Cogent CommunicationsCCOI
About: Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.
Employees: 1,908
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more call options, than puts
Call options by funds: $115M | Put options by funds: $73.3M
44% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 13 (+4) [Q3]
34% more capital invested
Capital invested by funds: $2.64B [Q2] → $3.54B (+$895M) [Q3]
7% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 45
1% more funds holding
Funds holding: 307 [Q2] → 310 (+3) [Q3]
0.47% less ownership
Funds ownership: 95.55% [Q2] → 95.08% (-0.47%) [Q3]
15% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 115
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
UBS Christopher Schoell 60% 1-year accuracy 3 / 5 met price target | 32%upside $102 | Buy Initiated | 14 Nov 2024 |
Goldman Sachs James Schneider 58% 1-year accuracy 21 / 36 met price target | 8%downside $71 | Neutral Maintained | 4 Oct 2024 |
Financial journalist opinion
