9-Day Sell-Off Sends Cogent Communications Stock Down -60%
Cogent Communications (CCOI) stock hit day 9 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -60% return. The company has lost about $1.2 Bil in value over the last 9 days, with its current market capitalization at about $794 Mil. The stock remains 76.9% below its value at the end of 2024. This compares with year-to-date returns of 14.6% for the S&P 500.
Cogent Communications’ recent streak saw shares plunge after Q3 revenue missed estimates, compounded by a drastic dividend cut. This triggered a cascade of analyst downgrades and price target reductions, as concerns mounted over the internet service provider’s declining cash flow and persistent unprofitability, reshaping investor outlook.
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact. Our take: There are several things to fear in CCOI stock given its overall Very Weak operating performance and financial condition. Hence, despite its Very Low valuation, we think that the stock is Unattractive (see Buy or Sell CCOI). Nevertheless, individual stocks can be volatile and shake you out, but strategic allocation and diversification helps you stay invested. Our Boston-based, wealth management partner’s asset allocation approach is designed exactly for that.
For quick background, CCOI provides high-speed Internet, private network, and data center colocation services across six continents, operating 54 data centers and serving thousands of buildings globally.
Comparing CCOI Stock Returns With The S&P 500
The following table summarizes the return for CCOI stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | CCOI | S&P 500 |
|---|---|---|
| 1D | -9.8% | -1.7% |
| 9D (Current Streak) | -59.6% | -1.5% |
| 1M (21D) | -63.0% | 1.0% |
| 3M (63D) | -49.9% | 4.5% |
| YTD 2025 | -76.9% | 14.6% |
| 2024 | 7.2% | 23.3% |
| 2023 | 41.2% | 24.2% |
| 2022 | -17.2% | -19.4% |
Take a look at what history tells you about whether past dips like this have been buying opportunities or traps: CCOI Dip Buyer Analysis.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 62 S&P constituents with 3 days or more of consecutive gains and 40 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 27 | 28 |
| 4D | 8 | 12 |
| 5D | 15 | 0 |
| 6D | 6 | 0 |
| 7D or more | 6 | 0 |
| Total >=3 D | 62 | 40 |
Key Financials for Cogent Communications (CCOI)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $940.9 Mil | $1.0 Bil |
| Operating Income | $-110.8 Mil | $-179.5 Mil |
| Net Income | $1.3 Bil | $-204.1 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $246.2 Mil | $241.9 Mil |
| Operating Income | $-31.5 Mil | $-20.6 Mil |
| Net Income | $-57.8 Mil | $-41.5 Mil |
The losing streak CCOI stock is currently on doesn’t inspire much confidence among investors. In contrast, Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.