The stock of Cable One Inc (NYSE:CABO) reached all time high today, Oct, 10 and still has $748.69 target or 25.00% above today’s $598.95 share price. This indicates more upside for the $3.45B company. This technical setup was reported by Barchart.com. If the $748.69 PT is reached, the company will be worth $862.50 million 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 20,223 shares traded hands. Cable One Inc (NYSE:CABO) has risen 37.15% since March 7, 2016 and is uptrending. It has outperformed by 29.56% the S&P500.
Analysts await Cable One Inc (NYSE:CABO) to report earnings on November, 2. They expect $5.13 earnings per share, up 55.45% or $1.83 from last year’s $3.3 per share. CABO’s profit will be $29.55M for 29.19 P/E if the $5.13 EPS becomes a reality. After $4.62 actual earnings per share 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 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 published the news titled: “Cable One Inc Grows Revenue as Shift to Data and Business Services Continues” on March 04, 2016. Zacks.com‘s news article titled: “Cable ONE (CABO) Beats Q2 Earnings amp; Revenue Estimates” with publication date: August 04, 2016 was also an interesting one.
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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