LightShed Partners downgraded Cogent to Sell from Neutral. The firm does not expect Cogent to generate enough free cash flow to fund its dividend, “let alone its growth” and expects this to require the company to perpetually increase its debt at prevailing interest rates. The firm also expects Cogent’s EBITDA in 2028 to be lower than 2024, the analyst tells investors.
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- Cogent Communications Reports Fourth Quarter and Full Year 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock
- CCOI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Cogent management to meet with KeyBanc
- Cogent management to meet with Oppenheimer
- Cogent price target raised to $85 from $80 at KeyBanc
