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Dycom Industries Inc.

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Dycom reported strong second-quarter fiscal 2017 results, aided by striking top-line growth and favorable industry trends. The bottom line beat the Zacks Consensus Estimate by 18.8% and surged a whopping 51.9% year-over-year. Rise in demand for network bandwidth, expanded core market share and surge in wireless carriers services were positives for the company. Robust 1-gigabit deployments, accelerating fiber deep cable capacity projects and the ongoing CAF II project remain strong growth drivers for the company. Moreover, Dycom’s solid track record of contract wins and strong customer relationships add to its strength. Also, over the past one year, Dycom's shares have outperformed the Zacks categorized Building – Heavy Construction industry average. However, uncertainties in the macroeconomic environment, especially fluctuations in oil prices and unfavorable weather conditions, remain headwinds for the company. 


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