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Cable ONE
(NYSE:CABO)
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Rating:44Neutral
Price Target:
$22.00
▼(-41.54% Downside)
Action:Reiterated
Date:08/17/26
CABO scores low primarily due to sharply weakened financial performance (losses, declining revenue, negative operating/free cash flow) combined with high leverage and shrinking equity. Technicals reinforce the downside trend with broad weakness versus key moving averages and negative MACD. Earnings commentary and corporate updates show active operational and balance-sheet initiatives, but near-term subscriber and revenue declines remain the dominant risk, while valuation metrics are limited by negative earnings and no stated dividend yield.
Positive Factors
Multi-Gig Network Upgrade
Broad multi-gig coverage strengthens Cable ONE’s core connectivity proposition and supports higher service tiers, customer retention and future network capacity without requiring a major new capital program.
Negative Factors
Broadband Subscriber Losses
Persistent broadband customer losses weaken the company’s recurring revenue base and raise churn concerns, potentially limiting operating leverage and increasing the cost of retention and customer acquisition.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-Gig Network Upgrade
Broad multi-gig coverage strengthens Cable ONE’s core connectivity proposition and supports higher service tiers, customer retention and future network capacity without requiring a major new capital program.
Read all positive factors
Cable ONE (CABO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$129.54M
Dividend YieldN/A
Average Volume (3M)119.95K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-6.54%
EPS Growth-108.97%
CountryUS
Employees2,592
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-184.08
Shares Outstanding5,673,925
10 Day Avg. Volume80,500
30 Day Avg. Volume119,950
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.44
Price to Sales (P/S)0.42
P/FCF Ratio2.32
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$51.00Price Target Upside35.53% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)19.42
Revenue Forecast (FY)$1.42B
Cable ONE Business Overview & Revenue Model
Company Description
Cable One, Inc., through its various subsidiaries, delivers a full spectrum of data, video, and voice communication services across the United States. For individual households, the company provides internet connectivity, including solutions desig...
How the Company Makes Money
Cable ONE generates revenue primarily by selling subscription-based connectivity services to residential and business customers. The largest driver is monthly broadband internet access, typically priced in tiers based on speed and/or usage feature...
Cable ONE Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Negative
The call communicated meaningful operational initiatives and progress — network multi‑gig readiness, improved acquisition mix (digital and door-to-door), early mobile traction, focused product launches (UCaaS), and active debt reduction — but these positives were outweighed by near-term financial and subscriber challenges: a 17k broadband customer loss, total revenue down ~8.5% year-over-year, a notable decline in adjusted EBITDA and adjusted EBITDA less CapEx, expense ratios that rose as a percent of revenue, and non-cash impairment charges. Management emphasized retention work and disciplined capital allocation as remediation steps, but the near-term trends are materially negative.Positive Updates
Network and Infrastructure Upgrade
Essentially all of the network is gig-capable today and the vast majority of customers will be served by multi-gig capable infrastructure by year-end, achieved via disciplined, capital-efficient investments rather than a major new capital program.
Negative Updates
Significant Subscriber Losses
Residential broadband lost 17,000 customers in the quarter as elevated churn continued to pressure subscriber results; management identified improving retention as the top operational priority.
Read all updates
Q2-2026 Updates
Positive
Negative
Network and Infrastructure Upgrade
Essentially all of the network is gig-capable today and the vast majority of customers will be served by multi-gig capable infrastructure by year-end, achieved via disciplined, capital-efficient investments rather than a major new capital program.
