RM LAW, P.C. has commenced an investigation into potential securities law violations by certain officers of WideOpenWest, Inc. (“WideOpenWest” or the “Company”) (NYSE: WOW).
If you purchased shares of WideOpenWest and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
WideOpenWest provides internet, cable and telephone services to residential customers, primarily in the Midwest and Southeast. WideOpenWest is headquartered in Englewood, Colorado.
On November 13, 2017, WideOpenWest reported its 3Q2017 results. Analysts covering the stock reported that results were “mixed” with “softer than anticipated subscriber metrics.” It was also reported that WideOpenWest had lowered its 2018 earnings forecast due to increased spending on customer care. On this news, WideOpenWest’s stock price fell roughly 13 percent.
On March 7, 2018, WideOpenWest announced a delay in its earnings release to allow additional time for its independent auditors to complete their review of the valuation analysis of indefinite lived intangible assets. On March 14, 2018, WideOpenWest announced its 2017 results. In response, an analyst covering the stock issued downgrades, noting that the Company’s growth had been “pushed out amid rising investment.” As a result of this news, the stock price fell roughly 30 percent.