Welcome to our dedicated page for Cable One news (Ticker: $CABO), a resource for investors and traders seeking the latest updates and insights on Cable One stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cable One's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cable One's position in the market.
Cable One, Inc. reported financial results for the first quarter of 2024, showing a decrease in revenues and net income compared to the same period in 2023. Despite sequential growth in residential and business data customers, the company experienced declines in residential video and data revenues. Adjusted EBITDA decreased by 5.1%, with net profit margin at 11.7%. The company paid dividends and reduced its debt during the quarter. Capital expenditures decreased by 31.4% year-over-year.
Mega Broadband Investments (MBI) announced the appointment of Andy Parrott as CEO, effective May 1st, 2024, with Phil Spencer transitioning to a senior advisor role. Parrott, with experience at Charter Communications, Suddenlink Communications, and Altice USA, joined MBI in 2019 and has been praised for his leadership in strategic initiatives, such as Gigabit internet service rollout and customer service improvement. Cable One CEO Julie Laulis also commended Parrott's community-first mindset and management style. Parrott's promotion signifies a new chapter of growth for MBI.