DY stock forecast, quote, news & analysis
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States... Show more
Why Dycom Industries (DY) Stock Is Down -17.8% in the Last 30 Days
Key Takeaways
- Dycom Industries (DY) shares have declined roughly 17.8% over the last 30 days, falling from a close near $291.55 to a recent level around $239.73.
- The slide extends a deeper quarterly decline of about 43%, as investors continue to digest margin pressure and deferred wireless revenue disclosed with fiscal Q2 2027 results.
- A record backlog of $12.24 billion and raised full-year revenue guidance have not yet restored confidence in near-term profitability.
- Analyst price-target reductions and a reset in the stock's valuation multiple have reinforced the downward momentum.
Dycom Industries (DY) Company Overview and Market Position
Dycom Industries, Inc. is one of the largest specialty contracting services providers in the United States, focused on designing, building, and maintaining telecommunications and utility infrastructure. Its core work spans fiber-optic network deployment, wireless construction, underground facility locating, and other engineering and maintenance services for electric and gas utilities. The company operates through two reportable segments: Communications, which serves telecom and utility customers, and Building Systems, which provides electrical, energy management, security, and fire-safety solutions for data centers and other critical facilities.
Dycom's largest customers include major carriers such as AT&T (T), Verizon (VZ), and Lumen (LUMN), with additional revenue from cable and broadband providers. The company is a direct beneficiary of the long-running buildout of fiber-to-the-home networks, long-haul and middle-mile fiber corridors, and data-center infrastructure. Investors follow the stock closely because Dycom's backlog and revenue growth serve as a barometer for capital spending across the broader broadband and digital-infrastructure sector.
Dycom Industries (DY) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, Dycom shares have fallen approximately 17.8%, moving from a closing price of $291.55 in late September to a recent level near $239.73. The decline has been steady rather than event-driven, punctuated by a brief rebound in early October before renewed selling pressure took the stock to lower lows.
The quarterly picture is substantially weaker. From a closing price around $423.23 in mid-July, the stock has dropped roughly 43%, and it now trades far below its 52-week high of $566.47 reached in May. This extended drawdown reflects a sustained de-rating of a stock that had previously commanded a premium valuation after several years of exceptional growth.
What Drove DY Stock Price in the Last 30 Days
The last 30 days have largely been a continuation of the repricing that began with Dycom's fiscal second-quarter 2027 report. Although revenue of $2.01 billion and adjusted EPS of $5.29 both beat consensus estimates, investors focused on the details below the headline: a year-over-year contraction in the Communications segment's adjusted EBITDA margin and the deferral of roughly $150 million in wireless program revenue into fiscal 2028.
That guidance-related concern has continued to weigh on sentiment. Several analysts trimmed their price targets, including KeyBanc, which lowered its target to $423 from $610, and Cantor Fitzgerald, which cut its target to $476 from $654. The reset in valuation — the stock had traded well above its historical earnings multiple — compounded the selling pressure, as did broader sector rotation away from richly valued infrastructure contractors.
What Drove DY Stock Performance Over the Last Quarter
The quarterly decline reflects a shift in how the market is pricing Dycom's growth. The company has delivered record revenue, driven by a nearly 60% increase in fiber-to-the-home activity, strong long-haul and middle-mile fiber demand, and contributions from the Power Solutions acquisition and the Building Systems segment. Total backlog reached a record $12.24 billion, up 53% year over year, and management raised its full-year revenue outlook.
Yet investors have concentrated on the near-term costs of that expansion. Management has cited investments to scale operations, fuel-cost pressure, and the wireless revenue timing shift as factors compressing Communications margins. After a multi-year run that lifted the stock to an all-time high in May 2026, the market has reassessed the balance between rapid growth and profitability, producing the sharp pullback seen over the past three months.
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DY Stock Forecast Drivers: What Investors Should Watch Next
Dycom's next earnings report is expected in late November 2026, and the near-term focus will be on whether Communications margins stabilize and whether the deferred wireless revenue returns as management has indicated. Investors will also monitor backlog conversion, fiber-to-the-home and data-center demand trends, and the pace of integration for the Power Solutions and National Technology Integrators acquisitions.
Broader themes remain important as well, including federal broadband funding programs such as BEAD, hyperscaler and carrier capital-spending plans, fuel costs, and the availability of skilled labor. While the company's long-term demand story remains intact, the market will likely continue to weigh growth against profitability until margin trends show clearer direction.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
DY's RSI Oscillator dives into oversold zone
The RSI Indicator for DY moved into overbought territory on November 04, 2026. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a +4.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where DY advanced for three days, in 258 of 323 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
DY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on DY as a result. In 48 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 58%.
The Moving Average Convergence Divergence Histogram (MACD) for DY turned negative on November 04, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In 38 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 83%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 66%.
The Aroon Indicator for DY entered a downward trend on November 04, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 44 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.103) is normal, around the industry mean (15.296). P/E Ratio (19.146) is within average values for comparable stocks, (167.649). Projected Growth (PEG Ratio) (0.250) is also within normal values, averaging (3.522). Dividend Yield (0.000) settles around the average of (0.194) among similar stocks. P/S Ratio (1.252) is also within normal values, averaging (2.856).
The Tickeron SMR rating for this company is 48 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 71 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 82 (best 1 - 100 worst), indicating slightly worse than average price growth. DY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 84 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a provider of engineering, construction, maintenance and installation services to telecommunications providers
Industry EngineeringConstruction