Are We Close to Green Shoots for Windstream Holdings Inc (OTCMKTS:WINMQ)?

Are We Close to Green Shoots for Windstream Holdings Inc (OTCMKTS:WINMQ)?


Among the stocks that have recently landed on the OTC, Windstream Holdings Inc (OTCMKTS:WINMQ) clearly is worth a look right now given the combination of massively oversold status and an overwhelming collection of strong value-oriented indicators in effect right now.

The company just announced that Avaya, a global leader in contact center solutions, has named Windstream Enterprise as U.S. Innovation Partner of the Year at Avaya ENGAGE 2019 in Austin, Texas. According to the release, “the award recognizes Windstream Enterprise for its continuous innovation as a provider of Avaya IX Contact Center Digital solutions as part of its contact center solution offering.”

Windstream Holdings Inc (OTCMKTS:WINMQ) bills itself as a leading provider of advanced network communications and technology solutions.

Windstream provides data networking, core transport, security, unified communications and managed services to mid-market, enterprise and wholesale customers across the U.S.

The company offers broadband, entertainment and security services for consumers and small and medium-sized businesses primarily in rural areas in 18 states. Services are delivered over multiple network platforms including a nationwide IP network, a proprietary cloud core architecture, and on a local and long-haul fiber network spanning approximately 150,000 miles.

According to company materials, “Windstream Holdings, Inc. provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up. It also offers consumer video services; video entertainment service under the Kinetic brand; voice and Web conferencing products; and advanced hosted-voice, network management, and business continuity services, as well as owns and operates cable television franchises. This segment serves approximately 1.4 million residential and small business customers. The company’s Enterprise segment offers integrated voice and data services, which deliver voice and broadband services over a single Internet connection, data transport services, and multi-site networking services; and other data services comprising cloud computing, and collocation and managed services as an alternative to traditional information technology infrastructure. Its Wholesale segment provides network bandwidth to other telecommunications carriers, network operators, and content providers; fiber-to-the-tower connections to support the wireless backhaul market; voice and data carrier services to other communications providers and large scale purchasers; and special access services and time division multiplexing private line transport. The company’s Consumer CLEC segment offers traditional voice and long-distance services, nationwide Internet access services, and dial-up and high-speed, as well as online backup and various email services. Windstream Holdings, Inc. also leases and sells broadband modems, home networking gateways, and personal computers; and sells home phones. The company was incorporated in 2013 and is based in Little Rock, Arkansas. On February 25, 2019, Windstream Holdings, Inc. along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.”

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As noted above, WINMQ just announced that Avaya, a global leader in contact center solutions, has named Windstream Enterprise as U.S. Innovation Partner of the Year at Avaya ENGAGE 2019 in Austin, Texas.

Despite the boost that accompanied this news, shares of WINMQ have been under some pressure, down about -12% over the past five days of trading activity. What’s more, the listing has seen interest climb, with an increase in recent trading volume of exceeding 350% above the average volume levels in play in this stock over the longer term.

“It’s an honor to once again be recognized by Avaya for our continued innovation with our cloud-based deployments of Avaya IX Contact Center Digital,” said Layne Levine, president of Windstream Enterprise & Wholesale. “These solutions help enterprises engage their customers and deliver a superior customer experience across channels in a rapidly scalable and flexible manner.”

Windstream Holdings Inc (OTCMKTS:WINMQ) managed to rope in revenues totaling $1.4B in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of -5.1%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($37.3M against $1.4B, respectively). Sign-up for continuing coverage on shares of $WINMQ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $WINMQ, either long or short, and we have not been compensated for this article.

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