Jim Cramer Recommends Cogent Communications (CCOI)
Tonight on Mad Money, Jim Cramer recommended Cogent Communications Group (NASDAQ: CCOI) as a speculative play. Although I would never buy a stock on the sole recommendation of Jim Cramer, as he is always too bullish and takes a shotgun approach to picking stocks, Mad Money is a good place to hear a lot of different investment ideas. In particular, speculating alongside Cramer might not be a bad idea, as he has always been a growth investor and made a lot of money in the tech boom.
According to Google Finance, "Cogent Communications Group, Inc. (Cogent) is a facilities-based provider of Internet access and Internet protocol (IP) communications services. Its network is specifically designed and optimized to transmit data using IP." The stock is currently trading at $11.49 on the Nasdaq exchange.
