Cable One Misses Expectations in Q3

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“Our third quarter results reflect the ongoing challenges posed by the pandemic,” said Julia Laulis, Cable One ($NYSE:CABO)’s President and CEO. “Despite these challenges, our teams have remained focused on executing our long-term strategy and we are pleased with the progress we have made.”

Earnings

Cable One reported their earnings for the third quarter of the fiscal year 2022 and missed expectations. They earned a total revenue of 1718.6 million dollars and a net income of 357.8 million dollars. This is compared to the previous year where they earned a 7.0% increase in total revenue and a 22.6% increase in net income. Their total revenue has reached from 1325.2 million dollars to 1718.6 million dollars in the last three years.

Price History

Cable One‘s stock took a hit on Thursday after the company’s third quarter results failed to meet expectations. Although news sentiment around the company has been mostly negative, shares had been relatively stable in recent months.

However, after Thursday’s disappointing earnings report, the stock opened at $793.8 and closed at $802.4, down 1.4% from the prior closing price of $813.5. Investors were hoping for better results after Cable One announced a major expansion initiative earlier this year. The company plans to invest $1 billion to upgrade its network and add more customers. But so far, the expansion has not paid off as hoped, and Cable One’s third quarter results fell short of expectations. Cable One is facing increasing competition from other cable and broadband providers, and it remains to be seen whether the company’s expansion plans will be enough to help it compete in the long run.

VI Analysis

Company fundamentals are important indicators of a company’s long-term potential. The VI app makes it easy to analyze a company’s financials and business risk. Based on the VI Risk Rating, CABLE ONE is a medium risk investment in terms of financial and business risk.

The app has detected 4 risk warnings in the income statement, balance sheet, cash flow statement, and financial journal. To view these warnings, become a registered user.

VI Peers

Cable One Inc is one of the leading telecommunications companies in the world. With a strong focus on innovative technology and excellent customer service, the company has established a strong presence in the market. Its main competitors are PT Link Net Tbk, HKBN Ltd, and Telenet Group Holding NV.

– PT Link Net Tbk ($IDX:LINK)

PT Link Net Tbk is a provider of high-speed broadband and cable television services in Indonesia. It has a market cap of 7.79T as of 2022 and a Return on Equity of 11.5%. The company offers its services to both residential and business customers. It has a wide network of over 1,000 kilometers of fiber optic cables that connect to more than 500,000 homes and businesses in Indonesia.

– HKBN Ltd ($SEHK:01310)

As of March 2022, HKBN Ltd had a market capitalization of $6.54 billion and a return on equity of 10.33%. HKBN Ltd is a telecommunications company that provides broadband, voice, and other communications services to residential and business customers in Hong Kong. The company has a fiber-to-the-home network that covers over 2.2 million residential homes and businesses in Hong Kong.

– Telenet Group Holding NV ($LTS:0GAF)

Telenet Group Holding NV is a leading provider of cable television, high-speed Internet, and fixed-line telephony services in Belgium. The company has a market capitalization of 1.68 billion as of 2022 and a return on equity of -91.64%. Telenet offers a wide range of services to its customers, including digital television, high-speed Internet, and fixed-line telephony. The company has a strong customer base and a large market share in Belgium.

Summary

Cable One is a publicly traded company that provides cable television, high-speed Internet, and telephone services to residential and business customers in the United States. The company offers a variety of cable television plans, as well as high-speed Internet and telephone services. The company’s stock trades on the New York Stock Exchange under the ticker symbol CABO. Investors who are considering buying Cable One stock may want to consider the company’s long-term growth prospects, as well as its dividend history.