JP Morgan Cuts Cable One Price Forecast Amid Fiber Competition, Challenges In Broadband Growth
The lowered price forecast and evolving competitive landscape indicate reduced future profitability, potentially lowering investor confidence.
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The lowered price forecast and evolving competitive landscape indicate reduced future profitability, potentially lowering investor confidence.
What happened, with direct paths to the underlying reporting
JP Morgan lowered CABO's price forecast from $420 to $325. Broadband subscriber growth is constrained by fiber competition and FWA challenges. Analyst estimates broadband net adds drop to 5k from 14k for 2025. CABO projected total revenue of $1.540 billion, a 0.8% decrease. Recent GAAP EPS reported at $(18.71), missing sales estimates.
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