Cogent Communications Holdings, Inc. | CCOI

Daily Technical Analysis of Cogent Communications Holdings, Inc.

Cogent Communications Holdings is up a bit on the day, funds flowing in kept the price up 1.80% since yesterday.

Currently CCOI isn't at a clear support/resistance line that seems tradable. Cogent Communications Holdings has looked pretty good over the last few months. It has definitely cuaght a bid and had a nice run. Over the last 3 months, shareholders are up 14.20 percent. CCOI might find some support at the 60.44 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Cogent Communications Holdings By Price Target And Rating

The analysts are pretty neutral on Cogent Communications Holdings right now, so not much useful information here. The current Analysts Sentiment Score is 0.81. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JPMorgan Chase & Co. provided a price target decease of -1.35% to $73.00 from $74.00 on 2024-03-06. TD Cowen gave a boost to their price target and moved to $84.00 from $81.00 on 2024-03-01. KeyCorp provided a price target boost of 3.53% to $88.00 from $85.00 on 2024-03-01. On 2023-11-10 The Goldman Sachs Group increased their price target by 11.67% to $67.00. Royal Bank of Canada gave a boost to their price target and moved to $74.00 from $69.00 on 2023-09-05. On 2023-08-18 Citigroup increased their price target by 17.14% to $82.00. 888 announced that they are reiterating a rating of Reiterates on 2023-05-22. Bank of America announced an upgrade on 2023-05-03 from Underperform to Buy and moved up their price target to $85.00 which is a 88.89% increase.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CCOI	0.81	0.45	0	1.61	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-08)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CCOI	0.00	0.00

Short interest for Cogent Communications Holdings

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CCOI	2.63	%2.8	3	-14.388	1230000

How Cogent Communications Holdings compares to the broader Communication Services sector and the more specific Communication Services industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Communication Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	33	0.29	0.96	1.20	8.42	19.48	12.78	55.03	31.67	20.59	9.82	-12745.04	-17867.01	14.39	12.12	3.89	2.15
Communication Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	34	0.34	0.91	1.48	8.61	19.72	13.17	56.15	32.58	20.47	9.99	-12370.19	-18557.75	18.38	11.76	3.95	2.16

Social Sentiment for Cogent Communications Holdings

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CCOI

Companies with the highest correlation to Cogent Communications Holdings

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
TRNO \| Terreno Realty Corporatio	0.65	1.03	-0.18	-1.50	-11.02	8.20	8.51	62	-1.19	-0.13	2.41	-3392.92	-2467.44	0	3.50651
SNPS \| Synopsys Inc	0.56	0.79	4.82	8.82	5.57	-7.08	0.89	63	-2.19	-3.23	-6.43	-2215.52	-3610.85	0	1.89543
KFY \| Korn Ferry	0.55	1.04	1.63	10.91	5.32	14.93	50.39	76	35.63	49.61	78.75	0.00	-31445.94	100	2.01098
ALTR \| Altair Engineering Inc. C	0.54	0.12	0.63	-0.11	17.45	15.00	44.10	47	28.63	26.94	38.28	-1753.97	-27774.35	0	7.39914
OUT \| OUTFRONT Media Inc.	0.54	1.17	6.09	3.60	11.71	33.08	54.39	61	91.30	53.09	64.25	-311.07	-19434.97	0	4.32234
RILY \| B. RILEY FINANCIAL, INC.	0.54	-1.55	0.95	-19.37	-13.05	-84.48	-79.10	33	-63.11	-24.89	-85.55	-171280.12	-436.27	0	19.9689
NDSN \| Nordson Corp	0.53	1.33	0.45	3.16	0.30	7.56	9.93	61	11.03	5.91	6.83	-839.03	-4148.25	0	3.94773
ELF \| e.l.f. Beauty, Inc.	0.53	1.18	-0.77	9.08	-19.77	-37.10	5.84	77	-21.89	-31.42	-34.49	-8163.63	-8010.68	0	2.36723

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