Porter Cable, formerly known as Cox Communications, is a cable company owned by Comcast.
The cable company has had a strong year thanks to its cable bundle, which bundles multiple providers and bundles the Internet, video, and telephone services.
The company has been valued at $8.6 billion.
Porters cable also bundles a number of phone companies.
But the cable bundle has been a major draw for investors, as it helps boost its value.
Comcast recently announced that it would buy Cablevision for $48.5 billion, and Time Warner Cable is looking to acquire rival Charter Communications for $70 billion.
The deal could help Porters value at a time when cable is being considered for divestiture by Comcast, a deal that is not expected to be approved by regulators.
Porter Cable is owned by the parent company of Comcast.
A merger with Charter could make the cable industry even more valuable, analysts said.
Charter is the largest cable provider in the United States and is expected to merge with rival Comcast.
Charter has said it would sell off parts of its assets in the coming months, including cable services and the majority of its cable infrastructure.
Porter cable has seen some value gains.
Comcast is also seeking to acquire Time Warner and Charter.
The combined company could bring more competition to the cable business, but it could also be a headache for investors looking to invest in a company that is currently a relatively small player.