Cogent Communications (CCOI) Projected to Post Quarterly Earnings on Thursday

Key Points

• Cogent Communications is expected to announce its Q2 2025 earnings on August 7th, with analysts predicting a loss of ($0.77) per share and revenue of $247.79 million.
• The company reported a negative net margin of 18.76% and a revenue drop of 7.2% year-over-year in the previous quarter, with an earnings miss of ($0.04) against expectations.
• Cogent recently increased its quarterly dividend to $1.01 per share, yielding 8.60%, but has a dividend payout ratio of -100.75%.

Cogent Communications (NASDAQ:CCOI - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Thursday, August 7th. Analysts expect Cogent Communications to post earnings of ($0.77) per share and revenue of $247.79 million for the quarter.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.05) by ($0.04). Cogent Communications had a negative return on equity of 70.29% and a negative net margin of 18.76%. The firm had revenue of $247.05 million for the quarter, compared to the consensus estimate of $250.81 million. During the same period in the previous year, the company posted ($1.38) EPS. Cogent Communications's quarterly revenue was down 7.2% compared to the same quarter last year. 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 0.1%

Shares of CCOI traded up $0.05 during mid-day trading on Monday, hitting $45.19. The company's stock had a trading volume of 191,652 shares, compared to its average volume of 591,906. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.89. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -11.27 and a beta of 0.68. The company's 50-day moving average is $48.44 and its 200-day moving average is $58.93. Cogent Communications has a 52-week low of $43.65 and a 52-week high of $86.76.

Cogent Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 8.9%. This is a boost from Cogent Communications's previous quarterly dividend of $1.01. The ex-dividend date was Thursday, May 22nd. Cogent Communications's payout ratio is presently -100.75%.

Insiders Place Their Bets

In other Cogent Communications news, CEO Dave Schaeffer sold 80,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $47.78, for a total transaction of $3,822,400.00. Following the sale, the chief executive officer directly owned 3,701,721 shares of the company's stock, valued at approximately $176,868,229.38. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thaddeus Gerard Weed sold 4,900 shares of Cogent Communications stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $48.04, for a total value of $235,396.00. Following the transaction, the chief financial officer owned 98,000 shares of the company's stock, valued at $4,707,920. The trade was a 4.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 445,500 shares of company stock valued at $21,285,069. 10.20% of the stock is owned by insiders.

Institutional Trading of Cogent Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Cogent Communications by 26.9% during the first quarter. Goldman Sachs Group Inc. now owns 476,513 shares of the technology company's stock worth $29,215,000 after acquiring an additional 100,969 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cogent Communications by 23.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,791 shares of the technology company's stock worth $9,919,000 after purchasing an additional 30,630 shares during the last quarter. Empowered Funds LLC lifted its stake in Cogent Communications by 10.3% in the 1st quarter. Empowered Funds LLC now owns 5,466 shares of the technology company's stock valued at $335,000 after buying an additional 510 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Cogent Communications in the 1st quarter worth about $202,000. Finally, Strs Ohio purchased a new stake in Cogent Communications during the 1st quarter worth approximately $104,000. Institutional investors and hedge funds own 92.45% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Cogent Communications from $102.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group cut their price target on shares of Cogent Communications from $71.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.75.

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.