Cogent Communications (CCOI) News Today

Cogent Communications (NASDAQ:CCOI) Shares Gap Down to $74.73

Bank of America lowered Cogent Communications from a "neutral" rating to an "underperform" rating and cut their target price for the company from $75.00 to $65.00 in a research note on Wednesday.

Raymond James & Associates lessened its holdings in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 551,030 shares of the te

Citigroup lifted their target price on shares of Cogent Communications from $70.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday.

Clear Harbor Asset Management LLC grew its stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 144.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,766 shares of the technology company's sto

M&G Plc lowered its stake in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 399,157 shares of the technology company's stock after selling 30,715 shares during th

Bank of America raised their target price on Cogent Communications from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday.

JPMorgan Chase & Co. boosted their price objective on shares of Cogent Communications from $70.00 to $76.00 and gave the company a "neutral" rating in a report on Monday.

Cogent Communications (NASDAQ:CCOI - Get Free Report) released its quarterly earnings data on Thursday. The technology company reported ($0.68) earnings per share for the quarter, beating the consensus estimate of ($1.27) by $0.59. The firm had revenue of $260.40 million during the quarter, compared to the consensus estimate of $264.32 million. Cogent Communications had a negative return on equity of 24.63% and a net margin of 114.09%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) earnings per share.

Harbor Capital Advisors Inc. increased its position in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 289.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional invest

Westwood Holdings Group Inc. grew its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 738,664 shares of the technol

Cogent Communications (NASDAQ:CCOI) will be releasing earnings before the market opens on Thursday, August 8, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=378413)

Royal Bank of Canada restated an "outperform" rating and set a $74.00 target price on shares of Cogent Communications in a research note on Monday.

Capital World Investors lifted its holdings in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 327.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 981,623 shares of the techno

UniSuper Management Pty Ltd acquired a new position in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,943 shares of the technology company's stock, valued at approxim

State Board of Administration of Florida Retirement System lifted its holdings in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional inv

Seven Eight Capital LP acquired a new stake in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,390

M&G Plc purchased a new stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 429,872 shares of the technology company's stock, valued a

Blair William & Co. IL cut its position in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 17.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 306,552 shares of the technology company's stock after selli

ProShare Advisors LLC reduced its position in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 16.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,551 shares of the technology company's s

Oppenheimer & Co. Inc. grew its stake in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 294.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,009 shares of the technology company's

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to

Jennison Associates LLC lowered its stake in shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 9.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 749,255 shares of the techno

The Goldman Sachs Group assumed coverage on Cogent Communications in a research report on Monday. They issued a "neutral" rating and a $56.00 price target for the company.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 4,400,000 shares, a growth of 15.5% from the May 31st total of 3,810,000 shares. Based on an average daily trading volume, of 485,600 shares, the short-interest ratio is presently 9.1 days. Currently, 10.0% of the shares of the company are short sold.

Cogent Communications (NASDAQ:CCOI) Stock Price Up 4.8%

Goldman Sachs Group Inc. increased its stake in Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,174 shares of

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Research analysts at Zacks Research cut their Q2 2024 earnings estimates for shares of Cogent Communications in a note issued to investors on Tuesday, June 18th. Zacks Research analyst R. Department now expects that the technology