Added to YB: 2026-09-29
Pitch date: 2026-09-24
CCOI [bullish]
Cogent Communications Holdings, Inc.
+9.29%
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
$7.64
Price Target
15.00 (+80%)
Dividend
1.04%
EV/EBITDA
11.94
P/E
-8.16
EV/Sales
3.21
Sector
Diversified Telecommunication Services
Category
turnaround
Cogent’s Dave Schaeffer Versus The Credit Market
CCOI: Cogent at $7.82 faces a refinancing crisis around ~$700 million of unsecured notes due June 2027, but estimated data-center sales, IPv4 securitization and discounted debt repurchases could cut the required refinancing to roughly $350 million. If debt is refinanced and 2028 EBITDA approaches $300 million with free-cash-flow breakeven, the shares could recover to $15-20; the major risk is a credit-market freeze before January.
Read full article (9 min)