Cogent Communications Group Inc., (NASDAQ:CCOI) is a multinational Tier 1 Internet Service Provider and over the years, has been ranked among the top five global networks. The company, with a market cap of $1.38 billion, is currently trading at $29.32. I believe this company's stock is currently undervalued and poised to generate meaningful long-term returns for investors who hold onto their shares.
A look at the company
Cogent Communications Group Inc. was incorporated in 1999 with its headquarters in Washington, D.C. Over the years, the company has come to be known as one of the largest Internet Service Providers in the world. It offers high quality Internet, Ethernet and Colocation services to more than 35,900 customers.
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