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Fly News Breaks for June 11, 2018
CCOI
Jun 11, 2018 | 07:46 EDT
Oppenheimer analyst Timothy Horan raised his price target for Cogent to $57 from $51 as he believes the company benefits from better overall IP transit volumes from improved OTT and share gains. The analyst thinks Cogent will see volume growth above 40% this year and 50% next year, which could drive revenue growth above 10% and EBITDA margin expansion above 150 bps per year. Horan reiterates an Outperform rating on the shares.
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