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Experts agree that Dycom Industries is heavily involved in building rural communications infrastructure and is a major recipient of Federal government spending. With a backlog of $6 billion in projects, the stock is expected to see high volatility but is considered a very good long-term hold due to its strong management team.
Building rural communications infrastructure.
Massive recipient of Federal government spending.
Backlog of $6 billion in projects.
Expect high volatility in stock price.
Very good long term hold with strong management team.
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.
An infrastructure company in telecoms; their biggest customers are telecoms like Verizon and Comcast. They string the contintent for 5G capability. Warning: It's a lumpy business, because it's bsed on fixed costs. However, Dycom is getting a lot of positive attention because they are the go-to business to lay the fibre optics for the coming 5G revolution. This can easily earn $6/share, so it's not expensive now. (Analysts’ price target is $102.00)
It is a good deal. Frustrating the fact that it is so lumpy. A company that is in the business of rewiring America for 1-Gig technology. A technology we all are going to need. It is going to be many many times faster to download data. Needed for HD. Big customers. Giants like AT&T and Comcast. Long term this is a company that will reward shareholders.
Dycom Industries is a American stock, trading under the symbol DY-N on the New York Stock Exchange (DY). It is usually referred to as NYSE:DY or DY-N
In the last year, there was no coverage of Dycom Industries published on Stockchase.
Dycom Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Dycom Industries.
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0 stock analysts on Stockchase covered Dycom Industries In the last year. It is a trending stock that is worth watching.
On 2024-04-19, Dycom Industries (DY-N) stock closed at a price of $135.56.
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)