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CCOIBearishAnalyst Ratingnews
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Cogent Communications Faces Setback: Analyst Downgrades Stock Due To Delayed Growth

Aug 21, 2024, 12:50 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

CCOI's price target was raised by Citigroup analyst Michael Rollins. BofA Securities noted CCOI is behind schedule in growth opportunities. Analyst David Barden downgraded CCOI from Neutral to Underperform. Wavelength sales fell short of expectations, impacting CCOI's outlook. Positive business inflection point expected in late 2025.

  • CCOI's price target was raised by Citigroup analyst Michael Rollins.
  • BofA Securities noted CCOI is behind schedule in growth opportunities.
  • Analyst David Barden downgraded CCOI from Neutral to Underperform.
  • Wavelength sales fell short of expectations, impacting CCOI's outlook.
  • Positive business inflection point expected in late 2025.

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