Research Analysts Offer Predictions for CCOI Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Cogent Communications to a loss of $0.92 per share from a previous estimate of $0.93, while projecting a full-year 2026 loss of $3.30 per share.
• Analyst sentiment remains cautious: CCOI has a consensus rating of “Hold” and an average price target of $19.55, with recent firms including JPMorgan and Weiss Ratings maintaining negative views.
• Shares opened at $7.36, near their 12-month low of $7.04, while the company’s latest quarter showed a $1.38 EPS profit but revenue fell 4.4% year over year to $235.56 million.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Investment analysts at Zacks Research raised their Q3 2026 earnings per share estimates for shares of Cogent Communications in a research note issued on Friday, October 23rd. Zacks Research analyst Team now expects that the technology company will earn ($0.92) per share for the quarter, up from their prior estimate of ($0.93). The consensus estimate for Cogent Communications' current full-year earnings is ($3.13) per share. Zacks Research also issued estimates for Cogent Communications' FY2026 earnings at ($3.30) EPS, Q1 2027 earnings at ($0.80) EPS, Q2 2027 earnings at ($0.78) EPS, FY2027 earnings at ($2.96) EPS, Q1 2028 earnings at ($0.67) EPS, Q2 2028 earnings at ($0.47) EPS, Q3 2028 earnings at ($0.51) EPS and FY2028 earnings at ($2.18) EPS.

Several other equities analysts have also recently commented on CCOI. JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 target price (down from $22.00) on shares of Cogent Communications in a research report on Wednesday, August 19th. Weiss Ratings reiterated a "sell (d)" rating on shares of Cogent Communications in a research report on Monday, August 17th. Wells Fargo & Company decreased their price objective on shares of Cogent Communications from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, August 7th. UBS Group set a $9.00 price objective on shares of Cogent Communications in a research note on Wednesday, August 19th. Finally, TD Cowen lowered their price objective on shares of Cogent Communications from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $19.55.

Cogent Communications Stock Down 1.6%

Shares of Cogent Communications stock opened at $7.36 on Tuesday. Cogent Communications has a 12-month low of $7.04 and a 12-month high of $44.31. The company has a market capitalization of $376.98 million, a price-to-earnings ratio of -7.67 and a beta of 0.81. The firm's 50-day moving average price is $8.89 and its two-hundred day moving average price is $16.11.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of ($1.00) by $2.38. The company had revenue of $235.56 million during the quarter, compared to analyst estimates of $239.55 million. During the same period last year, the firm earned ($1.21) EPS. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year.

Hedge Funds Weigh In On Cogent Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Cogent Communications during the second quarter worth $26,000. Parallel Advisors LLC lifted its stake in shares of Cogent Communications by 208.6% in the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company's stock valued at $27,000 after acquiring an additional 968 shares during the last quarter. Nykredit A S bought a new position in shares of Cogent Communications in the 2nd quarter valued at $32,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Cogent Communications during the 2nd quarter valued at $53,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Cogent Communications by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,855 shares of the technology company's stock valued at $61,000 after acquiring an additional 3,769 shares in the last quarter. Institutional investors own 92.45% of the company's stock.

Insider Activity at Cogent Communications

In other news, CFO Thaddeus Weed sold 4,850 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.37, for a total value of $45,444.50. Following the sale, the chief financial officer directly owned 193,050 shares in the company, valued at approximately $1,808,878.50. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company's stock.

Cogent Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.08 annualized dividend and a yield of 1.1%. Cogent Communications's payout ratio is presently -8.33%.

Cogent Communications Company Profile

Cogent Communications Holdings, Inc NASDAQ: CCOI is a telecommunications company that provides high-speed Internet connectivity and data transport services to businesses, telecommunications carriers, content providers, government agencies and educational institutions. The company operates a global, facilities-based fiber-optic network and is recognized as a Tier 1 Internet service provider.

Cogent's offerings include dedicated Internet access, IP transit, Ethernet and other private network connectivity services.

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