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Cogent upgraded to Buy from Hold at SunTrust » 08:20
07/01/20
07/01
08:20
07/01/20
08:20
CCOI

Cogent

$77.37 /

-0.87 (-1.11%)

SunTrust analyst Greg…

SunTrust analyst Greg Miller upgraded Cogent to Buy from Hold with a price target of $90, up from $75. The company can outperform expectations for Q2 and the second half of the year through a combination of higher rep count, lower rep churn, increased productivity, and improving ARPU amid remote office promotions and accelerating net centric growth, the analyst tells investors in a research note. Miller adds that the outperformance should result in greater confidence for dividend growth, which has become the primary valuation driver for Cogent.

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CCOI Cogent
$77.37 /

-0.87 (-1.11%)

CCOI Cogent
$77.37 /

-0.87 (-1.11%)

07/01/20 SunTrust
Cogent upgraded to Buy from Hold at SunTrust
06/26/20 MoffettNathanson
Cogent price target raised to $64 from $56 at MoffettNathanson
06/16/20 Citi
Cogent upgraded to Buy from Neutral at Citi
05/07/20 LightShed Partners
Cogent downgraded to Neutral from Buy at LightShed Partners
CCOI Cogent
$77.37 /

-0.87 (-1.11%)

Upgrade
Cogent upgraded to Buy from Hold at SunTrust » 06:12
07/01/20
07/01
06:12
07/01/20
06:12
CCOI

Cogent

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SunTrust analyst Greg…

SunTrust analyst Greg Miller upgraded Cogent to Buy from Hold with a $90 price target.

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CCOI Cogent
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CCOI Cogent
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06/26/20 MoffettNathanson
Cogent price target raised to $64 from $56 at MoffettNathanson
06/16/20 Citi
Cogent upgraded to Buy from Neutral at Citi
05/07/20 LightShed Partners
Cogent downgraded to Neutral from Buy at LightShed Partners
04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
CCOI Cogent
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Recommendations
Cogent price target raised to $64 from $56 at MoffettNathanson » 06:41
06/26/20
06/26
06:41
06/26/20
06:41
CCOI

Cogent

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MoffettNathanson analyst…

MoffettNathanson analyst Nick Del Deo raised the firm's price target on Cogent to $64 from $56 and keeps a Sell rating on the shares. Corporate customers will likely "hasten their adoption" of cloud-based services to a degree and retain an enhanced level of capacity to support work from home requirements, Del Deo tells investors in a research note. Further, the decline in interest rates has lowered Cogent's cost of capital, which benefits its "warranted valuation multiple," adds the analyst. Del Deo, however, believes Cogent's valuation "remains extended."

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CCOI Cogent
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CCOI Cogent
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06/16/20 Citi
Cogent upgraded to Buy from Neutral at Citi
05/07/20 LightShed Partners
Cogent downgraded to Neutral from Buy at LightShed Partners
04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
CCOI Cogent
/

+

Upgrade
Cogent upgraded to Buy from Neutral at Citi » 06:37
06/16/20
06/16
06:37
06/16/20
06:37
CCOI

Cogent

$75.89 /

+1.25 (+1.67%)

Citi analyst Michael…

Citi analyst Michael Rollins upgraded Cogent Communications to Buy from Neutral with a price target of $85, up from $80. The estimated dividend yield for Cogent is in the lower half of its historical 3%-5% range, but the spread over treasuries has widened to 284 basis points versus the longer-term average of 181 basis points, Rollins tells investors in a research note. The analyst sees two potential catalysts for the spread to narrow and Cogent shares to trade higher. First, its revenue growth should improve and exceed consensus, and second, the company will accelerate dividend growth, says the analyst. Rollins also added Cogent to Citi's "Catalyst Watch list" for the next 90 days, believing that upcoming Q2 in August could show better revenue performance and set expectations for the Q3 dividend.

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CCOI Cogent
$75.89 /

+1.25 (+1.67%)

CCOI Cogent
$75.89 /

+1.25 (+1.67%)

05/07/20 LightShed Partners
Cogent downgraded to Neutral from Buy at LightShed Partners
04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
CCOI Cogent
$75.89 /

+1.25 (+1.67%)

Over a month ago
Hot Stocks
Cogent appoints Sean Wallace as CFO » 13:32
05/11/20
05/11
13:32
05/11/20
13:32
CCOI

Cogent

$76.87 /

-2.41 (-3.04%)

Cogent Communications…

Cogent Communications announced that Sean Wallace has been appointed VP, CFO and Treasurer of Cogent, effective immediately. Also on May 11, 2020, Thaddeus Weed, stepped down from his role of CFO, effective immediately. To facilitate an orderly transition, Weed will remain with Cogent as SVP, Audit & Operations. In addition, Jean-Michel Slagmuylder, who had been serving as Acting CFO and Treasurer of Cogent since March 17, 2020 during Weed's temporary medical leave of absence, stepped down from that role on May 11, 2020 and will return to his position of CFO for European Operations, effective immediately. Prior to joining Cogent, Mr. Wallace was an investor and operator of residential and industrial real estate projects from 2015.

