NEW YORK (
) -- Shares of
Cogent Communications Group Incorporated
) were gapping up Thursday morning with an open price 11.2% higher than Wednesday's closing price. The stock closed at $13.86 Wednesday and opened today's trading at $15.41.
The average volume for Cogent Communications Group has been 229,000 shares per day over the past 30 days. Cogent Communications Group has a market cap of $643.5 million and is part of the
industry. Shares are down 2% year to date as of the close of trading on Wednesday.
Cogent Communications Group, Inc., together with subsidiaries, provides high-speed Internet access and Internet Protocol, or communications services to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations.
TheStreet Ratings rates Cogent Communications Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full
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