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Fly News Breaks for November 13, 2019
CCOI
Nov 13, 2019 | 09:11 EDT
RBC Capital analyst Bora Lee raised his price target on Cogent to $65 after its Q3 earnings beat, stating that for the first time in six quarters, its on-net ARPU remained stable and revenue growth trends showed improvement. The analyst is keeping his Sector Perform rating on the stock on expectation that its NetCentric revenues continue to be pressured, but also expects the launches and the adoption of streaming services to benefit the company's traffic volumes.
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