Added to YB: 2026-01-27
Pitch date: 2026-01-24
CCOI [neutral]
Cogent Communications Holdings, Inc.
-65.49%
current return
Author Info
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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
$368.6M
Pitch Price
$24.19
Price Target
47.00 (+463%)
Dividend
1.04%
EV/EBITDA
11.94
P/E
-8.16
EV/Sales
3.21
Sector
Diversified Telecommunication Services
Category
turnaround
AI Play or Failing Fiber? - Cogent Communications Holdings, Inc.
CCOI (update): Acquired Sprint fiber network for $1 - 20k miles valued at $1B, 38M IPv4 addresses ($450M), 24 data centers for sale. Wavelength segment targeting 25% of $4B North America market ($500M revenue potential) vs $10M current. 95% incremental margins once fiber lit. $2.2B debt concerns but $600M-$1B from data center sales + $200M dividend cut helps delever. Base case $47 target (34% IRR).
Read full article (7 min)