Cable One (CABO)

NYSECommunication ServicesTelecommunications ServicesSnapshot 2026-10-23

$4.83-13.90%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Cable One’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	383.39M
EPS	—	4.722
Annual ending 2026-12-31
Revenue	—	1.42B
EPS	—	-167.396
Annual ending 2027-12-31
Revenue	—	1.5B
EPS	—	14.787

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Debt repayments of at least $90M quarterly	Management focuses on sharpening execution and managing debt, with $90M repayments in 2026-Q1.	Intact	debt repayments fall below $90M	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. The Company repaid $90.2 million in 2025-Q4, $90.6 million in 2026-Q1, and $62.8 million in 2026-Q2 through various debt repayments and repurchases. This consistent debt reduction activity aligns with management's stated focus on managing debt and capital structure, indicating ongoing delivery. Delivery assessment Oct 24, 2026
Net income improves to at least $35.8M quarterly	Cable One improved net income to $35.8M in 2026-Q1 from a loss last year.	Broken	net income falls below $35.8M	Net income: $-1.165B FY2026-Q2; GAAP. Published target: >= $35.8M net income. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 6, 2026-1,164,576,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: ea2ba04c-a008-487f-bf6c-da1861898faf. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 2 of last 2 quarters. Revenues declined from $380.6 million in 2025-Q1 to $348.9 million in 2026-Q2, and Adjusted EBITDA fell from $202.7 million to $173.5 million over the same period. CEO emphasized sharpening execution and customer retention to improve performance, but financials show declining revenue and EBITDA, indicating limited progress so far. Delivery assessment Oct 24, 2026
Operating cash flow remains at least $118.2M quarterly	Free cash flow supports debt management.	Under Pressure	operating cash flow falls below $118.2M	Cash from operations: $120.857M FY2026-Q2; GAAP. Published target: >= $118.2M net cash from operations. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 6, 2026120,857,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Cash from operating activities declined from $144.9 million in 2025-Q2 to $120.9 million in 2026-Q2, showing a downward trend. Despite management's focus on increasing operating cash flow, the financials indicate limited progress in improving cash generation. Delivery assessment Oct 24, 2026
Revenue stabilizes near $353M quarterly	A primary condition in Cable One's published investment case. The stated target is >= $353M quarterly revenue.	Broken	quarterly revenue falls below $353M	Revenue: $348.926M FY2026-Q2; GAAP. Published target: >= $353M quarterly revenue. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 6, 2026348,926,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: ea2ba04c-a008-487f-bf6c-da1861898faf. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 2 of last 2 quarters. Revenues declined from $380.6 million in 2025-Q1 to $348.9 million in 2026-Q2, and Adjusted EBITDA fell from $202.7 million to $173.5 million over the same period. CEO emphasized sharpening execution and customer retention to improve performance, but financials show declining revenue and EBITDA, indicating limited progress so far. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenueUnavailable

