Zacks Research Has Positive Forecast for CCOI Q1 Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Investment analysts at Zacks Research lifted their Q1 2025 EPS estimates for Cogent Communications in a research report issued to clients and investors on Tuesday, April 22nd. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of ($1.02) for the quarter, up from their prior forecast of ($1.03). The consensus estimate for Cogent Communications' current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications' Q2 2025 earnings at ($0.90) EPS, Q3 2025 earnings at ($0.69) EPS, Q4 2025 earnings at ($0.69) EPS, FY2025 earnings at ($3.29) EPS, Q1 2026 earnings at ($0.57) EPS, Q2 2026 earnings at ($0.70) EPS, Q3 2026 earnings at ($0.41) EPS, Q4 2026 earnings at ($0.37) EPS, FY2026 earnings at ($2.05) EPS, Q1 2027 earnings at ($0.35) EPS and FY2027 earnings at ($0.03) EPS.

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

Cogent Communications Price Performance

NASDAQ CCOI traded up $0.03 during trading hours on Thursday, reaching $53.53. 411,446 shares of the stock traded hands, compared to its average volume of 459,215. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a 50 day simple moving average of $63.80 and a two-hundred day simple moving average of $73.49. Cogent Communications has a 1 year low of $47.54 and a 1 year high of $86.76. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 68.63 and a beta of 0.69.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tyro Capital Management LLC increased its position in shares of Cogent Communications by 0.6% during the third quarter. Tyro Capital Management LLC now owns 350,304 shares of the technology company's stock valued at $26,595,000 after buying an additional 2,063 shares during the period. Meyer Handelman Co. bought a new stake in Cogent Communications during the 4th quarter valued at approximately $284,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Cogent Communications by 16.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,841 shares of the technology company's stock worth $1,221,000 after acquiring an additional 2,235 shares during the period. Phillips Wealth Planners LLC raised its position in shares of Cogent Communications by 6.6% in the 4th quarter. Phillips Wealth Planners LLC now owns 5,645 shares of the technology company's stock worth $405,000 after acquiring an additional 349 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Cogent Communications by 53.8% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the technology company's stock valued at $47,000 after purchasing an additional 218 shares during the period. 92.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cogent Communications

In related news, Director Lewis H. Ferguson sold 956 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $69.36, for a total transaction of $66,308.16. Following the completion of the sale, the director now directly owns 18,652 shares in the company, valued at $1,293,702.72. This represents a 4.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Thaddeus Gerard Weed sold 4,900 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $72.06, for a total transaction of $353,094.00. Following the completion of the sale, the chief financial officer now directly owns 103,000 shares in the company, valued at approximately $7,422,180. This trade represents a 4.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,681 shares of company stock worth $840,878. 11.40% of the stock is currently owned by insiders.

Cogent Communications Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 13th were paid a $1.005 dividend. This is a boost from Cogent Communications's previous quarterly dividend of $1.00. This represents a $4.02 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend was Thursday, March 13th. Cogent Communications's payout ratio is -93.49%.

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.