Professional
Added to YB: 2025-02-20
Pitch date: 2025-01-16
CCOI [bullish]
Cogent Communications Holdings, Inc.
-28.45%
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
$2.5B
Pitch Price
$71.98
Price Target
N/A
Dividend
7.52%
Sector
Diversified Telecommunication Services
Category
growth
Recurve Capital Portfolio Holding: Cogent Communications Holdings, Inc.
CCOI: 25yr B2B connectivity disruptor, 25%+ global internet traffic share, 20% tenant share. Entering Wavelengths market w/ unique network: faster install, 90% unique routes, aggressive pricing. FCF $10/sh est. late 2020s, trading at 4-5x adj. for divs. Non-core asset sales could exceed 50% of mkt cap. Favorable risk/reward.
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