Dycom price target hike



Top-rated Dycom Industries (NYSE:DY) got a big price-target hike Friday from investment bank FBR, which sees “accelerating opportunities” for the installer of underground fiber and provider of other specialty contracting services to telecom, cable and other broadband providers in the U.S. and Canada.
FBR analysts Alex Rygiel and Min Cho hiked their price target on Dycom stock to 100 from 88 after the company late Tuesday posted better-than-expected earnings and sales for its its fiscal Q1 ended Oct. 24 and gave what the analysts called a "strong outlook.

“Dycom remains a leading beneficiary of increased 1 gbps (1 gigabit per second fiber broadband) spending by major telcos, cable operators and new entrants to enhance their wireline networks for higher bandwidth speeds,”

I think this last part links them with INFN a bit.

In their report, the FBR analysts note “accelerating opportunities with new entrants such as Google,” but they do not call Alphabet’s (NASDAQ:GOOGL) Google a Dycom customer.
In its quarterly filing, Dycom names its top eight customers except for the customer that accounted for the fifth highest percentage of revenue in Q1, 8.5%. Its top four customers, in order, were AT&T (NYSE:T), CenturyLink (NYSE:CTL), Comcast (NASDAQ:CMCSA) and Verizon Communications (NYSE:VZ).

I know Google Fiber is in KC and Austin, and now I find it is in Provo Utah.

Here are future sites…