Oppenheimer analyst Timothy Horan lowered the firm’s price target on Cogent (CCOI) to $40 from $75 and keeps an Outperform rating on the shares. The firm says that the company was set up for an improved start to the second half of 2025, but results came in softer on lingering headwinds. Top line was pressured by essentially the last tranche of Sprint grooming while Wavelength ramp remains sluggish with customers still not ready to accept installed orders.
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