Cable One Stock Plummets 41.79% in Three Days Trading Volume Surges 577.34% Ranking 445th in Market

On May 2, 2025, Cable One (CABO) experienced a significant decline, with its stock price dropping by 41.79% over three consecutive days, resulting in a total decrease of 43.94%. The trading volume for Cable One on this day was 2.10 billion, marking a 577.34% increase from the previous day and ranking it 445th in the overall market.

Cable One reported a net income of $2.6 million for the first quarter of 2025, a substantial decrease from $37.4 million in the same period last year. This decline was primarily due to a significant drop in revenue, which fell from $404.3 million in Q1 2024 to $380.6 million in Q1 2025. The company's residential data revenue also saw a decrease of $10.7 million, or 4.5%, year over year.

During the Q1 2025 earnings call, Cable One's management highlighted the challenges faced by the company, including a 4.5% drop in residential data revenue and a nearly 16% decline in residential video revenue. The company also announced the suspension of its dividend to conserve over $200 million over the next three years, signaling a shift towards debt reduction and internal investment rather than shareholder returns.

Cable One's stock price has been highly volatile, with 19 moves greater than 5% over the past year. The recent decline in stock price indicates that the market has significantly altered its perception of the company's business prospects. The stock is down 54.7% since the beginning of the year and is trading 61.1% below its 52-week high of $425.99 from November 2024.