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Monday, March 07, 2011 5:36:28 PM
http://www.americanbankingnews.com/2011/03/07/cogent-communications-ccoi-upgraded-by-raymond-james-rjf-to-outperform/
March 7th, 2011
Equities research analysts at Raymond James (NYSE: RJF) upgraded shares of Cogent Communications (NASDAQ: CCOI) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday.
Separately, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Cogent Communications from $13.00 to $18.00 in a research note to investors on Tuesday, December 21st. They now have an “outperform” rating on the stock.
Cogent Communications Group, Inc. is a facilities-based provider of Internet access and Internet Protocol (IP) communications services. Its network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other organizations through approximately 21,300 customer connections in North America and Europe. The Company provides its own on-net service at a speed of 100 Megabits per second through its own facilities. Its customers in multi-tenant office buildings are law firms, financial services firms, advertising and marketing firms and other professional services businesses. It also provide on-net Internet access to certain bandwidth-intensive users, such as universities, other Internet service providers (ISPs) and commercial content providers at speeds of up to ten Gigabits per second.
Cogent Communications last announced its quarterly results on Thursday, February 24th. The company reported $0.06 earnings per share (EPS) for the previous quarter. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that Cogent Communications will post $-0.01 EPS next quarter.
Shares of Cogent Communications (NASDAQ: CCOI) opened at 15.51 on Monday. Cogent Communications has a 52 week low of $6.98 and a 52 week high of $16.14. The stock’s 50-day moving average is $14.22 and its 200-day moving average is $11.78. The company has a market cap of $692.5 million and a price-to-earnings ratio of 1551.00.
Recent CCOI News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 04:52:10 PM
- Cogent Communications CEO to Present at Three Upcoming Conferences • PR Newswire (US) • 08/22/2024 12:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 07:30:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 03:59:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 11:15:46 AM
- Cogent Communications Reports Second Quarter 2024 Results and Increases its Regular Quarterly Dividend on its Common Stock • PR Newswire (US) • 08/08/2024 10:59:00 AM
- Webcast Change for Cogent Communications CEO's Presentation at an Upcoming Conference • PR Newswire (US) • 08/01/2024 04:00:00 PM
- Cogent Communications CEO to Present at Four Upcoming Conferences • PR Newswire (US) • 07/25/2024 12:30:00 PM
- Cogent Communications to Host Second Quarter 2024 Earnings Call on August 8, 2024 • PR Newswire (US) • 07/17/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 02:22:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 08:55:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 03:13:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/12/2024 11:09:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:38:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 08:35:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/10/2024 09:05:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 05:50:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 02:16:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 08:35:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 11:47:18 AM
- Cogent Launches Notes Offering • PR Newswire (US) • 06/05/2024 11:42:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 08:16:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/04/2024 03:30:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 05:59:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:58:20 PM
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