These Analysts Slash Their Forecasts On Cogent Communications After Q4 Results - Cogent Comms Hldgs (NASDAQ:CCOI)

Core Viewpoint - Cogent Communications Holdings, Inc. reported mixed results for the fourth quarter, with losses per share beating analyst expectations but sales falling short of estimates [1]. Financial Performance - The company reported quarterly losses of 64 cents per share, which was better than the analyst consensus estimate of losses of 95 cents per share [1]. - Quarterly sales amounted to $240.518 million, missing the analyst consensus estimate of $247.465 million [1]. - Following the earnings announcement, Cogent Communications shares fell by 8.1%, trading at $17.08 [1]. Analyst Ratings and Price Targets - Keybanc analyst Brandon Nispel maintained an Overweight rating on the stock but lowered the price target from $30 to $25 [3]. - Oppenheimer analyst Timothy Horan maintained an Outperform rating and reduced the price target from $40 to $30 [3].