Worth Watching: Can Cable One Inc’s Tomorrow be Different? The Stock Just Broke Its High

Worth Watching: Can Cable One Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Cable One Inc (NYSE:CABO) reached all time high today, Sep, 30 and still has $805.03 target or 37.00% above today’s $587.61 share price. This indicates more upside for the $3.37B company. This technical setup was reported by Barchart.com. If the $805.03 PT is reached, the company will be worth $1.25 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 18,312 shares traded hands. Cable One Inc (NYSE:CABO) has risen 37.77% since February 26, 2016 and is uptrending. It has outperformed by 27.35% the S&P500.

Analysts await Cable One Inc (NYSE:CABO) to report earnings on November, 2. They expect $5.13 EPS, up 55.45% or $1.83 from last year’s $3.3 per share. CABO’s profit will be $29.42M for 28.64 P/E if the $5.13 EPS becomes a reality. After $4.62 actual EPS reported by Cable One Inc for the previous quarter, Wall Street now forecasts 11.04% EPS growth.

According to Zacks Investment Research, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States.”

More notable recent Cable One Inc (NYSE:CABO) news were published by: Forbes.com which released: “Ex-Dividend Reminder: HanesBrands, Spectrum Brands Holdings and Cable One” on August 10, 2016, also Fool.com with their article: “Cable One Inc Grows Revenue as Shift to Data and Business Services Continues” published on March 04, 2016, Quotes.Wsj.com published: “News Cable One Inc.CABO” on July 02, 2015. More interesting news about Cable One Inc (NYSE:CABO) were released by: Finance.Yahoo.com and their article: “Cable ONE (CABO) Beats Q2 Earnings & Revenue Estimates” published on August 04, 2016 as well as Finance.Yahoo.com‘s news article titled: “Zacks.com featured highlights: Francesca’s Holdings, Argan, Lumentum Holdings …” with publication date: September 26, 2016.

CABO Company Profile

Cable One, Inc., incorporated on November 16, 1994, is a well-known provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. The Firm provides these broadband services to residential and business clients in approximately 40 cable systems covering over 400 cities and towns. The markets it serves are non-metropolitan, secondary markets, with its clients located in approximately five states: Mississippi, Idaho, Oklahoma, Texas and Arizona. The Company’s biggest customer concentrations are in the Mississippi Gulf Coast region and in the greater Boise, Idaho region. The Firm is the cable system operator in the United States making services available to approximately 1,644,000 homes in the United States. The Firm provides service to approximately 664,600 residential and business clients out of over 1,644,000 homes passed. Of these customers, approximately 501,240 subscribed to data services, over 364,150 to video services and approximately 127,090 to voice services. The Company’s billing system generally counts each unit in a multi-dwelling unit (MDU) as one home passed.

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