Dycom Industries : LWPartners says Dycom shares can double or triple
October 26, 2016 at 08:28 am EDT
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TEL AVIV (Reuters) - LWPartners Chairman "Leon Wagner said on Wednesday shares in telecommunications services provider Dycom Industries Inc (>> Dycom Industries, Inc.) could double or triple as strong cash flow, growth in fiber optics and consolidation in the communications industry create upside.
TEL AVIV (Reuters) - LWPartners Chairman "Leon Wagner said on Wednesday shares in telecommunications services provider Dycom Industries Inc (>> Dycom Industries, Inc.) could double or triple as strong cash flow, growth in fiber optics and consolidation in the communications industry create upside.
Speaking at the Sohn Conference in Tel Aviv, Wagner said AT&T's (>> AT&T Inc.) planned $85.4 billion acquisition of Time Warner would create "massive opportunity" for Dycom.
"As customers consolidate they are interested in dealing with suppliers where they have confidence they will make a call and get something done," he said.
Dycom Industries, Inc. is a provider of specialty contracting services. The Company supplies telecommunications providers with a portfolio of services, such as program management, planning, engineering and design, aerial, wireless construction, maintenance, and fulfillment services. It provides underground facility locating services for utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. It also supplies the expertise, labor, equipment, and tools necessary to provide services to its customers. It provides engineering services to telecommunications providers, such as planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumers' home or businesses. It provides construction and installation services, including the placement and splicing of fiber, copper, and coaxial cables.