Added to YB: 2025-11-17
Pitch date: 2025-11-13
CCOI [bullish]
Cogent Communications Holdings, Inc.
+63.21%
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
$1.3B
Pitch Price
$16.12
Price Target
N/A
Dividend
0.30%
EV/EBITDA
16.31
P/E
-6.51
EV/Sales
4.16
Sector
Diversified Telecommunication Services
Category
turnaround
The Cogent Communications Catastrophe: Catch a Falling Knife? $CCOI
CCOI (update): Bought T-Mobile fiber for $1 (cost $20B to build), cutting dividend to preserve cash while selling 24 redundant data centers for $500-700M to retire debt. Revenue declining due to firing losing contracts but core biz growing 6-8%. Target: $1B+ revenue, $300-350M EBITDA, sub-4x debt ratio by 2025.
Read full article (5 min)