Is Shaw Communications (NASDAQ:SJR) Stock Poised for Growth?

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Shaw communication (NASDAQ:SJR) is a communications company that owns a fiber network and provides services for wifi, digital phones and broadband customers. Shaw has a $9.994 billion market cap and an average volume of 757,129. With the launch of iPhones across its network in December, a focus on higher-margin data-heavy plans helped Shaw compete against rivals Telus Corp (NASDAQ:TU), BCE Inc (NYSE:BCE) and Rogers Communications (NYSE:RCI)

Past Performances

From my analysis, their shares rose sharply in June of 2017 but gave back most of those gains back the following month. After experiencing a steady increase, the stock suddenly started declining in early October and experienced significant volatility into year's end.

In the fiscal second quarter, which ended on Feb 28th, the average revenue per user rose 5% to C$38.43. Moreover, total revenue from the wireless business doubled to C$209 million ($165.9 million) as the company added 93,500 post-paid subscribers, its highest to date.

The company said it added 89,702 net subscribers, up from 33,427 a year earlier. However, Shaw Communications (NASDAQ:SJR) reported a net loss of C$164 million, or a loss of 33 Canadian cents per share, compared with a profit of C$147 million, or 30 Canadian cents per share, a year earlier due to C$417 million in charges related to its voluntary departure and restructuring programs.

Why should I invest in Shaw Communications?

On April 12, it was reported that Shaw Communications' shares had large and unexpected quarterly results as well as higher commodity prices, due to geopolitical concerns, boosted by shares of energy firms. The biggest percentage gainer on the TSX was Shaw Communications, gaining 10 percent. This is a sign that the long-anticipated days filled with huge gains are just around the corner.

They also offer dividends and yields of $0.95 (4.51%). According to CEO of Shaw Communications (NASDAQ:SJR), wireless is the single biggest growth opportunity at Shaw and that is why Shaw has been investing heavily to build its wireless business in a tough market and that includes a sophisticated approach to yield more gains. 

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