Cogent Communications Holdings I (NASDAQ: CCOI) has reported earnings for its fourth fiscal quarter (ending December 31) of $4.23 versus $0.02 for the same period a year ago — an increase of 21050%. This result exceeded the consensus estimate of $-0.54 by $4.77. For the latest four quarters through December 31, E.P.S. were $26.88 versus $0.11 for the same period a year ago — an increase of 24336%.
Recent Price Action
Cogent Communications Holdings I (NASDAQ: CCOI) stock closed at $80.91 on 2/29/24 after a slight gain of 0.2%. Moreover, trading volume in this advance was exceptionally high at 259% of normal. The stock has risen 4.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CCOI is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Cogent Communications Holdings I is currently unrated.
Rating Review
The stock is currently unrated.
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