Cogent Communications Holdings I (NASDAQ: CCOI) has reported E.P.S. of $-1.38 for its first fiscal quarter (ending March 31) versus $0.13 for the same period a year ago — a decline of -1162%. Relative to the consensus estimate of $-1.03, this was a shortfall of $-0.35. For the latest four quarters through March 31, E.P.S. were $25.49 compared to $0.22 a year ago — an increase of 11486%.
Recent Price Action
Cogent Communications Holdings I (NASDAQ: CCOI) stock declined by -2.7% on 5/9/24. The shares closed at $61.70. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CCOI is expected to continue to be Value Creation neutral.
Cogent Communications Holdings I has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Cogent Communications Holdings I has a slightly negative Power Rating of 31 and a very low Appreciation Score of 6, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment