Cogent Communications (CCOI) Stock Price, News & Analysis

Company Overview

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. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

Key Stats

• Today's Range: $79.73 to $81.40
• 50-Day Range: $70.32 to $85.35
• 52-Week Range: $50.80 to $86.76
• Volume: 415,414 shs
• Average Volume: 438,875 shs
• Market Capitalization: $3.99 billion
• P/E Ratio: 104.36
• Dividend Yield: 4.89%
• Price Target: $80.25
• Consensus Rating: Moderate Buy

Cogent Communications Stock Analysis - MarketRank™

Cogent Communications scored higher than 82% of companies evaluated by MarketBeat, and ranked 196th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cogent Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Cogent Communications has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Cogent Communications are expected to grow in the coming year, from ($4.54) to ($3.01) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cogent Communications is 104.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cogent Communications is 104.36, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.20.

Price to Book Value per Share Ratio

Cogent Communications has a P/B Ratio of 6.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.20% of the float of Cogent Communications has been sold short.

Short Interest Ratio / Days to Cover

Cogent Communications has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Cogent Communications has recently decreased by 1.93%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Cogent Communications is a leading dividend payer. It pays a dividend yield of 4.92%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Cogent Communications has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Cogent Communications is 510.26%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -1.25

Percentage of Shares Shorted

9.20% of the float of Cogent Communications has been sold short.

Short Interest Ratio / Days to Cover

Cogent Communications has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Cogent Communications has recently decreased by 1.93%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.91

News Sentiment

Cogent Communications has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Cogent Communications this week, compared to 5 articles on an average week.

Search Interest

11 people have searched for CCOI on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.

MarketBeat Follows

9 people have added Cogent Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cogent Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,077,344.00 in company stock.

Percentage Held by Insiders

11.40% of the stock of Cogent Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

92.45% of the stock of Cogent Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CCOI Stock Analysis - Frequently Asked Questions

How have CCOI shares performed this year?

Cogent Communications' stock was trading at $76.06 on January 1st, 2024. Since then, CCOI shares have increased by 7.0% and is now trading at $81.40.
View the best growth stocks for 2024 here.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) announced its earnings results on Thursday, November, 7th. The technology company reported ($1.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.34) by $0.01. The firm's revenue for the quarter was down 6.6% compared to the same quarter last year.

Does Cogent Communications have any subsidiaries?

Cogent Communications subsidiaries include these companies: Aleron, Global Access, FiberCity Networks, PSINet Ventures, Allied Riser Communications, Netrail, C.C.D. COGENT COMMUNICATIONS DEUTSCHLAND GMBH, and more.

Who are Cogent Communications' major shareholders?

Cogent Communications' top institutional shareholders include State Street Corp (3.57%), EdgePoint Investment Group Inc. (3.15%), Thrivent Financial for Lutherans (2.12%) and Geode Capital Management LLC (2.07%). Insiders that own company stock include Dave Schaeffer, Thaddeus Gerard Weed, Marc Montagner, John B Chang, James Bubeck, Raymond B Kummer, Henry W Kilmer, Steven D Brooks, Lewis H Ferguson, David Allen Kapp, Blake Bath, Sheryl Lynn Kennedy and Sean Robert Wallace.
View institutional ownership trends.

How do I buy shares of Cogent Communications?

Shares of CCOI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cogent Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cogent Communications investors own include American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR), Humana (HUM) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 9/6 Dividend: 8/22/2024
• Dividend Payable: 9/06/2024
• Last Earnings: 11/07/2024
• Today: 11/20/2024
• Ex-Dividend for 12/6 Dividend: 11/22/2024
• Dividend Payable: 12/06/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communication services, not elsewhere classified
• Sub-Industry: Alternative Carriers
• Current Symbol: NASDAQ:CCOI
• CUSIP: 19239V30
• CIK: 1158324
• Web: www.cogentco.com
• Phone: (202) 295-4200
• Fax: 202-338-8798
• Employees: 1,947
• Year Founded: 1999

Price Target and Rating

• Average Stock Price Target: $80.25
• High Stock Price Target: $102.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: -1.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.78
• Trailing P/E Ratio: 104.36
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $1.27 billion
• Net Margins: 3.73%
• Pretax Margin: -2.37%
• Return on Equity: -36.31%
• Return on Assets: -5.20%

Debt

• Debt-to-Equity Ratio: 5.87
• Current Ratio: 2.03
• Quick Ratio: 2.03

Sales & Book Value

• Annual Sales: $940.92 million
• Price / Sales: 4.24
• Cash Flow: $7.27 per share
• Price / Cash Flow: 11.20
• Book Value: $12.54 per share
• Price / Book: 6.49

Miscellaneous

• Outstanding Shares: 49,020,000
• Free Float: 43,631,000
• Market Cap: $3.99 billion
• Optionable: Optionable
• Beta: 0.40