$1.50B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$1,501,355,140	1 / 6
2026-07-25	Unavailable	$1,501,355,140	1 / 6
2026-07-26	Unavailable	$1,501,355,140	1 / 6
2026-07-27	Unavailable	$1,501,355,140	1 / 6
2026-07-28	Unavailable	$1,501,355,140	1 / 6
2026-07-29	Unavailable	$1,501,355,140	1 / 6
2026-07-30	Unavailable	$1,501,355,140	1 / 6
2026-07-31	Unavailable	Unavailable	2 / 4
2026-08-01	Unavailable	$1,501,355,140	1 / 6
2026-08-02	Unavailable	$1,501,355,140	1 / 6
2026-08-03	Unavailable	$1,501,355,140	1 / 6
2026-08-04	Unavailable	$1,501,355,140	1 / 6
2026-08-05	Unavailable	$1,499,655,140	1 / 6
2026-08-06	Unavailable	$1,499,655,140	1 / 6
2026-08-07	Unavailable	Unavailable	2 / 4
2026-08-08	Unavailable	Unavailable	2 / 4
2026-08-09	Unavailable	$1,491,667,090	2 / 6
2026-08-10	Unavailable	Unavailable	2 / 4
2026-08-11	Unavailable	Unavailable	2 / 4
2026-08-12	Unavailable	Unavailable	2 / 4
2026-08-13	Unavailable	Unavailable	2 / 4
2026-08-14	Unavailable	Unavailable	2 / 4
2026-08-15	Unavailable	Unavailable	2 / 4
2026-08-16	Unavailable	Unavailable	2 / 4
2026-08-17	Unavailable	Unavailable	2 / 4
2026-08-18	Unavailable	Unavailable	2 / 4
2026-08-19	Unavailable	Unavailable	2 / 4
2026-08-20	Unavailable	Unavailable	2 / 4
2026-08-21	Unavailable	Unavailable	2 / 4
2026-08-22	Unavailable	Unavailable	2 / 4
2026-08-23	Unavailable	Unavailable	2 / 4
2026-08-24	Unavailable	Unavailable	2 / 4
2026-08-25	Unavailable	Unavailable	2 / 4
2026-08-26	Unavailable	Unavailable	2 / 4
2026-08-27	Unavailable	Unavailable	2 / 4
2026-08-28	Unavailable	Unavailable	2 / 4
2026-08-29	Unavailable	Unavailable	2 / 4
2026-08-30	Unavailable	Unavailable	2 / 4
2026-08-31	Unavailable	Unavailable	2 / 4
2026-09-01	Unavailable	Unavailable	2 / 4
2026-09-02	Unavailable	Unavailable	2 / 4
2026-09-03	Unavailable	Unavailable	2 / 4
2026-09-04	Unavailable	Unavailable	2 / 4
2026-09-05	Unavailable	Unavailable	2 / 4
2026-09-06	Unavailable	Unavailable	2 / 4
2026-09-07	Unavailable	Unavailable	2 / 4
2026-09-08	Unavailable	Unavailable	2 / 4
2026-09-09	Unavailable	Unavailable	2 / 4
2026-09-10	Unavailable	Unavailable	2 / 4
2026-09-11	Unavailable	Unavailable	2 / 4
2026-09-12	Unavailable	Unavailable	2 / 4
2026-09-13	Unavailable	Unavailable	2 / 4
2026-09-14	Unavailable	Unavailable	2 / 4
2026-09-15	Unavailable	Unavailable	2 / 4
2026-09-16	Unavailable	Unavailable	2 / 4
2026-09-17	Unavailable	Unavailable	2 / 4
2026-09-18	Unavailable	Unavailable	2 / 4
2026-09-19	Unavailable	Unavailable	2 / 4
2026-09-20	Unavailable	Unavailable	2 / 4
2026-09-21	Unavailable	Unavailable	2 / 4
2026-09-22	Unavailable	Unavailable	2 / 4
2026-09-23	Unavailable	Unavailable	2 / 4
2026-09-24	Unavailable	Unavailable	2 / 4
2026-09-25	Unavailable	Unavailable	2 / 4
2026-09-26	Unavailable	Unavailable	2 / 4
2026-09-27	Unavailable	Unavailable	2 / 4
2026-09-28	Unavailable	Unavailable	2 / 4
2026-09-29	Unavailable	Unavailable	2 / 4
2026-09-30	Unavailable	Unavailable	2 / 4
2026-10-01	Unavailable	Unavailable	2 / 4
2026-10-02	Unavailable	Unavailable	2 / 4
2026-10-03	Unavailable	Unavailable	2 / 4
2026-10-04	Unavailable	Unavailable	2 / 4
2026-10-05	Unavailable	Unavailable	2 / 4
2026-10-06	Unavailable	Unavailable	2 / 4
2026-10-07	Unavailable	Unavailable	2 / 4
2026-10-08	Unavailable	Unavailable	2 / 4
2026-10-09	Unavailable	Unavailable	2 / 4
2026-10-10	Unavailable	Unavailable	2 / 4
2026-10-11	Unavailable	Unavailable	2 / 4
2026-10-12	Unavailable	Unavailable	2 / 4
2026-10-13	Unavailable	Unavailable	2 / 4
2026-10-14	Unavailable	Unavailable	2 / 4
2026-10-15	Unavailable	Unavailable	2 / 4
2026-10-16	Unavailable	Unavailable	2 / 4
2026-10-17	Unavailable	Unavailable	2 / 4
2026-10-18	Unavailable	Unavailable	2 / 4
2026-10-19	Unavailable	Unavailable	2 / 4
2026-10-20	Unavailable	Unavailable	2 / 4
2026-10-21	Unavailable	Unavailable	2 / 4
2026-10-22	Unavailable	Unavailable	2 / 4
2026-10-23	Unavailable	Unavailable	2 / 4
2026-10-24	Unavailable	Unavailable	2 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Hold	Sell*
2026-05-01	4	2
2026-06-01	4	2
2026-07-01	5	2
2026-08-01	5	1
2026-09-01	5	1
2026-10-01	5	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 0 Buy / Strong Buy · 5 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Debt repayments of at least $90M quarterlyDirect metric needs a verified mapping
Net income improves to at least $35.8M quarterlyPublished status: Broken
Operating cash flow remains at least $118.2M quarterlyPublished status: Under Pressure
Revenue stabilizes near $353M quarterlyPublished status: Broken

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

5.4%Typical daily move · historical

Downside history

-97.1%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Cable One outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a high-risk, loss-making communications business with a watch-status long-term thesis. Management is reducing debt, but execution and operating results remain uneven.

What's priced into Cable One

CABO is described as cheap versus peers, while the valuation model shows a large negative expectations gap. That suggests market expectations are subdued, but the evidence does not show that the low valuation alone resolves the business risks.

What the fundamentals likely do

Near term, the risk of another earnings miss is elevated, and the sector backdrop is a headwind. Revenue and Adjusted EBITDA declined across the reported period, despite management’s focus on execution and customer retention. Debt repayments show ongoing capital-structure work, though management is assessed as behind on that priority.

What Cable One hinges on

The multi-year view hinges on whether execution and customer retention can stabilize operating performance while debt is managed. A guidance cut on the next call would be a meaningful negative; Fed rate cuts or stronger results and guidance from sector peers could provide a supportive backdrop.