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0 -0.000258197779499228 0 0.000258197779499045 0.00180738445649368 0.00731216111541443 0.0108443067389619 0.0116189000774592
Stock impact report

Why Cogent (CCOI) Shares Are Falling Today [Yahoo! Finance]

Cogent Communications Holdings, Inc. (CCOI) 
Last cogent communications holdings, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 3.3% in the afternoon session after company director Lewis H. Ferguson sold a significant portion of his holdings, adding to recent negative sentiment surrounding the company. Ferguson sold 4,000 shares for a total of $81,340, which represented about 17.2% of his stake in that class of stock. Such a sale by an insider often worried investors, as it can suggest a lack of confidence in the company's future. The transaction followed a string of unfavorable news for Cogent. The company recently reported third-quarter results that showed declining revenue. In response, Cogent also slashed its quarterly dividend by approximately 98% to just $0.02 per share. This move led to downgrades from both Wells Fargo and UBS, who cited concerns over the company's performance and growth path. Show less Read more
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