WideOpenWest Inc (WOW)WOW

WideOpenWest Inc. (WOW) Stock Overview

Company Profile

Detailed history and background: Founded in 1996, WideOpenWest (WOW!) was previously known as WideOpenWest, LLC. In 2019, Astound Broadband Holdings, LLC acquired WideOpenWest and rebranded to WideOpenWest, Inc. The company provides high-speed internet, cable television, and phone services to residential and business customers in 19 states across the US.

Core business areas:

• Residential Services: WOW! offers high-speed internet, cable television, and phone services to residential customers, with speeds ranging from 100 Mbps to 1 Gig.
• Business Services: WOW! provides high-speed internet, Ethernet, and voice services to businesses of all sizes.
• Video Services: WOW! offers traditional cable television with a variety of packages and streaming services like HBO Max and SHOWTIME.

Leadership team and corporate structure: The current CEO of WOW! is Teresa Elder. The executive leadership team also includes Daniel J. Gilbert (CFO), Michael J. Callahan (CTO), and John M. Reardon (EVP, General Counsel & Secretary). The company has a decentralized organizational structure with regional offices across its operating areas.

Top Products and Market Share

Top products:

• High-speed internet: WOW! offers a range of internet plans, with speeds up to 1 Gigabit.
• Cable television: WOW! provides traditional cable television with a variety of packages and streaming services.
• Phone services: WOW! offers phone services with unlimited calling features and internet bundles.

Market share: WOW! is the seventh-largest cable operator in the US, with approximately 790,000 residential internet, video, and phone customers.

Product performance: WOW! has consistently received positive customer reviews for its internet and TV services. The company has also been recognized for its commitment to customer service and innovation.

Total Addressable Market

The total addressable market for WOW! is the US broadband market, which is estimated to be worth over $180 billion.

Financial Performance

Recent financial statements:

• Revenue: $1.25 billion (2022)
• Net income: $167 million (2022)
• Profit margin: 13.3% (2022)
• Earnings per share (EPS): $1.15 (2022)

Financial performance comparison: WOW!'s revenue and net income have grown steadily over the past few years. The company is also profitable, with a healthy profit margin.

Cash flow and balance sheet: WOW! has a strong cash flow position and a healthy balance sheet.

Dividends and Shareholder Returns

Dividend history: WOW! does not currently pay a dividend.

Shareholder returns: WOW! stock has provided a total return of over 30% over the past year.

Growth Trajectory

Historical growth: WOW! has grown its customer base and revenue steadily over the past few years.

Future growth projections: WOW! is expected to continue to grow its business in the coming years, driven by the increasing demand for high-speed internet and video services.

Growth prospects: Recent product launches and strategic initiatives include expanding its fiber network and launching new streaming services, which could further boost growth.

Market Dynamics

Industry trends: The cable and broadband industry is undergoing significant change, with the increasing adoption of streaming services and the shift towards fiber-optic technology.

WOW! positioning: WOW! is well-positioned to benefit from these trends, with its strong focus on high-speed internet and video services.

Adaptability to market changes: WOW! has a proven track record of adapting to market changes and investing in new technologies.

Competitors

Key competitors:

• Comcast (NASDAQ: CMCSA)
• Charter Communications (NASDAQ: CHTR)
• AT&T (NYSE: T)
• Verizon (NYSE: VZ)

Market share comparison: WOW! has a market share of approximately 2% of the US broadband market.

Competitive advantages: WOW! has a strong track record of customer service and innovation.

Competitive disadvantages: WOW! has a smaller market share than its larger competitors.

Potential Challenges and Opportunities

Key challenges:

• Increasing competition from larger cable operators and telcos.
• The need to invest in new technologies to stay ahead of the competition.
• Rising interest rates.

Potential opportunities:

• The growing demand for high-speed internet and video services.
• The expansion of its fiber network.
• The launch of new streaming services.

Recent Acquisitions (last 3 years)

WOW! has not made any acquisitions in the last 3 years.

AI-Based Fundamental Rating

Overall rating: 7/10

Justification: WOW! is a strong company with a good track record of financial performance, a solid market position, and promising growth prospects. However, the company faces challenges from larger competitors and the need to invest in new technologies.

Disclaimer: This information is for educational purposes only and should not be considered investment advice.

Sources

• WOW! website: https://www.wowway.com/
• SEC filings: https://www.sec.gov/edgar/search/
• Yahoo Finance: https://finance.yahoo.com/quote/WOW/
• Statista: https://www.statista.com/
• Fierce Telecom: https://www.fiercetelecom.com/
• Telecompetitor: https://www.telecompetitor.com/

Disclaimer

Please note that this is just a sample overview, and you should do your own research before making any investment decisions.