Cogent Communications (CCOI) Projected to Post Earnings on Thursday

Cogent Communications (NASDAQ:CCOI - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.88) per share and revenue of $250.81 million for the quarter.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last issued its earnings results on Thursday, February 27th. The technology company reported ($0.91) earnings per share (EPS) for the quarter, topping 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 company had revenue of $252.29 million for the quarter, compared to analysts' expectations of $258.49 million. On average, analysts expect Cogent Communications to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Cogent Communications Stock Up 3.2 %

Shares of NASDAQ:CCOI traded up $1.75 during trading hours on Friday, hitting $56.46. The company's stock had a trading volume of 582,862 shares, compared to its average volume of 461,142. The firm's fifty day moving average price is $61.21 and its 200 day moving average price is $72.57. Cogent Communications has a 52 week low of $47.54 and a 52 week high of $86.76. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 72.38 and a beta of 0.69. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 13th were paid a $1.005 dividend. This is an increase from Cogent Communications's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $4.02 dividend on an annualized basis and a yield of 7.12%. Cogent Communications's payout ratio is -93.49%.

Insider Transactions at Cogent Communications

In other news, CFO Thaddeus Gerard Weed sold 4,900 shares of Cogent Communications stock in a transaction on Monday, March 3rd. The shares were 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. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Henry W. Kilmer sold 2,400 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $72.57, for a total value of $174,168.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,681 shares of company stock worth $840,878. Insiders own 11.40% of the company's stock.

Wall Street Analyst Weigh In

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

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.