CCOI

Cogent Communications Holdings Inc

TMT


Presented:07/10/2023
Price:$64.53
Cap:$3.12B
Current Price:$82.01
Cap:$4.02B

Presented

Date07/10/2023
Price$64.53
Market Cap$3.12B
Ent Value$4.15B
P/E Ratio301.82x
Book ValueN/A
Div Yield5.7%
Shares O/S48.31M
Ave Daily Vol271,460
Short Int6.15%

Current

Price$82.01
Market Cap$4.02B
Cogent Communications Holdings, Inc. engages in the provision of Internet access and Internet Protocol (IP) communications solutions. It offers Internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.

Publicly traded companies mentioned herein: Cogent Communications Holdings Inc (CCOI), T-Mobile (TMUS)

Highlights

The presenter is long shares of Cogent Communications Holdings Inc (CCOI), a $3 billion market cap company in the telecom industry. It is a leader in selling enterprise broadband connectivity and has a history of being the lowest-cost provider of fiber internet connectivity to corporate and net-centric customers. With the recent acquisition of Sprint’s wireline asset, Cogent is undertaking an asset transformation project that aims to turn a loss-making business into a profitable one and create new revenue streams that should create a multibagger opportunity in the stock over time.

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Idea Discussion

Commentor 1 - 2 weeks ago

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