Zacks Research Has Negative Outlook for CCOI FY2026 Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Equities researchers at Zacks Research lowered their FY2026 earnings per share (EPS) estimates for Cogent Communications in a research report issued on Wednesday, April 23rd. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of ($2.06) for the year, down from their prior forecast of ($2.05). The consensus estimate for Cogent Communications' current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications' FY2027 earnings at ($0.04) EPS.

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

Cogent Communications Trading Up 0.2 %

CCOI traded up $0.09 during midday trading on Friday, hitting $53.62. The company's stock had a trading volume of 294,585 shares, compared to its average volume of 458,558. The firm has a 50-day moving average price of $63.20 and a two-hundred day moving average price of $73.26. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 5.87. Cogent Communications has a 52-week low of $47.54 and a 52-week high of $86.76. The firm has a market cap of $2.65 billion, a P/E ratio of 68.74 and a beta of 0.69.

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

Institutional Trading of Cogent Communications

A number of large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. acquired a new position in shares of Cogent Communications in the 4th quarter valued at $46,000. Itau Unibanco Holding S.A. increased its position in shares of Cogent Communications by 58.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 618 shares of the technology company's stock worth $48,000 after acquiring an additional 229 shares in the last quarter. Blue Trust Inc. grew its position in Cogent Communications by 53.8% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the technology company's stock worth $47,000 after purchasing an additional 218 shares in the last quarter. BankPlus Trust Department acquired a new position in Cogent Communications during the fourth quarter valued at $63,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Cogent Communications by 132.1% in the fourth quarter. Jones Financial Companies Lllp now owns 875 shares of the technology company's stock worth $67,000 after purchasing an additional 498 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Thaddeus Gerard Weed sold 4,900 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $72.06, for a total value of $353,094.00. Following the completion of the sale, the chief financial officer now directly owns 103,000 shares of the company's stock, valued at approximately $7,422,180. This represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Henry W. Kilmer sold 2,400 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $72.57, for a total value of $174,168.00. Following the sale, the vice president now directly owns 41,000 shares in the company, valued at approximately $2,975,370. The trade was a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,681 shares of company stock valued at $840,878 in the last quarter. Company insiders own 11.40% of the company's stock.

Cogent Communications Increases Dividend

The company also recently declared 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. This is an increase from Cogent Communications's previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 13th. This represents a $4.02 annualized dividend and a dividend yield of 7.50%. Cogent Communications's payout ratio is -93.49%.

Cogent Communications Company Profile

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.