NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Cable One, Inc. (“Cable One” or the “Company”) (NYSE: CABO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Cable One and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 1, 2025, Cable One reported its financial results for the first quarter of 2025. Among other items, Cable One reported earnings that fell significantly short of analyst expectations and suspended its dividend. Analysts at Keybanc called the results “extremely disappointing” and questioned the credibility of Cable One's management. Raymond James also criticized Cable One’s management, claiming that “[t]he results for Q1 were worse than expected, yet management was adamant they will see growth in both broadband top line revenue and subscribers for the year.”
On this news, Cable One’s stock price fell $109.48 per share, or 41.79%, to close at $152.51 per share on May 2, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
646-581-9980 ext. 7980
