New Strong Sell Stocks for July 15th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2024
0mins
Source: NASDAQ.COM
- Stocks Added to Zacks Rank #5 List: Three stocks, including AMC Networks Inc., Cogent Communications Holdings, Inc., and Haynes International, Inc., have been added to the Zacks Rank #5 (Strong Sell) List due to downward revisions in their current year earnings estimates over the last 60 days.
- Zacks Investment Research Recommendations: Zacks Investment Research offers recommendations for the "7 Best Stocks for the Next 30 Days" and provides free stock analysis reports for companies like AMC Networks Inc., Haynes International, Inc., and Cogent Communications Holdings, Inc.
Analyst Views on CCOI
Wall Street analysts forecast CCOI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCOI is 31.09 USD with a low forecast of 23.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
3 Buy
8 Hold
1 Sell
Hold
Current: 23.210
Low
23.00
Averages
31.09
High
55.00
Current: 23.210
Low
23.00
Averages
31.09
High
55.00
About CCOI
Cogent Communications Holdings, Inc. is a facilities-based provider of Internet access, private network services, optical wavelength, and optical transport services and data center colocation space and power. The Company, through its own facilities, offers on-net Internet access services to customers located in buildings that are physically connected to its network. Its network is specifically designed and optimized to transmit packet routed data. Its on-net service consists of high-speed Internet access and private network services offered at speeds ranging from 100 megabits per second (Mbps) to 400 gigabits per second (Gbps). The Company delivers its services on its network in 56 countries across North America, Europe, South America, Oceania and Africa. Its corporate customers are located in multi-tenant office buildings (MTOBs), which include law firms, advertising and marketing firms, as well as healthcare providers, and other professional services businesses, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
