Cogent Communications Holdings

Cogent Communications Holdings is a facilities-based provider of Internet access, private network services, and data center colocation space. The company's network is designed and optimized to transmit packet switched data. The company provides on-net Internet access services through its own facilities, which run from its network to its customers' premises. The company's on-net service consists of Internet access and private network services offered at speeds ranging from 100 Megabits per second to 100 Gigabits per second. In addition to providing its on-net services, the company provides Internet access and private network services to customers that are not located in buildings directly connected to its network.
  • TickerCCOI
  • ISINUS19239V3024
  • ExchangeNASDAQ Stock Market
  • SectorSoftware & Computer Services
  • CountryUnited States
CCOI Cogent Communic... (Technology)

Moody's assigns Ba3 to Cogent's senior secured notes

Rating Action: Moody's assigns Ba3 to Cogent's senior secured notes. Global Credit Research- 29 Apr 2021. New York, April 29, 2021-- Moody's Investors Service has assigned a Ba3 rating to Cogent Communications Group, Inc.' s proposed $500 million senior secured notes due 2026. The net proceeds from this offering, together with cash on hand, will be used to finance the redemption in full of the company's outstanding 5.375% senior secured notes due 2022, with any remaining net proceeds...

CCOI Cogent Communic... (Technology)

Increased risk weighs on COGENT COMM, penalising its rating down to S...

The independent financial analyst theScreener just lowered the general evaluation of COGENT COMM (US), active in the Integrated Telecommunications industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date April 20, 2021, the closing price was USD 68.33 and its target price was estimated at USD 53.65.

CCOI Cogent Communic... (Technology)

Cogent Communications Group, Inc.: Update to credit analysis

Our credit view of Cogent Communications Group reflecting corporate segment revenue growth slowdown during Covid-19 & likely growth rebound in its highly competitive operating environment.

CCOI Cogent Communic... (Technology)

Moody's announces completion of a periodic review of ratings of Cogent...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cogent Communications Group, Inc.. Global Credit Research- 14 Oct 2020. New York, October 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Cogent Communications Group, Inc. and other ratings that are associated with the same analytical unit.

CCOI Cogent Communic... (Technology)

Cogent Communications Group, Inc. - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

 PRESS RELEASE
CCOI Cogent Communic... (Technology)

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Co...

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces it has commenced an investigation of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) concerning possible breaches of fiduciary duty. To obtain additional information, go to: http://zlk.9nl.com/cogent-communications-ccoi or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. Levi & Korsinsky is a national firm with offices in New Yo...

 PRESS RELEASE
CCOI Cogent Communic... (Technology)

INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Conce...

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces it has commenced an investigation of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) concerning possible breaches of fiduciary duty. To obtain additional information, go to: http://zlk.9nl.com/cogent-communications-ccoi or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. Levi & Korsinsky is a national firm with offices in New Yo...

Matthew Dolgin
  • Matthew Dolgin
CCOI Cogent Communic... (Technology)

Morningstar | Cogent's Low-Cost Network Sets It Up to Thrive as Techno...

Cogent provides Internet and private network connections for enterprises, and it carries Internet traffic for Internet service providers, content-producing companies, and other websites. Both businesses face challenges as technological advancements allow those functions to be performed at lower cost. However, in that challenging environment, we think Cogent's strategy leaves it positioned to succeed.Cogent's advantages arise from its leased, low cost, Internet-specific network and the opportunistic buying it did to form its network. Rather than building a network itself by putting fiber into t...

Matthew Dolgin
  • Matthew Dolgin
CCOI Cogent Communic... (Technology)

Cogent's Low-Cost Network Sets It Up to Thrive as Technology Allows Bu...

Cogent forged ahead with its clearly articulated vision in the first quarter, so although it fell a bit short of consensus revenue and EBITDA estimates, it is still tracking our full-year forecast. More importantly, we saw nothing to change our belief that the firm has a narrow moat and is well positioned to benefit from increased Internet traffic growth and a greater need for corporate connections as companies' connection needs become more dispersed. We don't expect any changes to our $53 fair ...

