Cogent Communications Shares Up 7.6% (CCOI)

Shares of Cogent Communications Group, Inc. CCOI are trading up 7.6% at $11.65 per share during the Thursday afternoon trading session. The day's trading range for shares of Cogent Communications Group, Inc has been between $11.04 and $11.93 per share. Analysts covering the company's stock give it a consensus price target of $10.83 per share. Volume of 738,000 shares is far above the daily average volume of 180,000 shares. Cogent Communications Group, Inc. (CCOI) announced financial results on Thursday morning that were in line with consensus Wall Street expectations. Cogent Communications Group, Inc announced a 3rd quarter loss per share of 1 cent, on revenue of $66.78 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 1 cent per share, on revenue of $66.69 million. Read more from Benzinga's Company news.