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CCOI Cogent
$76.87 /

-2.41 (-3.04%)

05/07/20 LightShed Partners
Cogent downgraded to Neutral from Buy at LightShed Partners
04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
Downgrade
Cogent downgraded to Neutral from Buy at LightShed Partners » 09:40
05/07/20
05/07
09:40
05/07/20
09:40
CCOI

Cogent

$85.74 /

+0.82 (+0.97%)

LightShed Partners…

LightShed Partners downgraded Cogent to Neutral from Buy.

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CCOI Cogent
$85.74 /

+0.82 (+0.97%)

04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
02/28/20 Credit Suisse
Cogent price target raised to $86 from $75 at Credit Suisse
Hot Stocks
Cogent raises quarterly dividend 3% to 68c » 07:55
05/07/20
05/07
07:55
05/07/20
07:55
CCOI

Cogent

$85.74 /

+0.82 (+0.97%)

Cogent approved a regular…

Cogent approved a regular quarterly dividend of 68c per common share payable on June 5 to shareholders of record on May 22. This Q2 regular dividend represents a 3.0% increase of 2c per share from the Q1 regular dividend of 66c.

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CCOI Cogent
$85.74 /

+0.82 (+0.97%)

04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
02/28/20 Credit Suisse
Cogent price target raised to $86 from $75 at Credit Suisse
Earnings
Cogent reports Q1 EPS 20c, consensus 22c » 07:54
05/07/20
05/07
07:54
05/07/20
07:54
CCOI

Cogent

$85.74 /

+0.82 (+0.97%)

Reports Q1 revenue…

Reports Q1 revenue $140.9M, consensus $141.79M. Total customer connections increased by 5.7% from March 31, 2019 to 87,213 as of March 31, 2020 and increased by 0.8% from December 31, 2019.

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CCOI Cogent
$85.74 /

+0.82 (+0.97%)

04/17/20 Goldman Sachs
Cogent downgraded to Neutral from Buy at Goldman Sachs
04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
02/28/20 Credit Suisse
Cogent price target raised to $86 from $75 at Credit Suisse
Downgrade
Cogent downgraded to Neutral from Buy at Goldman Sachs » 05:25
04/17/20
04/17
05:25
04/17/20
05:25
CCOI

Cogent

$90.40 /

+3.87 (+4.47%)

Goldman Sachs analyst…

Goldman Sachs analyst Brett Feldman downgraded Cogent Communications to Neutral from Buy with an unchanged price target of $95. The analyst cites valuation for the downgrade. Following the stock's recent outperformance versus the S&P 500, its valuation is "near-full," Feldman tells investors in a research note. Further, there is heightened levels of economic uncertainty around small and medium-sized businesses, which drive 70% of Cogent's revenues, adds the analyst.

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CCOI Cogent
$90.40 /

+3.87 (+4.47%)

04/14/20 Credit Suisse
Cogent price target raised to $99 from $86 at Credit Suisse
02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
02/28/20 Credit Suisse
Cogent price target raised to $86 from $75 at Credit Suisse
02/06/20 Goldman Sachs
Cogent upgraded to Buy from Neutral at Goldman Sachs
Recommendations
Cogent price target raised to $99 from $86 at Credit Suisse » 07:07
04/14/20
04/14
07:07
04/14/20
07:07
CCOI

Cogent

$84.71 /

-0.18 (-0.21%)

, DIS

Disney

$103.55 /

-0.9 (-0.86%)

Credit Suisse analyst…

Credit Suisse analyst Sami Badri raised the firm's price target on Cogent (CCOI) to $99 from $86 and keeps an Outperform rating on the shares. Following a deeper review into the company's business in Q1 and the 2020 business outlook, including OTT/Disney+ (DIS), COVID-19, and Corporate customer tailwinds, the analyst also increased 2020 and 2021 estimates. Additionally, he is increasing his quarterly dividend estimates to reflect increases of 3c per share per quarter in Q1 2021 to reflect Cogent's guidance around maintaining net leverage between 2.5-3.5-times net debt to EBITDA.

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CCOI Cogent
$84.71 /

-0.18 (-0.21%)

02/28/20 SunTrust
Cogent price target raised to $75 from $52 at SunTrust
02/28/20 Credit Suisse
Cogent price target raised to $86 from $75 at Credit Suisse
02/06/20 Goldman Sachs
Cogent upgraded to Buy from Neutral at Goldman Sachs
01/30/20 MoffettNathanson
Cogent downgraded to Sell from Neutral at MoffettNathanson
DIS Disney
$103.55 /

-0.9 (-0.86%)

04/13/20 Cowen
Glu Mobile weakness a buying opportunity, says Cowen
04/09/20 Rosenblatt
Disney+ could reach almost 70M subscribers by end of June, says Rosenblatt
04/09/20 JPMorgan
Disney remains top idea at JPMorgan after 'surprise' announcement
04/09/20 Credit Suisse
Disney+ 50M paid subscribers a clear positive for streaming, says Credit Suisse

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