Why Dycom Industries Stock Is Plummeting This Week
Dycom Industries shares plummeted 21.6% following Q2 2027 earnings despite beating revenue estimates. The decline was driven by a narrower adjusted EBITDA margin in the communications segment (13.6% vs 14.9% year-over-year) due to operational scaling investments, deferred wireless projects, and fuel cost pressures. Multiple analysts cut price targets, including KeyBanc (to $423 from $610) and Cantor Fitzgerald (to $476 from $654). However, the company achieved record backlog of $12.2 billion and strong free cash flow of $37.9 billion.
Read original at the-motley-fool