Cogent Communications Holdings I (NASDAQ: CCOI) has benefited from exceptional positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Recent notable positive changes in fundamentals have benefitted Cogent Communications Holdings I (NASDAQ: CCOI): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cogent Communications Holdings I has a very low Appreciation Score of 6 and a very low Power Rating of 4, producing the Lowest Value Trend Rating.
Recent Price Action
Cogent Communications Holdings I (NASDAQ: CCOI) stock enjoyed a very large increase of 5.3% on 7/16/24. The shares closed at $69.28. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 21.2% during the last week.
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