Cogent Communications Group Inc. (COGT) falls on missing Q3 analysts' expectations
By Mark Moneymaster
November 09, 2009 2:35 PM
November 09, 2009 2:35 PM
Internet service provider Cogent Communications Group Inc. (NASDAQ: COGT) on Monday reported a lower loss for its latest quarter, but its stock fell as it missed analysts' revenue forecasts.
In afternoon trades, its stock, pegged at $9, was 1% down from Friday's close and looking weak on charts.
Cogent Communications Group Inc. (COGT), ende with losses of $3.28 million in Q3. However, its revenue rose only by 10 percent to $60.2 million, thus mising analysts' expectations.
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