Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

Cogent's Low-Cost Network Sets It Up to Thrive as Technology Allows Business Connections to Evolve

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 ...
Underlying
Cogent Communications Holdings Inc

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Dolgin

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