Professional
Added to YB: 2025-08-21
Pitch date: 2025-08-19
CCOI [bullish]
Cogent Communications Holdings, Inc.
-47.48%
current return
Author Info
Company Info
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, South America, Europe, Oceania, and Africa.
Market Cap
$1.1B
Pitch Price
$36.59
Price Target
N/A
Dividend
0.35%
EV/EBITDA
15.08
P/E
-6.07
EV/Sales
4.04
Sector
Diversified Telecommunication Services
Category
turnaround
Cogent - Hot Topics
CCOI (update): Wavelength biz growth behind schedule but promising, offering faster installation times (30 days vs industry 90+). 2k-2.5k contracted orders, 2k-2.5k in pipeline. Capital allocation concerns - 11% dividend yield unsustainable at 4.5x+ leverage. Recommendation: cut dividend to $0.25, sell IPv4 assets ($250M potential), buyback shares.
Read full article (8 min)