Relatively Low Forward Earnings Yield Detected in Shares of Cogent Communications in the Alternative Carriers Industry (CCOI, EGHT, LVLT, VG, PGI)
Below are the three companies in the Alternative Carriers industry with the lowest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Cogent Communications ranks lowest with a forward earnings yield of 0.4%. 8X8 INC is next with a forward earnings yield of 1.3%. Level 3 Communications ranks third lowest with a forward earnings yield of 2.5%.
Vonage follows with a forward earnings yield of 5.8%, and Premiere Global Services rounds out the bottom five with a forward earnings yield of 6.8%.
SmarTrend recommended that subscribers consider buying shares of Premiere Global Services on April 24th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $10.47. Since that recommendation, shares of Premiere Global Services have risen 33.7%. We continue to monitor Premiere Global Services for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest forward earnings yield cogent communications 8x8 inc level 3 communications vonage premiere global services