Cable One, Inc. (CABO)

The past six months have seen significant events impacting Cable One's stock price. Q1 2025 earnings revealed substantial declines, leading to a dividend suspension and a sharp stock price decrease. Securities fraud investigations were initiated due to the stock drop and disappointing earnings. Analysts reacted negatively to the Q1 results, with Wells Fargo & Company lowering its target price for Cable One. Q2 2025 results showed a decrease in total revenues and a substantial net loss. The company's share price experienced a significant decline. Several independent directors and the Chief People Officer purchased shares in June 2025, while the Senior VP, General Counsel & Secretary sold shares in October and August 2025. Cable One announced it would host a conference call to discuss its third-quarter 2025 results on November 6, 2025.

While specific demand seasonality data for Cable One, Inc. was not explicitly found, trends in the broader broadband industry suggest some seasonal patterns. Other telecommunications providers have noted seasonal tailwinds for broadband net additions in the third quarter and a seasonal uptick in the fourth quarter. Cable One's own reporting mentioned seasonal churn in college markets as a factor contributing to elevated disconnects in Q2.

Cable One, Inc. is an American broadband communications provider operating under the Sparklight brand, along with Fidelity Communications and ValuNet Fiber. The company delivers connectivity and entertainment services to residential and business customers across the United States, focusing on high-speed internet, cable television, and phone services. Cable One also offers advanced WiFi solutions and fiber services in limited areas.

Cable One serves over 1.1 million residential and business customers across 24 U.S. states. Its headquarters are located in Phoenix, Arizona, although it does not serve that metropolitan area directly. A significant portion of its customer base is concentrated in seven states: Arizona, Idaho, Mississippi, Missouri, Oklahoma, South Carolina, and Texas. The company also operates under the Fidelity Communications brand, which provides services in Arkansas, Louisiana, Missouri, Oklahoma, and Texas.

Cable One's brand reputation has been significantly impacted by its financial performance and related events. The decline in earnings, dividend suspension, and securities fraud investigations have cast a negative light on the company. Analyst downgrades and criticisms of management's credibility further contribute to a challenging reputation. Despite these financial headwinds, the company has made efforts to enhance its offerings and customer experience.

Cable One, Inc. has a diverse ownership structure, with a significant portion held by institutional investors including BlackRock, Inc., Vanguard Group Inc, and others. Individual insiders hold approximately 1.48% to 8.43% of the company's stock, and the Graham family holds a 12% stake.