Cogent Comms (CCOI) Gets a Buy Rating from Credit Suisse


In a report released today, Sami Badri from Credit Suisse maintained a Buy rating on Cogent Comms (CCOI), with a price target of $99.00. The company’s shares closed last Friday at $79.38.

According to TipRanks.com, Badri is a 3-star analyst with an average return of 1.0% and a 47.0% success rate. Badri covers the Technology sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and CommScope Holding.

Currently, the analyst consensus on Cogent Comms is a Hold with an average price target of $82.14.

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Based on Cogent Comms’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $140 million and net profit of $7.47 million. In comparison, last year the company earned revenue of $132 million and had a net profit of $7.1 million.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCOI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol communications services. It offers internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.

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