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When a large-scale data center project breaks ground, it needs more than just servers. It requires a vast, hidden web of fiber optic cables and electrical systems to keep the power flowing. Dycom Industries (NYSE:DY), a Florida-based specialty contractor, is the crew that digs the trenches, runs the lines, and builds the physical backbone of that infrastructure.
The stock, trading at $295.93 a share as of market close on Sept. 10, has returned a little over 14% over the last year, even as the broader market deals with the typical volatility of the construction sector.
Strong revenue growth: The company reported 18% year-over-year revenue growth in fiscal 2026, fueled by its ability to capitalize on multi-year demand for fiber and data center infrastructure.
Scale-driven moat: Master service agreements account for 93% of annual revenue, creating high switching costs that lock in predictable, multi-year project workflows with major carriers.