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Cogent Communications Group, Inc. (CCOI) [hlAlert]

Rating:
Outperform
CCOI
down 15.42 %

Cogent Communications Group, Inc. (CCOI) rated Outperform with price target $42 by Pacific Crest

Posted on: Monday,  Nov 11, 2013  9:25 AM ET by Pacific Crest

Pacific Crest rated Outperform Cogent Communications Group, Inc. (NASDAQ: CCOI) on 11/11/2013. Previously Pacific Crest rated Outperform Cogent Communications Group, Inc. (NASDAQ: CCOI)
on 09/18/2013., when the stock price was $32.34. Since then, Cogent Communications Group, Inc. has lost 15.43% as of 01/27/2016's recent price of $27.35.
If you would have followed the previous Pacific Crest's recommendation on CCOI, you would have lost 15.42% of your investment in 861 days.

Cogent Communications Group, Inc. (Cogent) is a facilities-based provider of Internet access and Internet protocol (IP), communications services. Its network is specifically designed and optimized to transmit data using IP. It delivers its services to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations through approximately 17,800 customer connections in North America and Europe. The Company?s primary on-net service is Internet access at a speed of 100 Megabits per second. It offers this on-net service exclusively through its own facilities, which run all the way to its customers' premises. Its typical customers in multi-tenant office buildings are law firms, financial services firms, advertising and marketing firms and other professional services businesses.

Pacific Crest'S exclusive focus on technology allows to provide more in-depth coverage than other firms. • Pacific Crest has a senior research analyst for each of the 18 tech sectors covered and we cover over 230 tech stocks • Collaboration between analysts helps us provide a complete picture of emerging trends and the convergence and consolidation taking place in the tech industry • Pacific Crest is expanding international coverage includes companies in emerging markets that will play an important part in changing the tech landscape - Over 30% of our coverage list is international
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/11/2013 9:25 AM Buy
None
36.10 42.00
as of 12/13/2013
1 Week up  0.23 %
1 Month up  4.75 %
3 Months up  7.36 %
1 YTD up  7.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/18/2013 8:25 AM Buy
None
32.34 39.00

(*) Stock Price at the time of the recommendation.
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