Gregory Williams, an analyst from TD Cowen, maintained the Hold rating on Cable ONE. The associated price target was lowered to $421.00.
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Gregory Williams has given his Hold rating due to a combination of factors influencing Cable ONE’s performance. The company reported mixed results for the second quarter of 2025, with notable increases in broadband average revenue per user (ARPU) due to price adjustments and the expiration of promotional offers. However, this positive development was offset by significant losses in broadband subscribers, which management attributes to competitive pressures from fiber overbuilds that now cover a larger portion of their service area.
Despite some growth in gross subscriber additions, the overall decline in net subscribers remains a concern. Management has adjusted its expectations and no longer anticipates broadband revenue growth for 2025, projecting instead that revenue will be flat or slightly down year-over-year. While tax savings have provided some relief, the lack of clear visibility into future broadband growth and the ongoing competitive challenges contribute to the Hold rating.
According to TipRanks, Williams is an analyst with an average return of -1.9% and a 46.88% success rate. Williams covers the Communication Services sector, focusing on stocks such as AT&T, Charter Communications, and Cable ONE.