Joe Terranova Burned By Cogent, Inc. (COGT)

On August 30th, CNBC Fast Money's Joe Terranova suggested investors to buy Cogent, Inc.

. He explained back then that this company has a great balance sheet, and tremendous cash flow. He added that Cogent (

) is a quality growth company. Since then COGT dropped approximately 4%, but Joe Terranova still believes that this stock has a potential to move higher. He recommended investors to stay with Cogent (

) on valuation basis. Cogent, Inc. (

) fell 0.09% today, and closed at $10.65.