Cogent Communications Holdings I (NASDAQ: CCOI) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
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). This rating combines highly consistent signals from two proprietary PTR 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, resulting in the Lowest Value Trend Rating.
Recent Price Action
On 8/1/24, Cogent Communications Holdings I (NASDAQ: CCOI) stock declined modestly by -1.9%, closing at $69.23. However, unusually low trading volume at 61% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 7.0% during the last week.
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