Cogent Communications (CCOI) to Release Quarterly Earnings on Thursday

Cogent Communications (NASDAQ:CCOI - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Cogent Communications to post earnings of ($1.22) per share and revenue of $258.49 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Cogent Communications Stock Down 1.4 %

CCOI traded down $1.14 during trading on Friday, hitting $80.31. The company had a trading volume of 91,682 shares, compared to its average volume of 314,744. The company has a market cap of $3.94 billion, a PE ratio of 102.98 and a beta of 0.40. Cogent Communications has a 1-year low of $50.80 and a 1-year high of $86.76. The business has a 50-day moving average of $76.44 and a 200-day moving average of $76.68. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03.

Analyst Ratings Changes

Separately, UBS Group assumed coverage on shares of Cogent Communications in a report on Thursday, November 14th. They set a "buy" rating and a $102.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cogent Communications has an average rating of "Hold" and a consensus price target of $80.25.

Insider Transactions at Cogent Communications

In other news, CRO James Bubeck sold 1,920 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $81.42, for a total transaction of $156,326.40. Following the completion of the transaction, the executive now owns 51,462 shares in the company, valued at approximately $4,190,036.04. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Henry W. Kilmer sold 4,800 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $75.61, for a total transaction of $362,928.00. Following the transaction, the vice president now owns 33,800 shares of the company's stock, valued at $2,555,618. This represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,440 shares of company stock worth $1,057,910. Insiders own 11.40% of the company's stock.

About Cogent Communications

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers.