Cogent Communications Holdings I (NASDAQ: CCOI) has reported a loss for its third fiscal quarter (ending September 30) of $-1.33 versus a loss $-1.20 for the same period a year ago — an increase of 11%. For the latest four quarters through September 30, E.P.S. were $0.84 versus $22.74 for the same period a year ago — a decline of -96%.
Recent Price Action
Cogent Communications Holdings I (NASDAQ: CCOI) stock rose modestly by 0.8% on 11/7/24. The stock closed at $85.35. Moreover, trading volume in this advance was unusually high at 176% of normal. The stock has risen 4.6% during the last week and has been strong relative to the market over the last nine months.
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 D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cogent Communications Holdings I has a very low Appreciation Score of 7 but a good Power Rating of 76, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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