Cogent Communications (CCOI)

• Market cap: $2.67B
• 1 day: -0.60%
• 5 days: 4.52%
• 1 month: -11.35%
• 3 months: -27.39%
• 6 months: -33.39%
• Year to date: -29.50%
• 1 year: -15.32%
• 5 years: -35.17%
• 10 years: 55.33%
• Sector: Communication Services
• Industry: Telecom Services

About: Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.

Employees: 1,908

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

475% more call options, than puts

Call options by funds: $49.1M | Put options by funds: $8.54M

15% more funds holding in top 10

Funds holding in top 10: 13 [Q3] → 15 (+2) [Q4]

8% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 37

2% more capital invested

Capital invested by funds: $3.51B [Q3] → $3.58B (+$67.8M) [Q4]

0.4% more ownership

Funds ownership: 94.37% [Q3] → 94.78% (+0.4%) [Q4]

1% less funds holding

Funds holding: 312 [Q3] → 309 (-3) [Q4]

11% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 114