Added to YB: 2026-02-27
Pitch date: 2026-02-24
CCOI [neutral]
Cogent Communications Holdings, Inc.
-1.59%
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
$903.7M
Pitch Price
$18.85
Price Target
N/A
Dividend
0.42%
EV/EBITDA
14.26
P/E
-4.98
EV/Sales
3.82
Sector
Diversified Telecommunication Services
Category
turnaround
2025 Business Update - Cogent Communications $CCOI - Is Dave Schaeffer a savant CEO or a struggler?
CCOI (earnings): FY25 rev $975M (-6% YoY), EBITDA $292M (incl $100M T-Mobile transit). Sprint integration struggles: 88% off-net vs on-net conversion target, 0-5% EBITDA margins. Wavelength doubled to $38M. IPv4 leasing $64M (+44% YoY), securitized $370M vs $570-760M mkt value. DC sale delayed (buyer wanted 50% financing). Gross debt $2.4B incl $0.7B leases; mgmt cut dividend. Awaiting DC sale for $500-700M to delever.
Read full article (8 min)