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StockIceMan's Weekly Stock Pick
Week of March 21, 2005


Stock: Cogent, Inc.
Ticker Symbol: COGT - Nasdaq - Computer Services
Buy: 24.75 to 25.25
Sell: 30.00 +
Info: Cogent, Inc. is a provider of automated fingerprint identification systems (AFIS) and other fingerprint biometrics solutions to governments, law enforcement agencies and other organizations worldwide. The Company's AFIS solutions enable customers to capture fingerprint images electronically, encode fingerprints into searchable files and compare a set of fingerprints. The Company's AFIS solutions include Cogent automated fingerprint identification system and Cogent live-ID; Its AFIS products include programmable matching accelerator servers and live-scan systems; Cogents AFIS services include the design, integration and training, as well as outsourced live-ID biometric processing services, and the Company's ASIC applications include BioGate, national identification card programs and MobileIDENT. Cogent offers all of the elements to deploy fingerprint biometric solutions, including search and retrieval software, capture devices and systems integration services.
Financial Info: For the nine months ended 9/04, revenues totaled $55.9 million, up from $12.1 million. Net income totaled $32.6 million versus a loss of $398,000.
Key Ratios: Current Ratio: 4.18, Total Debt/Equity: 0.00, Trailing P/E: 46.74x, Forward P/E: 32.72x, Price/Book: 9.69, Price/Sales: 28.60
Share Info: There are 80.79 million shares outstanding with 19.00 million shares in the trading float. Institutions own approximately 18.02% of the shares outstanding. There have been no reported insider purchases or insider sales in the last six months. Real-Time SEC Filings

As of 2/8/2005, there were 1.15 million shares short.

Net Institutional Selling: N/A:  prior to latest quarter.
Articles: Post-IPO Investing

 
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