave of absence and resumed her duties and responsibilities as CEO of the company.
Fly Intel: Top five analyst upgrades » 10:1804/1704/17/20
TJX, LOVE, WOW, RAD, WWE
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. TJX (TJX) upgraded to Buy from Hold at Jefferies with analyst Janine Stichter saying she sees TJX as a "secular share gainer" that can accelerate its market share gains in a post COVID-19 world given its recession-resistant model. 2. Lovesac (LOVE) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying since closing its showroom locations on March 17, the company has seen a "dramatic" increase in sales through its e-commerce channel with internet sales growth in excess of 400% year-over-year and total revenue growth of 4%. 3. WideOpenWest (WOW) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying he believes WideOpenWest will have less capital spending than originally anticipated and generate higher free cash flow in 2020 than consensus expectations. 4. Rite Aid (RAD) upgraded to Hold from Sell at Deutsche Bank with analyst George Hill saying he views the company's Q4 results as "solid" and believes the 21% post-earnings selloff provides an opportunity to get more positive on the name. 5. WWE (WWE) upgraded to Buy from Hold at Benchmark with analyst Mike Hickey saying he thinks an "economic reset strategy" has become more visible as the company has negotiated most of its global TV rights deals and has qualified as an essential business in Florida, adding that he is encouraged about the stock's valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WideOpenWest upgraded to Overweight from Sector Weight at KeyBanc » 08:4904/1704/17/20
KeyBanc analyst Brandon…
KeyBanc analyst Brandon Nispel upgraded WideOpenWest to Overweight from Sector Weight with an $8 price target. In a research note to investors, Nispel says he believes WideOpenWest will have less capital spending than originally anticipated and generate higher free cash flow in 2020 than consensus expectations. He views the stock as too inexpensive to ignore.
WideOpenWest upgraded to Overweight from Sector Weight at KeyBanc » 21:3504/1604/16/20
KeyBanc analyst Brandon…
KeyBanc analyst Brandon Nispel upgraded WideOpenWest to Overweight from Sector Weight with an $8 price target.
WOW! CEO hospitalized with COVID-19 » 14:3203/2903/29/20
WOW! CEO Teresa Elder,…
WOW! CEO Teresa Elder, was admitted to a local Denver hospital on Friday, March 27, after testing positive for COVID-19. Elder had been working remotely since March 16, following WOW!'s decision to transition all non-essential positions to work-from-home status. While Elder recovers, Bill Case, chief information officer, will serve as acting CEO. Additionally, cable pioneer and WOW! board chairman, Jeff Marcus, will temporarily take on a formal leadership role as executive chairman.
Fly Intel: Top five analyst downgrades » 10:1303/1103/11/20
UAL, ABG, MGIC, CY, WOW
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. United Airlines (UAL) downgraded to Hold from Buy at Argus with analyst John Staszak saying the airline faced 2020 headwinds even before the coronavirus outbreak as flight demand weakened due to U.S.-China trade war and slowing China economic growth. 2. Asbury Automotive (ABG) downgraded to Underweight from Neutral at JPMorgan with analyst Rajat Gupta saying he has a "strong preference" for companies in the U.S. Auto Dealerships space with low financial leverage and at the same time less cyclicality. 3. Magic Software (MGIC) downgraded to Neutral from Buy at H.C. Wainwright with analyst Kevin Dede saying he sees downside risk given the COVID-19 outbreak and election year related uncertainty. 4. Cypress Semiconductor (CY) downgraded to Hold from Buy at Craig-Hallum with analyst Anthony Stoss saying he had upgraded shares to Buy on March 6 as the stock had pulled back too far and he thought a deal was still on the table. 5. WideOpenWest (WOW) was downgraded to Neutral from Buy at B. Riley FBR and to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WideOpenWest downgraded at Raymond James following CFO departure » 07:3603/1103/11/20
Raymond James analyst…
Raymond James analyst Frank Louthan downgraded WideOpenWest to Market Perform from Outperform following a weaker outlook and the departure of the CFO. Louthan tells investors in a research note that he believes this leaves some uncertainty in the story and while it is in a transition, it is best to take a more neutral stance. He adds that he thinks the company has solid assets that could drive higher value under a different structure, possibly with a go private transaction.