Stock Track | Cable One Plummets 6.25% as JP Morgan Cuts Price Target on Fiber Competition Concerns

Stock Track
03-04

Cable One (CABO) experienced a significant stock plummet of 6.25% during Monday's trading session, following JP Morgan analyst Sebastiano C Petti's decision to lower the price target on the company from $420 to $325, while maintaining a Neutral rating.

Petti cited the growing fiber competition and ongoing fixed wireless access (FWA) challenges as primary factors expected to constrain Cable One's broadband subscriber growth and limit its long-term market penetration. With roughly 10% of Cable One's footprint now facing new fiber competition and fiber build-out accelerating, the analyst expressed concerns about the company's ability to positively impact broadband subscriber growth through its latest market strategy.

For 2025, Petti estimates Cable One's broadband net adds to decline to +5k, down from the previous estimate of +14k. Additionally, the analyst forecasts a 3% decrease in EBITDA to $820 million, driven by lower broadband revenue and rising costs. However, Petti anticipates Cable One's EBITDA decline rate to improve in 2025 as broadband revenues stabilize, led by improved average revenue per user (ARPU) and selling, general & administrative (SG&A) savings.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10