Some refer to the world of fiber because horizontal tower companies as the cell towers we know and love wouldn’t function without backhaul. Zayo, a company headquartered in Boulder, Colorado, provides fiber-based bandwidth infrastructure services and carrier-neutral co-location. Colby Synesael of Cowen and Company wrote in a research note that as investors become more familiar with the company, they expect the stock to undergo meaningful multiple expansion while strong secular tailwinds and additional M&A likely drive upside to estimates the next few years. Continue reading here.
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