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

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Zacks Research decreased their FY2026 earnings per share (EPS) estimates for shares of Cogent Communications in a report released on Wednesday, April 23rd. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of ($2.06) per share for the year, down from their prior forecast of ($2.05). The consensus estimate for Cogent Communications' current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications' FY2027 earnings at ($0.04) EPS.

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 for the quarter, beating analysts' consensus estimates of ($1.22) by $0.31. The business had revenue of $252.29 million during the quarter, compared to analyst estimates of $258.49 million. Cogent Communications had a negative return on equity of 36.31% and a net margin of 3.73%.

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

Cogent Communications Stock Up 0.7 %

NASDAQ CCOI traded up $0.38 on Friday, reaching $55.06. 131,450 shares of the stock traded hands, compared to its average volume of 457,447. The company has a debt-to-equity ratio of 5.87, a quick ratio of 2.03 and a current ratio of 2.03. The company has a fifty day moving average price of $62.67 and a 200-day moving average price of $73.13. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 70.59 and a beta of 0.69. Cogent Communications has a 12 month low of $47.54 and a 12 month high of $86.76.

Hedge Funds Weigh In On Cogent Communications

Large investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. acquired a new position in Cogent Communications during the fourth quarter worth $46,000. Itau Unibanco Holding S.A. raised its position in shares of Cogent Communications by 58.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 618 shares of the technology company's stock valued at $48,000 after buying an additional 229 shares during the last quarter. Blue Trust Inc. raised its position in shares of Cogent Communications by 53.8% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the technology company's stock valued at $47,000 after buying an additional 218 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of Cogent Communications in the fourth quarter valued at about $63,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Cogent Communications by 132.1% in the 4th quarter. Jones Financial Companies Lllp now owns 875 shares of the technology company's stock valued at $67,000 after acquiring an additional 498 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cogent Communications news, VP Henry W. Kilmer sold 2,400 shares of Cogent Communications stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $72.57, for a total transaction of $174,168.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO James Bubeck sold 2,000 shares of Cogent Communications stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $71.67, for a total transaction of $143,340.00. Following the sale, the executive now owns 57,142 shares of the company's stock, valued at approximately $4,095,367.14. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,681 shares of company stock worth $840,878 over the last 90 days. 11.40% of the stock is currently owned by corporate insiders.

Cogent Communications Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 13th were issued a $1.005 dividend. This represents a $4.02 annualized dividend and a yield of 7.30%. The ex-dividend date was Thursday, March 13th. This is an increase from Cogent Communications's previous quarterly dividend of $1.00. Cogent Communications's dividend payout ratio (DPR) is currently -93.49%.

About Cogent Communications

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.