Why Cogent (CCOI) Shares Are Falling Today
What Happened? Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 28.5% in the morning session after the company reported disappointing third-quarter results that fell short of revenue and EBITDA expectations. The internet service provider posted revenue of 0.87 per share was narrower than analysts had anticipated, this was overshadowed by the weak t ...