Dycom Industries: A Data Center Growth Story Hiding In Plain Sight

What happened: Dycom Industries, Inc. ($DY) has been selling off even though management raised full-year revenue guidance again and beat adjusted EBITDA guidance for a third consecutive quarter. Why it matters: The author believes the market is heavily focused elsewhere, framing the data center growth story as overlooked despite the guidance raise and EBITDA beat.

Dycom Industries, Inc. ($DY) has been selling off even though management raised full-year revenue guidance again and beat adjusted EBITDA guidance for a third consecutive quarter.

The author believes the market is heavily focused elsewhere, framing the data center growth story as overlooked despite the guidance raise and EBITDA beat.