Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Oppenheimer Ups Cogent to Buy from Neutral

Oppenheimer upgraded its investment opinion on Cogent (COGT) to buy from neutral, citing the company's recently announced third quarter results.

Analyst Joshua Zaret said the results were strong, highlighted by adjusted earnings per share of 22 cents, which was above the 17 cents consensus forecast. He says the earnings per share outperformance was mainly due to higher margins (due to the product mix) and a lower tax rate. Given the stock's recent price retrenchment and improving fundamental outlook, he sees Cogent as an attractive investment opportunity. He thinks the company is one of best positioned in the Homeland Security area by virtue of its focus on high growth, high margin, and high dollar value biometrics markets. He raised his 66 cents 2005 earnings per share estimate to 72 cents and his 82 cents 2006 estimate to 90 cents. He also set a $30 stock price target.

blog comments powered by Disqus