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CCOI vs. ETF Alternatives
Friday, Mar 212:49 PM
Friday, Mar 212:49 PM| 16 Comments
- Direct peering deals such as the one Netflix (NFLX -3.7%) struck with Comcast are a "toll to the powerful ISPs to protect our consumer experience," says Reed Hastings in a much-discussed blog post calling for tougher net neutrality rules to "protect an open, competitive Internet."
- Though analysts have argued the Netflix/Comcast deal could actually lower Netflix's bandwidth costs, Hastings declares action is needed to keep cable/phone duopolies from having undue leverage against Web service providers.
- He dismisses ISP complaints about Netflix's huge downstream volumes by arguing Netflix doesn't get a cut of the high-margin broadband revenue ISPs generate, and by noting ISPs don't pay fees for services (e.g. online backup) that generate heavier upstream volumes.
- Level 3 (LVLT -0.6%) and Cogent (CCOI -0.6%), each of whom get charged by ISPs for acting as intermediaries for the likes of Netflix (assuming no direct peering), also call peering a neutrality issue. Today, Cogent offered to pay for capacity upgrades at ISP peering points in lieu of service payments, while arguing ISPs should ultimately be regulated as common carriers.
- Dan Rayburn isn't sold on Hastings' arguments. "Netflix likes to make it sound like there is only one way to deliver videos on the Internet when in fact, there are multiple ways ... the company that should be blamed will be different depending on the business situation."
Friday, Feb 282:21 PM
Friday, Feb 282:21 PM| Comment!
- D.A. Davidson has upgraded Cogent (CCOI +3.3%) to Buy.
- Shares are recouping some of the losses they saw earlier this week in response to Netflix's peering deal with Comcast, which (along with other peering deals being discussed) stands to lower the amount of traffic Netflix hands off to Cogent's network.
Monday, Feb 246:41 PM
Monday, Feb 246:41 PM| 5 Comments
- Verizon (VZ) and AT&T (T) have confirmed that they, too, are talking with Netflix (NFLX +3.4%) about direct peering deals. Verizon CEO Lowell McAdam says his company's talks with the streaming giant have been going on for about a year.
- Netflix shares closed the day with strong gains, as analysts argued direct peering deals such as the one just reached with Comcast could end up having a neutral or even positive impact on Netflix's bandwidth costs, given the company will no longer have to pay intermediaries such as Cogent (CCOI -6.8%).
- Dan Rayburn: "It should actually be cheaper for Netflix to buy direct from Comcast, and they also get an SLA, which also improves quality ... While I don’t know the price Comcast is charging Netflix, I can guarantee you it’s at the fair market price for transit."
- Others aren't convinced direct peering deals are a positive. The Washington Post: "Cogent has many competitors. Verizon's FiOS service does not. If companies like Cogent are squeezed out of business, it will make these already powerful network owners even more powerful."
- GigaOm: "These agreements aren’t transparent ... rates could go up over time, and they essentially act as a tax on the Internet."
Thursday, Feb 207:11 AM
Friday, Nov 82013, 7:03 AM|Friday, Nov 82013, 7:03 AM| Comment!
Tuesday, Oct 152013, 9:29 AM
Tuesday, Oct 152013, 9:29 AM| Comment!
- Teradata (TDC) has been cut to Neutral by Credit Suisse and Sterne Agee, and to Equal Weight by Morgan Stanley, following its Q3/2013 warning. Shares -14.9% premarket.
- Dassault (DASTY.PK) has been cut to Underweight by HSBC a day after the company reported weaker-than-expected preliminary Q3 results and cut its full-year guidance. Shares -3.2% in Paris.
- FireEye (FEYE) has received three bullish coverage launches and four neutral ones on underwriter coverage day. Shares +0.6%.
- Texas Instruments (TXN) has been upgraded to Neutral by Susquehanna. Shares +0.5%.
- Cogent (CCOI) has been upgraded to Buy by Citi.
- Veeco (VECO) has been cut to Market Perform by Oppenheimer.
- Marvell (MRVL) has been started at Outperform by Raymond James.
Wednesday, Sep 182013, 9:40 AM
Wednesday, Sep 182013, 9:40 AM| Comment!
- Nokia (NOK +3.3%) has been upgraded to Outperform by Credit Suisse after being upgraded by the firm to Neutral two weeks ago. Plenty of other firms have also upgraded (I, II) Nokia since the Microsoft deal was announced.
- ServiceNow (NOW +3.5%) has been upgraded to Overweight by Morgan Stanley.
- Maxwell (MXWL +8.6%) has been upgraded to Overweight by Piper.
- Intuit (INTU -1.5%) has been cut to Underweight by Morgan Stanley.
- AVG (AVG +3.1%) has been started at Buy by Nomura.
- Cogent (CCOI +0.6%) has been started at Outperform by Pac Crest.
- Cognizant (CTSH +2.7%) has been upgraded to Overweight by Barclays.
Thursday, Aug 82013, 10:12 AM|Thursday, Aug 82013, 10:12 AM| Comment!
Thursday, Aug 82013, 7:14 AM|Thursday, Aug 82013, 7:14 AM| Comment!
Wednesday, Jun 192013, 2:31 PMVerizon (VZ) broadband subs are complaining about receiving low-quality Netflix (NFLX) streams, and the culprit appears to be Verizon's unwillingness to upgrade its network to handle more Netflix traffic from fellow carrier and Netflix bandwidth supplier Cogent (CCOI). The dispute drives home the thorny relationships Netflix, which now makes up ~1/3 of U.S. Web traffic during peak hours, has with many ISPs, in spite of its efforts to relieve congestion via its Open Connect CDN (some ISPs are on board, some aren't). In Verizon's case, the carrier's efforts to compete with Netflix via its Redbox Instant JV could also be a factor. |Wednesday, Jun 192013, 2:31 PM| 3 Comments
Tuesday, May 72013, 9:07 AM
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