Stock price when the opinion was issued
Their earnings are lumpy with revenues coming from a limited number of clients. Beware. They are a big player in rewiring North America in 5G, which is a plus. Comcast, Google and others are big customers. The risk is, if one of these clients delays a project, then DY gets his for a quarter or so. Long term, this will do well and benefit from the long-term 5G theme.
Fibre cable throughout NA. 5 customers make up 66% of revenues, which can mean lumpy results, so you have to be comfortable with that prospect if you're going to buy this one. Weather can also push things off. Highly volatile, but trajectory is up and to the right. $6B backlog (or about 18 months of revenue), pushing to $7B by year's end, on the back of a $40B US infrastructure bill. Multiple is not extreme. No dividend.
(Analysts’ price target is $157.56)
(Past Top Pick, August 17, 2017, Up 22%) They literally lay the fibre for 1-Gig technology for telecom giants like AT&T and Comcast, so if one of those companies cuts back then it effects Dycom. A lumpy stream of revenue growth, but will run 15% in the long run. They're a major company in this industry.