Matthew Dolgin
  • Matthew Dolgin
CCOI Cogent Communic... (Technology)

Morningstar | Cogent's Decent 1Q Keeps Our Long-Term View Intact, So W...

Cogent forged ahead with its clearly articulated vision in the first quarter, so although it fell a bit short of consensus revenue and EBITDA estimates, it is still tracking our full-year forecast. More importantly, we saw nothing to change our belief that the firm has a narrow moat and is well positioned to benefit from increased Internet traffic growth and a greater need for corporate connections as companies' connection needs become more dispersed. We don't expect any changes to our $53 fair value estimate, leaving the shares looking fairly valued. Revenue grew 5% year over year, tracking ...

Matthew Dolgin
  • Matthew Dolgin
CCOI Cogent Communic... (Technology)

Cogent's Decent 1Q Keeps Our Long-Term View Intact, So We Don't Plan t...

Cogent forged ahead with its clearly articulated vision in the first quarter, so although it fell a bit short of consensus revenue and EBITDA estimates, it is still tracking our full-year forecast. More importantly, we saw nothing to change our belief that the firm has a narrow moat and is well positioned to benefit from increased Internet traffic growth and a greater need for corporate connections as companies' connection needs become more dispersed. We don't expect any changes to our $53 fair ...

Matthew Dolgin
  • Matthew Dolgin
CCOI Cogent Communic... (Technology)

Morningstar | Cogent's Network and Lack of Legacy Products Make It Att...

We are launching coverage on Cogent with a narrow moat rating, stable trend, and $53 fair value estimate, which implies an EV/adjusted EBITDA multiple of 15 based on our 2019 forecast. In addition, our exemplary stewardship rating is based on what we see as very responsible us of capital throughout the firm's existence and shrewd network investment decisions. Our enthusiasm is tempered by challenging evolution in Cogent's industries, but we believe the firm is better positioned to succeed than most competitors. Cogent provides Internet and private network connections for enterprises, and it c...

CCOI Cogent Communic... (Technology)

Moody's assigns Ba3 to Cogent's senior secured notes

Rating Action: Moody's assigns Ba3 to Cogent's senior secured notes. Global Credit Research- 29 Apr 2021. New York, April 29, 2021-- Moody's Investors Service has assigned a Ba3 rating to Cogent Communications Group, Inc.' s proposed $500 million senior secured notes due 2026. The net proceeds from this offering, together with cash on hand, will be used to finance the redemption in full of the company's outstanding 5.375% senior secured notes due 2022, with any remaining net proceeds...

CCOI Cogent Communic... (Technology)

Cogent Communications Group, Inc.: Update to credit analysis

Our credit view of Cogent Communications Group reflecting corporate segment revenue growth slowdown during Covid-19 & likely growth rebound in its highly competitive operating environment.

CCOI Cogent Communic... (Technology)

Moody's announces completion of a periodic review of ratings of Cogent...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cogent Communications Group, Inc.. Global Credit Research- 14 Oct 2020. New York, October 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Cogent Communications Group, Inc. and other ratings that are associated with the same analytical unit.

CCOI Cogent Communic... (Technology)

Cogent Communications Group, Inc. - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CCOI Cogent Communic... (Technology)

Moody's says Cogent's B3 senior unsecured rating not impacted by add-o...

Announcement: Moody's says Cogent's B3 senior unsecured rating not impacted by add-on notes. Global Credit Research- 19 May 2020. New York, May 19, 2020-- Moody's Investors Service says Cogent Communications Group, Inc.' s proposed E215 million add-on senior unsecured notes due 2024 do not impact the existing B3 senior unsecured rating.

CCOI Cogent Communic... (Technology)

Increased risk weighs on COGENT COMM, penalising its rating down to S...

The independent financial analyst theScreener just lowered the general evaluation of COGENT COMM (US), active in the Integrated Telecommunications industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date April 20, 2021, the closing price was USD 68.33 and its target price was estimated at USD 53.65.

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