What is Zacks Research's Estimate for CCOI FY2026 Earnings?

Key Points

• Zacks Research raised its FY2026 EPS estimate for Cogent Communications (NASDAQ: CCOI) to a loss of $3.31 per share, from a prior estimate of a $3.32 loss.
• The revised forecast remains below the broader consensus estimate of a $3.01 per-share loss for the full year. Zacks also projects FY2027 and FY2028 losses of $2.97 and $2.19 per share, respectively.
• Cogent’s latest quarterly results exceeded expectations, reporting EPS of $1.38 versus consensus of a $1.00 loss, although revenue declined 4.4% year over year to $235.56 million.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Investment analysts at Zacks Research raised their FY2026 earnings per share (EPS) estimates for shares of Cogent Communications in a research report issued on Friday, September 18th. Zacks Research analyst Team now anticipates that the technology company will earn ($3.31) per share for the year, up from their previous forecast of ($3.32). The consensus estimate for Cogent Communications' current full-year earnings is ($3.01) per share. Zacks Research also issued estimates for Cogent Communications' Q4 2026 earnings at ($0.75) EPS, Q3 2027 earnings at ($0.65) EPS, Q4 2027 earnings at ($0.72) EPS, FY2027 earnings at ($2.97) EPS, Q1 2028 earnings at ($0.68) EPS, Q2 2028 earnings at ($0.48) EPS and FY2028 earnings at ($2.19) EPS.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of ($1.00) by $2.38. The business had revenue of $235.56 million for the quarter, compared to analyst estimates of $239.55 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The company's revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.21) earnings per share.

Several other equities research analysts also recently commented on CCOI. 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 note on Friday, August 7th. Royal Bank Of Canada reduced their target price on Cogent Communications from $18.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, August 13th. Citigroup lowered their price target on Cogent Communications from $20.00 to $11.50 and set a "neutral" rating for the company in a research report on Thursday, August 13th. KeyCorp dropped their price target on Cogent Communications from $25.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Finally, UBS Group set a $9.00 price objective on Cogent Communications in a research note on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Cogent Communications presently has an average rating of "Hold" and an average target price of $19.55.

Cogent Communications Stock Up 3.1%

CCOI stock opened at $9.29 on Tuesday. The stock has a market capitalization of $475.83 million, a PE ratio of -9.68 and a beta of 0.77. Cogent Communications has a 52 week low of $8.56 and a 52 week high of $45.69. The firm has a 50 day moving average of $10.76 and a 200 day moving average of $15.53.

Cogent Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 21st. Cogent Communications's dividend payout ratio is presently -8.33%.

Insiders Place Their Bets

In other Cogent Communications news, CFO Thaddeus Weed sold 4,850 shares of Cogent Communications stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.37, for a total transaction of $45,444.50. Following the completion of the transaction, the chief financial officer 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 filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company's stock.

Institutional Trading of Cogent Communications

Several hedge funds and other institutional investors have recently bought and sold shares of CCOI. WINTON GROUP Ltd lifted its holdings in Cogent Communications by 27.0% in the second quarter. WINTON GROUP Ltd now owns 89,009 shares of the technology company's stock valued at $1,235,000 after acquiring an additional 18,916 shares during the period. Engineers Gate Manager LP lifted its stake in shares of Cogent Communications by 43.2% in the 2nd quarter. Engineers Gate Manager LP now owns 41,960 shares of the technology company's stock valued at $582,000 after purchasing an additional 12,650 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Cogent Communications in the 2nd quarter valued at $53,000. Squarepoint Ops LLC boosted its holdings in Cogent Communications by 341.1% during the second quarter. Squarepoint Ops LLC now owns 226,035 shares of the technology company's stock worth $3,137,000 after buying an additional 174,787 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Cogent Communications during the second quarter valued at $32,000. 92.45% of the stock is owned by institutional investors and hedge funds.

About Cogent Communications

Cogent Communications Holdings, Inc is a telecommunications company that provides high-speed Internet connectivity and other communications services to businesses, service providers and other organizations. Through its wholly owned subsidiary, Cogent Communications, the company operates a global, facilities-based network designed to deliver reliable data transport and Internet access.

Cogent's primary services include dedicated Internet access, IP transit, Ethernet transport and colocation.

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