Cable One stock: buy or sell?

CABO stock price: $1,140.46 1.28% At close on May 21st, 2019

Updated on:
May 21st, 2019

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After several days of continuous hikes in past weeks, Cable One stepped up 1.28% to $1,140.46.

Cable One, Inc. owns and operates cable systems that provide data, video, and voice services to residential and commercial customers in the United States.

Should I buy Cable One stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, 2 buy setups match with Cable One stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Cable One stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we detected 5 ratings published for CABO stock in the last month.

The general sentiment of these ratings is bullish for CABO stock, with 3 positive ratings.
Is CABO a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-5-10SunTrust Banksn/aHold
2019-3-1B. RileyBuyBuy
2019-3-1B. RileyBuyBuy
2019-2-28SunTrust Banksn/aHold
2019-2-28KeyCorpn/aOverweight

Cable One stock analysis

Daily outlook

Cable One stepped up 1.28% today to $1,140.46 after topping to all time highs on Friday.

After reaching all time highs on Friday, Cable One stepped up 1.28% to $1,140.46. From a daily perspective, CABO is in a short term uptrend after plotting its last bottom ($1,056.68, on May/10) higher than the previous bottom, and its last top ($1,146.32, on Friday) also over the previous top. Now trading in between its last bottom and last top CABO might consolidate in a plain range, waiting to break out over $1,146.32 or down under $1,056.68. Since SMA50d and SMA100d crossed up on February, CABO price climbed $175.85 per share (18.23%). Since price and SMA100d lines crossed up on January, CABO climbed $285.60 (33.41%). On Friday, CABO hit new all time highs, pushing higher previous ATH of $1,128.96 recorded on Thursday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

CABO stock chart (daily)

Weekly outlook

Cable One remained constant a neutral 0.09% this week. This week was the 5th green week in a row.

Cable One stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Cable One marked last week. Since mid July 2018 when SMA20w and SMA40w crossed up, CABO price gained $385.39 per share (51.04%). Since mid June 2018 when CABO stock price broke up the SMA40w line, it gained $463.57 (68.49%).

CABO stock chart (weekly)

Cable One stock price history

Cable One stock went public on June 11th, 2015 with a price of $385.471. Since then, CABO stock surged a 195.90%, with an average of 65.30% per year. If you had invested $1,000 in Cable One stock in 2015, it would worth $1,959.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Cable One stock historical price chart

CABO stock reached all-time highs on Friday with a price of $1,146.32.

Cable One stock price target is $1,024.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 5 price targets for Cable One stock released in the last 30 days:
CABO stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-5-10SunTrust BanksRaises Targetn/a$1,020.00-
2019-3-1B. RileyReiteratesn/a$990.00-
2019-3-1B. RileyRaises Target$990.00$1,090.0010.1%
2019-2-28SunTrust BanksReiteratesn/a$905.00-
2019-2-28KeyCorpReiterates$1,025.00$1,115.008.8%
(in average)$1,007.50$1,024.002.0%
The price target for Cable One stock is $1,024.00, moving in a range between $1,115.00 and $905.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Cable One didn't meet the forecasts of the analysts and posted a rough EPS of $7.34 per share when experts were expecting $8.04.
CABO earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a5.42n/a
2017-Q2-n/a5.51n/a
2017-Q32017-11-085.25.485.4%
2017-Q42018-03-015.875.78-1.5%
2018-Q12018-05-096.687.086.0%
2018-Q22018-08-097.977.65-4.0%
2018-Q32018-11-077.846.7-14.5%
2018-Q42019-02-278.047.34-8.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Cable One annual turnover climbed a brilliant 11.70% to $1,072.30 M dollars from $959.96 marked in 2017. In contrast, its income margin (compared to revenues) dropped to 15.37%, that is $164.76 million.

CABO annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$826 M-$105 M12.7%-
2014$815 M-1.32%$147 M18.1%40.95%
2015$807 M-0.93%$89 M11.0%-39.56%
2016$820 M1.53%$99 M12.1%11.13%
2017$960 M17.12%$235 M24.5%137.69%
2018$1,072 M11.70%$165 M15.4%-29.94%

Quarterly financial results

Cable One reported $269.85 million in sales for 2018-Q4, a 0.59% up compared to previous quarter. Reported quarter income marked $42.01 M with a profit margin of 15.57%. Profit margin raised a 1.29% compared to previous quarter when profit margin was 14.28%. When comparing revenues to same quarter last year, Cable One sales marked a decent gain and stepped up a 4.69%.
CABO quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$207 M-$33 M16.0%-
2017-Q2$241 M16.20%$29 M11.9%-13.97%
2017-Q3$254 M5.31%$32 M12.4%10.27%
2017-Q4$258 M1.55%$143 M55.5%354.24%
2018-Q1$266 M3.10%$41 M15.3%-71.60%
2018-Q2$268 M1.00%$44 M16.3%7.70%
2018-Q3$268 M-0.05%$38 M14.3%-12.50%
2018-Q4$270 M0.59%$42 M15.6%9.64%

Cable One ownership

When you are planning to buy a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Cable One, 14.34% of all outstanding shares are owned by its staff.

Bearish positions for CABO stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Cable One:

CABOGTTLBRDKRNET
Market cap$6.5 B$1.5 B$15.3 B$156.7 M
Total shares5.7 M55.9 M152.6 M19.5 M
Float shares5.0 M28.9 M173.1 M11.6 M
  - Institutional holdings (%)80.3%91.1%68.6%89.1%
  - Insider holdings (%)14.3%18.8%3.3%1.8%
Shares in short selling0.0%0.0%0.0%0.0%

Cable One summary

Tuesday, May 21st, 2019
Open$1128.99
Close$1140.46
Day range$1122.43 - $1144.91
Previous close$1126.05
Session gain1.28%
Average true range$23.77
50d mov avg$1,024.14
100d mov avg$955.75
200d mov avg$901.74
Daily patternlt06a
Weekly pattern lt06a

Cable One performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Cable One to GTT Communications, Liberty Broadband and RigNet:
Stock3m6m12m
CABOCable One18.66%33.62%74.55%
GTTGTT Communication...-15.30%-14.80%-41.61%
LBRDKLiberty Broadband10.99%27.53%40.24%
RNETRigNet-46.65%-51.68%-32.07%

Cable One competitors

We selected a few stocks to conform a list of Cable One competitors to check if you are interested in investing in CABO: