Cogent, Tetra Tech, Lumen, EPAM, and ASGN Shares Are Falling, What You Need To Know

Cogent, Tetra Tech, Lumen, EPAM, and ASGN Shares Are Falling, What You Need To Know

Anthony Lee

Tue, February 24, 2026 at 1:50 AM GMT+9 3 min read

In this article:

CCOI

-10.84%

EPAM

-5.92%

ASGN

-6.50%

TTEK

-6.44%

LUMN

-6.58%

What Happened?

A number of stocks fell in the morning session after the Trump administration’s announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Terrestrial Telecommunication Services company Cogent (NASDAQ:CCOI) fell 8.5%. Is now the time to buy Cogent? Access our full analysis report here, it’s free.

Industrial & Environmental Services company Tetra Tech (NASDAQ:TTEK) fell 4.8%. Is now the time to buy Tetra Tech? Access our full analysis report here, it’s free.

Terrestrial Telecommunication Services company Lumen (NYSE:LUMN) fell 4.9%. Is now the time to buy Lumen? Access our full analysis report here, it’s free.

IT Services & Consulting company EPAM (NYSE:EPAM) fell 6.5%. Is now the time to buy EPAM? Access our full analysis report here, it’s free.

IT Services & Consulting company ASGN (NYSE:ASGN) fell 5.9%. Is now the time to buy ASGN? Access our full analysis report here, it’s free.

Zooming In On Cogent (CCOI)

Cogent’s shares are extremely volatile and have had 36 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 3 days ago when the stock dropped 29.1% on the news that the company reported disappointing fourth-quarter 2025 financial results that showed declining revenue and significant cash burn. Service revenue for the quarter was $240.5 million, a 4.7% decrease from the same period in the previous year and below analyst forecasts. While the company’s reported loss of $0.64 per share was narrower than Wall Street expected, this positive surprise was overshadowed by other negative signals. The company’s free cash flow was negative, with a cash burn of $43 million during the quarter, worsening from the $31.6 million burned in the same period last year. The combination of missing revenue expectations and accelerating cash burn appeared to heavily concern investors, leading to the stock’s sharp decline.

Story continues  

Cogent is down 16.5% since the beginning of the year, and at $17.22 per share, it is trading 78.5% below its 52-week high of $80.11 from February 2025. Investors who bought $1,000 worth of Cogent’s shares 5 years ago would now be looking at an investment worth $293.16.

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