Several subscribers have asked about our thoughts on FTGX’s latest earnings report.

This morning Fibernet Telecom (FTGX) announced a colo expansion at 60 Hudson Street in New York City. Since the company was quickly reaching full capacity in its existing colo space, we view this news as very significant, in that it has the potential to provide significant revenue and EBITDA growth, over and above our existing 2007 projections for the company.

We were pleased to see that Merriman initiated coverage of Fibernet  Telecom (FTGX) this morning with a Buy rating and an $8.25 - $9.50 price target.  We have not had a chance to review the report in detail, but we should mention that we think the analyst’s numbers are too low and that FTGX will […]

I highly respect the job you did of analyzing Interap as showing how undervalued it was. FTGX also appears way undervalued and yet it has dropped over 10% since what I think is a pretty strong report showing the company is on the verge of turning things around financially.

We continue to believe that companies with high-replacement cost fiber
in metro areas are best positioned to benefit from the consolidation
wave sweeping the IP Transport and Colocation services market. As such
we were pleased to have recently had the opportunity to chat with Jon
A. DeLuca, President and Chief Executive Officer of FiberNet Telecom
Group (FTGX), a company that […]

Last evening, Internap, the biggest winner in our portfolio this year, reported outstanding quarterly results and once again raised estimates for 2006. The company now expects EBITDA of about $25 million and revenues of approximately $180 million in 2006. Internap’s stock rose to a 52-week high following the announcement. Internap now sports an enterprise value […]

This morning FiberNet Telecom (FTGX) reported outstanding results for the third quarter of 2006. Notably, Fibernet reported free cash-flow (defined as EBITDA minus interest minus cap-ex) of nearly $1 million on $10.4 million in sales. Sales jumped 20% year-over-year and EBITDA rose 160% as compared to 2005, showing once again that the company’s business model […]

FiberNet Telecom (Nasdaq: FTGX). FTGX, is a highly-leveraged, micro-cap company, based out of New York City, that provides broadband transport and co-location services to over 240 clients. The company’s stock currently trades at about $4.30, down from a five-year high of over $100, and a two-year high of nearly $10. We believe the company is in the midst of a successful and sustainable turnaround in operations, and given the low valuation of its shares relative to recent M&A multiples in the sector, we think investors should be aggressively buying stock at current price levels or lower.