Recent extremely meaningful positive changes in investment behavior have benefitted Cogent Communications Holdings I (NASDAQ: CCOI): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Cogent Communications Holdings I (NASDAQ: CCOI) has recently enjoyed meaningful positive changes in fundamentals: 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Cogent Communications Holdings I has a poor Power Rating of 16 and a very low Appreciation Score of 7, resulting in the Lowest Value Trend Rating.
Recent Price Action
Cogent Communications Holdings I (NASDAQ: CCOI) stock closed at $70.09 on 9/11/24 after a decline of -2.4%. However, trading volume in this decline was unusually low at 56% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.5% during the last week.
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