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CABO News5 articles
Credo Technology Surges on AI Cable Demand, but Customer Concentration Looms
Credo Technology shares jumped 9.8% to $265.55, topping the SOX rally, driven by strong AI cable demand. Yet, with the stock near analyst targets, risks from customer concentration loom.
Netflix Lags as M&A Buzz Boosts Cable Stocks; Q2 Earnings in Focus
Netflix shares flat as Nasdaq gains over 2%; NBCUniversal breakup talk boosts cable stocks but fails to move NFLX. Q2 earnings on July 16 are the next catalyst.
AT&T Slumps as Starlink-Cable Pact Rattles Telecoms
AT&T dropped 5.2% on Monday as news of a potential Starlink-Charter partnership and Comcast's breakup weighed on telecom stocks.
Optical Cable Shares Soar 64% on Q2 Profit, But Fiber Shortages Loom
OCC shares surged 64% after Q2 profit on 26.6% higher sales, but fiber shortages and cost pressures pose risks.
SSE Awards Major Subsea Cable Contracts in £950m Scottish Grid Upgrade
SSE has named five contractors for a framework worth up to £950 million to modernize subsea power links to Scottish islands. The utility's shares held steady near recent highs following the announcement.