Read all positive updates
Company Guidance
Management reiterated that full‑year CapEx is expected to remain consistent with the prior year (Q2 CapEx was $74.0M, or 42.7% of adjusted EBITDA), reported Q2 adjusted EBITDA of $173.5M (49.7% of revenues) and adjusted EBITDA less CapEx of $99.5M, and said the vast majority of customers will be served by multi‑gig capable infrastructure by year‑end; they flagged Q2 residential broadband net losses of 17,000 customers, residential data revenue down $16.7M (‑7.3% YoY) with sequential ARPU improvement, and reaffirmed a long‑term penetration opportunity meaningfully above current levels (cited ~34%); on the balance sheet they ended Q2 with $166.2M cash, $3.06B gross debt (term loans $1.66B, revolver draws $550M, unsecured notes $503M, convertibles $345M), $700M of undrawn capacity on a $1.25B revolver, reduced debt by ~$63M in the quarter and nearly $130M YTD, reported a 4.2x net leverage (LQA) and said they will pursue leverage reduction, evaluate financing alternatives and potential monetization of equity investments, while continuing disciplined capital allocation and investments in network, in‑home tech/security, AI/automation and a nascent mobile offering (launched in March) to support acquisition and retention.Cable ONE Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
28
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.44B | 1.50B | 1.58B | 1.68B | 1.71B | 1.61B |
| Gross Profit | 809.67M | 770.77M | 1.16B | 1.24B | 1.24B | 1.15B |
| EBITDA | -361.34M | 24.20M | 723.93M | 924.43M | 849.87M | 789.60M |
| Net Income | -1.05B | -356.46M | 14.48M | 224.62M | 213.06M | 291.82M |
Balance Sheet | ||||||
| Total Assets | 4.62B | 5.59B | 6.53B | 6.76B | 6.89B | 6.95B |
| Cash, Cash Equivalents and Short-Term Investments | 166.19M | 152.77M | 153.63M | 190.29M | 215.15M | 388.80M |
| Total Debt | 3.05B | 3.19B | 3.60B | 3.66B | 3.82B | 3.85B |
| Total Liabilities | 4.30B | 4.15B | 4.73B | 4.95B | 5.15B | 5.16B |
| Stockholders Equity | 326.38M | 1.43B | 1.80B | 1.81B | 1.74B | 1.79B |
Cash Flow | ||||||
| Free Cash Flow | 247.56M | 274.37M | 377.77M | 292.72M | 327.30M | 319.81M |
| Operating Cash Flow | 541.13M | 563.33M | 664.13M | 663.17M | 738.04M | 704.34M |
| Investing Cash Flow | -125.02M | -154.18M | -564.45M | -341.90M | -448.27M | -2.47B |
| Financing Cash Flow | -402.80M | -410.01M | -136.34M | -346.13M | -463.43M | 1.58B |
Cable ONE Technical Analysis
Negative
37.63
Price Trends
39.62
Negative
55.46
Negative
80.78
Negative
Market Momentum
-4.71
Positive
36.23
Neutral
11.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CABO, the sentiment is Negative. The current price of 37.63 is above the 20-day moving average (MA) of 34.62, below the 50-day MA of 39.62, and below the 200-day MA of 80.78, indicating a bearish trend. The MACD of -4.71 indicates Positive momentum. The RSI at 36.23 is Neutral, neither overbought nor oversold. The STOCH value of 11.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CABO.
Cable ONE Risk Analysis
Cable ONE disclosed 37 risk factors in its most recent earnings report. Cable ONE reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cable ONE Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
48 Neutral | $346.90M | -412.12 | -0.76% | ― | 30.03% | -113.24% | |
47 Neutral | $680.99M | -15.19 | -4.77% | 0.96% | 5.01% | -23.53% | |
44 Neutral | $129.54M | -0.14 | -89.91% | ― | -6.54% | -108.97% | |
43 Neutral | $1.03B | -110.07 | -4.95% | ― | 5.88% | ― |
* Communication Services Sector Average
CABO
Cable ONE
26.34
-130.92
-83.25%
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-0.84
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Cable ONE Corporate Events
Business Operations and StrategyExecutive/Board Changes
Cable ONE Appoints Veteran Executive as New COO
Positive
Aug 14, 2026
On August 14, 2026, Cable One announced the appointment of veteran telecom executive Heather McCallion as chief operating officer, with her start date expected on or around August 24, 2026. McCallion brings more than 25 years of experience at comp...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Cable One Issues Preliminary Q2 2026 Financial Outlook
Negative
Jul 9, 2026
Cable One disclosed preliminary estimates for the quarter ended June 30, 2026, projecting revenue between $346 million and $352 million and capital expenditures of $72 million to $76 million. The company expects Adjusted EBITDA to decline versus t...
Business Operations and StrategyPrivate Placements and Financing
Cable ONE Reports Participation in Term Loan Exchange Offer
Neutral
Jun 24, 2026
Cable One, Inc., a U.S. broadband communications provider, reported that as of 5:00 p.m. New York City time on June 23, 2026, lenders holding approximately 34.0% of the outstanding senior secured term loans under Mega Broadband Investments Holding...
Business Operations and StrategyPrivate Placements and Financing
Cable One Advances MBI Term Loan Exchange Offer
Neutral
Jun 23, 2026
Cable One, Inc. reported that as of 5:00 p.m. New York City time on June 22, 2026, lenders holding approximately 33.4% of the outstanding senior secured term loans under the November 12, 2020 credit agreement for Mega Broadband Investments Holding...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Cable One Launches Exchange Offer for MBI Term Loans
Positive
Jun 22, 2026
On June 22, 2026, Cable One, Inc. launched an exchange offer to lenders holding senior secured term loans under the MBI Credit Agreement, giving them the option to swap their existing MBI term loans for a mix of cash and new first-lien “firs...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.