Wallace R Weitz, Board Member at Cable One (NYSE:CABO), reported an insider buy on May 22, according to a new 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 1,000 shares of Cable One, amounting to a total of $369,980.
Tracking the Thursday's morning session, Cable One shares are trading at $351.98, showing a down of 0.0%.
Unveiling the Story Behind Cable One
Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers. From a product perspective, the majority of revenue is sourced from data and video services. This revenue is subscription-based and billed monthly. The company also offers Sparklight TV, an internet protocol-based (IPTV) video service that allows customers with Sparklight TV app to stream video channels from the cloud. The company also derives advertising revenue from selling airtime on its video channels. Voice services are offered over Internet protocols. The company owns a telecommunications infrastructure.
Cable One: A Financial Overview
Decline in Revenue: Over the 3 months period, Cable One faced challenges, resulting in a decline of approximately -4.17% in revenue growth as of 31 March, 2024. This ...