Canaccord Genuity Starts Cogent Communications (CCOI) at Buy; Despite Few Bumps, Expect Double-Digit Growth; Possible Takeover Added to Mix
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Price: $11.31 +9.28%
Rating Summary:
10 Buy, 16 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 16 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity initiates coverage on Cogent Communications (NASDAQ: CCOI) with a Buy. PT $22.00.
Analyst, Greg Miller, said, "With a high operating leverage business model highlighted by double digit top-line growth, expanding margins and growing FCF, we continue to recommend the shares of Cogent Communications. Despite the shut-down of file sharing services that include its largest customer, its volume and revenue growth has remained exceptionally strong."
Miller also sees CCOI as a potential takeover target, citing strong build out over last decade with large asset base.
For an analyst ratings summary and ratings history on Cogent Communications click here. For more ratings news on Cogent Communications click here.
Shares of Cogent Communications closed at $19.98 yesterday.
Analyst, Greg Miller, said, "With a high operating leverage business model highlighted by double digit top-line growth, expanding margins and growing FCF, we continue to recommend the shares of Cogent Communications. Despite the shut-down of file sharing services that include its largest customer, its volume and revenue growth has remained exceptionally strong."
Miller also sees CCOI as a potential takeover target, citing strong build out over last decade with large asset base.
For an analyst ratings summary and ratings history on Cogent Communications click here. For more ratings news on Cogent Communications click here.
Shares of Cogent Communications closed at $19.98 yesterday.
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