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This investigation is for anyone who acquired securities in Cable One, Inc. (NYSE: CABO) prior to May 1, 2025.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by billing customers that had indicated to the Company that they wanted to cancel their subscriptions, thereby artificially inflating revenue.
On May 1, 2025, Cable One released its first quarter 2025 financial results, revealing revenue which declined approximately 6% year over year, with residential data revenue declining 4.5% in the same period due to “decrease in residential data subscribers and a decrease in average revenue per unit (“ARPU”) as a result of the implementation of targeted pricing and product offerings in certain markets.” The Company further disclosed there was “heightened churn associated with [its] billing migration activities” in the quarter. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Cable One, Inc. (NYSE: CABO) prior to May 1, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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