A notable insider purchase on March 5, was reported by Wallace R Weitz, Director at Cable One (NYSE:CABO), based on the most recent SEC filing.
What Happened: In a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, it was disclosed that Weitz bought 4,000 shares of Cable One, amounting to a total of $982,020.
During Thursday’s morning session, Cable One shares up by 0.82%, currently priced at $256.0.
Delving into Cable One’s Background
Cable One Inc. is a telecommunications company that generates revenue from providing broadband, voice, and video services to both residential and business customers. From a product standpoint, the majority of revenue comes from data and video services, which are subscription-based and billed monthly. The company also offers Sparklight TV, an Internet Protocol Television (IPTV) service that enables customers using the Sparklight TV app to stream video channels from the cloud. Additionally, the company earns advertising revenue by selling airtime on its video channels, and it provides voice services over Internet protocols. Cable One Inc. owns its telecommunications infrastructure.
Understanding the Numbers: Cable One’s Finances
Negative Revenue Trend: Examining Cable One’s financials over 3 months reveals challenges. As of 31 December, 2024, the company experienced a decline of approximately -5.97% in revenue growth, reflecting a decrease in top-line …
