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Further recession fears pressure marketsOur Mega List of the Latest ETFs Mentioned on Stockchase24 Stock Top Picks and 3 ETFs (Nov 09-15)This summary was created by AI, based on 1 opinions in the last 12 months.
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.
Has a big piece of bringing the internet to rural America. Backlog represents about 18 months of revenue. Inexpensive at 15x.
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)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)
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, 2 stock analysts published opinions about DY-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Dycom Industries.
Dycom Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Dycom Industries.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Dycom Industries In the last year. It is a trending stock that is worth watching.
On 2024-10-10, Dycom Industries (DY-N) stock closed at a price of $186.77.
Likes it. They've been laying fibre across the rural U.S. to upgrade the internet, and they receive Washington's subsidies to do this. They're successful, and shares have risen. He'd still buy at this level.