Comcast’s narrowed broadband subscriber losses in the latest quarter offered some hope, but recent cautious commentary has dragged down cable stocks.

Comcast expects broadband subscriber losses to be a little over 100,000 in the fourth quarter, said Dave Watson, president and CEO of Comcast Cable at the UBS Global Media and Communications conference on Monday.

Key Takeaways A Comcast executive warned that the conglomerate expects to lose 100,000 broadband subscribers in the fourth quarter.Comcast also sees average revenue per user at the low end of its previous estimate.

Comcast investors are reacting after management said it expects the company's broadband subscribers to decline by over 100,000 in the current quarter.

Comcast's cable chief warned investors of a potential broadband subscriber loss of more than 100,000 in the fourth quarter.