Cable One, Inc. (CABO)

Cable One's stock has experienced volatility, reporting a net loss of $438.0 million in Q2 2025 due to non-cash asset impairment charges. Residential data revenues decreased, and residential video revenues also saw a decrease. By January 9, 2026, CABO's stock price reached a new 52-week low, leading to analysts cutting ratings and price targets. Despite a Q3 2025 revenue decline, the company's net income surged due to financial discipline.

Demand for Cable One's services typically experiences seasonality. The second quarter of the year is usually a challenging period for subscriber growth due to students and "snowbirds" discontinuing services. Conversely, internet usage generally increases during the summer months due to children being out of school, leading to higher demand for streaming entertainment.

Cable One, Inc. is a broadband communications provider in the United States, operating under the Sparklight brand and other associated brands. The company operates within the Telecommunications Service Providers sector, offering broadband, voice, and video services to residential and business customers. Its major products include residential data, video, and voice services, as well as business services, utilizing a fiber-to-the-premises or hybrid fiber-coaxial infrastructure.

Cable One serves over 1.1 million residential and business customers across 24 U.S. states, focusing on non-metropolitan markets. It has a significant presence in states including Arizona, Idaho, Mississippi, Missouri, Oklahoma, South Carolina, and Texas. The company's headquarters are located in Phoenix, Arizona.

Cable One's brand reputation, particularly under its Sparklight brand, has seen mixed customer feedback. The company holds an A+ rating and is accredited by the Better Business Bureau (BBB). Some customers praise reliable internet speeds and responsive customer service, while others report issues such as service outages and slow technical support. The company rebranded its residential services to Sparklight in 2019.

Cable One, Inc. is largely controlled by institutional investors, who collectively own between approximately 62.87% and 90% of the company's stock. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., Burgundy Asset Management Ltd., Private Management Group Inc, Rothschild & Co Wealth Management UK Ltd, D. E. Shaw & Co., Inc., Davenport & Co LLC, Morgan Stanley, and Dimensional Fund Advisors Lp. Individual investors and smaller entities hold the remaining shares.