The stock of Cable One Inc (NYSE:CABO) hit a new 52-week high and has $639.18 target or 6.00% above today’s $603.00 share price. The 5 months bullish chart indicates low risk for the $3.46B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $639.18 price target is reached, the company will be worth $207.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 57,662 shares traded hands or 33.98% up from the average. Cable One Inc (NYSE:CABO) has risen 27.65% since April 26, 2016 and is uptrending. It has outperformed by 22.39% the S&P500.
Analysts await Cable One Inc (NYSE:CABO) to report earnings on March, 1. They expect $4.55 EPS, up 2.48% or $0.11 from last year’s $4.44 per share. CABO’s profit will be $26.11M for 33.13 P/E if the $4.55 EPS becomes a reality. After $3.63 actual EPS reported by Cable One Inc for the previous quarter, Wall Street now forecasts 25.34% 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 important 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 article titled: “Cable One Inc Grows Revenue as Shift to Data and Business Services Continues”, Businesswire.com published: “Cable ONE to Participate in UBS Global Media & Communications Conference” on November 21, 2016. More interesting news about Cable One Inc (NYSE:CABO) was released by: Quotes.Wsj.com and their article: “News Cable One Inc.CABO” with publication date: June 23, 2015.
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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