Professional
Added to YB: 2024-04-18
Pitch date: 2024-03-31
CCOI [bullish]
Cogent Communications Holdings, Inc.
-55.56%
current return
Author Info
No bio for this author
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
$59.21
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
Alphyn Capital Management Portfolio Holding: Cogent Communications Holdings, Inc.
CCOI acquired T-Mobile's wireline biz for $1, aiming to turn $300M EBITDA loss to $90M profit via synergies. Access to 800 CNDCs enables high-capacity wavelength services for hyperscalers & large corps. 600-customer order backlog, but fulfillment delayed by equipment replacement & fiber connections in CNDCs - 10K active workstreams. Near-term earnings miss, but long-term upside from integration & new market entry.
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