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if the insualtion/shielding around the cable is unbroken, it would be waterproof, provided the ends are indoors or somehow protected. The problem lies in the strength of the insulation, and it's resistance to moisture, age, earth shifting, tree roots, animals, what have you. I would put it in hard pvc or aluminum/steel conduit to be safe. The cable the cable company buried would've been coax, or fiber optic, and it's probably alot heavier and has thicker/better insualtion for use underground.
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...wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat...
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