🔴 Dycom Industries is trading 4% down today after weaker-than-expected third-quarter guidance

Dycom Industries is trading at $295.63 (-4.02%) after investors focused on weaker-than-expected third-quarter earnings guidance.

• The decline extends its multi-session decline despite a strong quarterly beat.
• The communications segment’s adjusted EBITDA margin narrowed to 13.6% from 14.9%, while management cited deferred wireless projects and fuel-cost pressure.
• Analysts including KeyBanc and Cantor Fitzgerald subsequently reduced price targets, reinforcing selling pressure.