when i was in uni (didn't have internet in halls :/ ) i made a 40 metre cat5e cable, tied me trainer to it, then launched it over the roof, and my mate pulled it into his window (we lived on opposite sides in the same building, so we had a bright blue cable going over the roof!
worked fine, and it had loads of little nicks in it, threw the cable away after because of all the holes in the outer casing (scratching against the roof etc)
worked perfectly for a year though, i wouldn't think twice about using it outside tbh, if you're concerned, then wrap it with black tape or something