PHOENIX - Cable One, Inc. (NYSE:CABO), a leading broadband communications provider, announced today the appointment of Anthony Mokry as Senior Vice President, Residential Services. Mokry brings over 25 years of experience in the telecommunications industry to his new role at Cable One, where he will be responsible for leading marketing initiatives, focusing on strategy development, product innovation, and management of the residential customer segment.
Before his appointment at Cable One, Mokry held the position of Vice President and Chief Marketing Officer at Cricket Wireless, an AT&T subsidiary. His career at AT&T also included roles such as Vice President for the Gulf States and Associate Vice President for Retail Markets. Mokry's background is expected to contribute significantly to Cable One's growth and customer experience enhancement.
Julie Laulis, President and CEO of Cable One, expressed enthusiasm for Mokry's arrival, emphasizing his proven track record in revenue growth and customer experience improvement. Laulis highlighted the importance of Mokry's competitive strategy insights in the evolving market and the company's commitment to connecting customers and communities.
Mokry is a DePaul University alumnus, holding a bachelor's degree in Executive Management. His expertise is anticipated to be a valuable asset to Cable One as it continues to deliver broadband services to over a million residential and business customers across 24 states.
Cable One, operating under the Sparklight® brand among others, is dedicated to innovation, reliability, and customer experience, with a focus on bridging the digital divide and empowering communities. The company's infrastructure and technology are not only aimed at keeping customers connected but also at driving progress in various sectors including education and business.
This move is part of Cable One's ongoing efforts to strengthen its leadership team and enhance its market position. The information is based on a press release statement from Cable One, Inc.
In other recent news, Cable One, Inc. has undergone significant changes in its executive team and financial performance. The company recently announced the restructuring of its leadership, with the elimination of the Chief Legal and Administrative Officer role, currently held by Peter N. Witty, effective January 1, 2025. This transition will see Christopher J. Arntzen, the current Vice President, Deputy General Counsel, and Secretary, promoted to the position of Senior Vice President, General Counsel, and Secretary.
In terms of financial performance, Cable One reported mixed Q2 2024 results, with total revenues decreasing to $394.5 million, down from $424 million in the previous year. However, the company reported a net income of $47.6 million and adjusted EBITDA of $212.4 million. Additionally, the company announced an accounting error related to its minority investment in Clearwave Fiber, intending to file restated financials for the affected periods.
Analysts at KeyBanc maintained their Overweight rating on Cable One, despite the accounting issue, noting that it does not affect the company's overall financial health. The firm views Cable One's decision to restate its financials as a positive step towards providing clarity to investors.
In the strategic front, Cable One is focusing on delivering a seamless connectivity experience and expects broadband to drive growth in the second half of the year. The company is also considering adding wireless to its consumer offering, provided it is economically viable. These are among the recent developments that investors should note.
InvestingPro Insights
As Cable One, Inc. (NYSE:CABO) welcomes Anthony Mokry to its leadership team, investors may find additional context from recent financial data and expert insights. According to InvestingPro, Cable One's market capitalization stands at $1.93 billion, reflecting its significant presence in the broadband communications sector.
The company's P/E ratio of 9.24 suggests that it may be undervalued compared to industry peers, which could be of interest to value-oriented investors. This is further supported by an InvestingPro Tip indicating that the company's valuation implies a strong free cash flow yield, potentially signaling an attractive investment opportunity.
Cable One's commitment to shareholder returns is evident in its dividend history. An InvestingPro Tip highlights that the company has raised its dividend for 9 consecutive years, demonstrating a track record of increasing shareholder value. Currently, Cable One offers a dividend yield of 3.43%, which may be appealing to income-focused investors.
Despite a challenging year with a one-year price total return of -34.77%, Cable One's financial health appears robust. The company's liquid assets exceed short-term obligations, as noted by another InvestingPro Tip, which suggests financial stability—a crucial factor as the company navigates market changes and invests in growth initiatives under new leadership.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide deeper insights into Cable One's financial position and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.