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

Key Points

• Cogent Communications is expected to report Q3 2026 results before the market opens on November 5. Analysts forecast a loss of $0.83 per share and revenue of approximately $234.73 million.
• The company remains unprofitable, with analysts projecting full-year EPS of negative $3.13, while revenue in the prior quarter fell 4.4% year over year. The stock recently traded near its 52-week low at $7.64.
• Debt refinancing is a major risk. Moody’s downgraded Cogent’s credit rating to Caa2 over concerns about refinancing debt due in 2027, despite potential long-term benefits from 5G adoption and analyst-implied upside.

Cogent Communications (NASDAQ:CCOI - Get Free Report) is expected to be issuing its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of ($0.83) per share and revenue of $234.73 million for the quarter. Individuals can find conference call details on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, November 5, 2026 at 8:30 AM ET.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of ($1.00) by $2.38. The firm had revenue of $235.56 million during the quarter, compared to analyst estimates of $239.55 million. During the same period in the previous year, the company posted ($1.21) EPS. Cogent Communications's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts expect Cogent Communications to post ($3.13) EPS for the current fiscal year and ($2.76) EPS for the next fiscal year.

Cogent Communications Stock Performance

NASDAQ:CCOI opened at $7.64 on Thursday. Cogent Communications has a 52 week low of $7.04 and a 52 week high of $44.31. The firm's 50-day simple moving average is $8.77 and its 200 day simple moving average is $15.96. The firm has a market cap of $391.29 million, a price-to-earnings ratio of -7.96 and a beta of 0.81.

Cogent Communications Dividend Announcement

The company also recently disclosed 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. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Cogent Communications's dividend payout ratio is presently -8.33%.

Key Headlines Impacting Cogent Communications

Here are the key news stories impacting Cogent Communications this week:

• Positive Sentiment: Analyst price targets imply substantial theoretical upside of approximately 119.8% from recent levels. Zacks noted that improving earnings-estimate revisions could support a recovery, while cautioning that price targets are not always reliable. Can Cogent Climb to the Level Wall Street Analysts Expect?
• Positive Sentiment: Cogent is identified as a potential beneficiary of long-term 5G adoption and rising demand for wireless connectivity, despite near-term macroeconomic challenges. 3 Wireless Stocks Likely to Benefit Despite Macroeconomic Challenges
• Positive Sentiment: Zacks Research made several modest upward adjustments to projected EPS for 2026, 2027 and 2028, suggesting expectations for losses are improving slightly. However, the company is still expected to remain unprofitable, with consensus full-year EPS of approximately negative $3.13.
• Negative Sentiment: Moody’s cut Cogent’s credit rating to Caa2, citing mounting risks around refinancing debt coming due in 2027. The downgrade raises concerns about borrowing costs, liquidity and the company’s ability to refinance on favorable terms, making it the most significant near-term pressure on CCOI. Moody’s Cuts Cogent Rating to Caa2

Insider Transactions at Cogent Communications

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

Wall Street Analyst Weigh In

Several research analysts have commented on CCOI shares. KeyCorp lowered their target price on Cogent Communications from $25.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. UBS Group set a $9.00 target price on shares of Cogent Communications in a report on Wednesday, August 19th. Wall Street Zen upgraded shares of Cogent Communications from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. lowered shares of Cogent Communications from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $22.00 to $9.00 in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada decreased their price target on shares of Cogent Communications from $18.00 to $12.00 and set a "sector perform" rating on the stock in a report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.55.

About Cogent Communications

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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