These Analysts Slash Their Forecasts On Cogent Communications After Q4 Results

Benzinga
19 hours ago

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) reported mixed results for the fourth quarter on Friday.

Cogent Communications reported quarterly losses of 64 cents per share which beat the analyst consensus estimate of losses of 95 cents per share. The company reported quarterly sales of $240.518 million which missed the analyst consensus estimate of $247.465 million.

Cogent Communications shares fell 8.1% to trade at $17.08 on Monday.

These analysts made changes to their price targets on Cogent Communications following earnings announcement.

  • Keybanc analyst Brandon Nispel maintained the stock with an Overweight rating and lowered the price target from $30 to $25.
  • Oppenheimer analyst Timothy Horan maintained the stock with an Outperform rating and cut the price target from $40 to $30.

Considering buying CCOI stock? Here’s what analysts think:

Photo via Shutterstock

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