BUZZ-Cable One slips to all-time low after Q1 results miss

Reuters
05-02
BUZZ-Cable One slips to all-time low after Q1 results miss

** Shares of Cable One CABO.N slip almost 35.1% to all-time low of $170.2 after Q1 revenue miss

** The broadband communications provider's residential video and residential data subscribers declined

** Co reports revenue of $380.6 mln vs analysts' expectations of $386.9 mln - data compiled by LSEG

** Posts net income of $2.6 mln, significantly lower than Wall Street estimates of $47.8 mln

** Raymond James downgrades stock to "market perform" from "outperform"

** "We expect ... the path to regaining credibility to be long and arduous, and as such, cannot have a constructive rating on the name" - brokerage

** 1 out of 7 analysts rate share as "buy", 4 "hold" and two "sell"; Median PT is $339.50 - LSEG

** Of last close, CABO down 27.7% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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