(CCOI) Cogent Communications - Ratings and Ratios

Cogent Communications Holdings, Inc. is a multinational internet service provider that offers a range of services including high-speed internet access, private networks, and data center colocation. The companys extensive network spans across North America, South America, Europe, Oceania, and Africa, catering to a diverse customer base comprising law firms, financial services firms, healthcare providers, educational institutions, and other professional services businesses.

The companys on-net services provide customers with high-speed internet access and private networks, leveraging its vast network infrastructure. Additionally, Cogent offers off-net services to customers not directly connected to its network, utilizing other carriers circuits to complete the last mile connection. Its data centers enable customers to collocate their equipment, accessing the network and enhancing their operational capabilities.

Cogents customer base is primarily comprised of small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. With its headquarters in Washington, D.C., the company was founded in 1999 and has since established itself as a significant player in the global internet services market.

Analyzing the technical data, Cogents stock price is currently at $48.00, with a 20-day simple moving average (SMA) of $47.68 and a 50-day SMA of $50.40. The stocks 200-day SMA stands at $67.30, indicating a potential downtrend. The average true range (ATR) is 2.14, representing a 4.46% volatility. Given the current price action and technical indicators, a potential support level is seen around $45.04, the 52-week low.

From a fundamental perspective, Cogents market capitalization is approximately $2.34 billion. The companys P/E ratio is not available, while the forward P/E is significantly high at 5000.00, potentially indicating high growth expectations. The return on equity (RoE) stands at -69.09, suggesting significant losses. Considering the technical and fundamental data, a forecast for Cogents stock could be cautiously bearish in the short term, with potential support around $45.04. However, if the company can demonstrate a turnaround in its financial performance, the stock may experience a rebound.

Based on the analysis, a potential trading strategy could involve monitoring the stocks price action around the support level of $45.04. A break below this level could lead to further declines, while a bounce back from this level might indicate a potential buying opportunity. It is essential to continue monitoring the companys financial performance and adjust the forecast accordingly.