Zacks Research Issues Optimistic Outlook for CCOI Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Equities researchers at Zacks Research boosted their Q3 2025 earnings per share estimates for Cogent Communications in a research note issued to investors on Monday, March 24th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of ($0.70) for the quarter, up from their previous estimate of ($0.72). The consensus estimate for Cogent Communications' current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications' Q4 2025 earnings at ($0.70) EPS, FY2025 earnings at ($3.34) EPS, Q1 2026 earnings at ($0.59) EPS, Q2 2026 earnings at ($0.72) EPS, Q3 2026 earnings at ($0.42) EPS, Q4 2026 earnings at ($0.38) EPS, FY2026 earnings at ($2.11) EPS and FY2027 earnings at ($0.02) EPS.

Separately, StockNews.com upgraded Cogent Communications to a "sell" rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $80.25.

Cogent Communications Stock Down 1.6 %

NASDAQ CCOI traded down $1.00 during midday trading on Thursday, hitting $60.57. 88,555 shares of the company traded hands, compared to its average volume of 435,120. The company has a market cap of $2.97 billion, a PE ratio of 78.22 and a beta of 0.45. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03. Cogent Communications has a 52 week low of $50.80 and a 52 week high of $86.76. The company's 50-day simple moving average is $74.21 and its 200-day simple moving average is $76.61.

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Cogent Communications (NASDAQ:CCOI - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.91) earnings per share for the quarter, topping the consensus estimate of ($1.22) by $0.31. The firm had revenue of $252.29 million during the quarter, compared to analysts' expectations of $258.49 million. Cogent Communications had a net margin of 3.73% and a negative return on equity of 36.31%.

Cogent Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, March 13th were issued a dividend of $1.005 per share. The ex-dividend date was Thursday, March 13th. This represents a $4.02 annualized dividend and a dividend yield of 6.64%. This is an increase from Cogent Communications's previous quarterly dividend of $1.00. Cogent Communications's dividend payout ratio is -93.49%.

Insider Activity at Cogent Communications

In other news, Director Sheryl Lynn Kennedy sold 1,425 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $72.96, for a total value of $103,968.00. Following the completion of the transaction, the director now directly owns 10,147 shares in the company, valued at $740,325.12. This trade represents a 12.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thaddeus Gerard Weed sold 4,900 shares of Cogent Communications stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $72.06, for a total value of $353,094.00. Following the sale, the chief financial officer now directly owns 103,000 shares of the company's stock, valued at $7,422,180. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,681 shares of company stock valued at $840,878 in the last three months. 11.40% of the stock is owned by insiders.

Institutional Trading of Cogent Communications

Institutional investors and hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Cogent Communications during the third quarter worth $30,000. Quest Partners LLC acquired a new position in shares of Cogent Communications in the 3rd quarter valued at about $46,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Cogent Communications in the fourth quarter worth about $46,000. Blue Trust Inc. grew its holdings in Cogent Communications by 53.8% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the technology company's stock worth $47,000 after acquiring an additional 218 shares during the period. Finally, BankPlus Trust Department purchased a new position in Cogent Communications during the fourth quarter valued at approximately $63,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.