Cogent Communications Holdings Inc
CCOI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$36.00 | Kqghhn | Bvxhdwhwrq |
Fears That the Pandemic Permanently Impaired Cogent’s Business Are Overblown; Stock Is Attractive
Cogent’s stock recently entered 4-star territory relative to our $65 fair value estimate. We suspect continuing weakness in corporate connections and the outlook for Cogent on the other side of the pandemic has made investors nervous, but we think the market is overly pessimistic.