CCOI - Cogent Communications: Enjoy Attractive Dividend Yield While The Business Grows Steadily
2024-07-04 08:21:52 ET
Summary
- Cogent Communications is recommended as a buy due to the positive demand outlook and strong secular tailwinds.
- CCOI provides internet access to corporates, data centers, and enterprises, with potential growth from IPv4 addresses.
- CCOI offers an attractive dividend yield of ~7% and a potential total return upside of 37% in the base case.