Cogent Communications traded at $18.59 this Friday February 20th, decreasing $7.73 or 29.36 percent since the previous trading session. Looking back, over the last four weeks, Cogent Communications lost 21.65 percent. Over the last 12 months, its price fell by 76.75 percent. Looking ahead, we forecast Cogent Communications to be priced at 18.01 by the end of this quarter and at 16.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cogent Communications Holdings, Inc. is a facility-based provider of high-speed Internet access, private network services, and data center colocation space. Its network is specifically designed and optimized to transmit packet-switched data. The Company delivers services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations. The Company offers on-net Internet access services through its own facilities, which run from its network to its customer's premises. The Company offers on-net services to customers located in buildings that are physically connected to its network. 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 100 gigabits per second (Gbps). It provides on-net Internet access and private network services to its corporate and net-centric customers.