Zacks Research Issues Positive Forecast for CCOI Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Analysts at Zacks Research raised their Q1 2025 EPS estimates for Cogent Communications in a research report issued on Tuesday, April 22nd. Zacks Research analyst R. Department now expects that the technology company will post earnings of ($1.02) per share for the quarter, up from their previous forecast of ($1.03). The consensus estimate for Cogent Communications' current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications' Q2 2025 earnings at ($0.90) EPS, Q3 2025 earnings at ($0.69) EPS, Q4 2025 earnings at ($0.69) EPS, FY2025 earnings at ($3.29) EPS, Q1 2026 earnings at ($0.57) EPS, Q2 2026 earnings at ($0.70) EPS, Q3 2026 earnings at ($0.41) EPS, Q4 2026 earnings at ($0.37) EPS, FY2026 earnings at ($2.05) EPS, Q1 2027 earnings at ($0.35) EPS and FY2027 earnings at ($0.03) EPS.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last released its earnings results on Thursday, February 27th. The technology company reported ($0.91) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.22) by $0.31. The company had revenue of $252.29 million for the quarter, compared to analysts' expectations 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 upgraded shares of 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Cogent Communications presently has an average rating of "Hold" and a consensus target price of $80.25.

Cogent Communications Price Performance

Shares of NASDAQ CCOI traded up $1.43 during trading on Thursday, hitting $55.05. 178,871 shares of the company were exchanged, compared to its average volume of 457,458. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03. Cogent Communications has a 1 year low of $47.54 and a 1 year high of $86.76. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 70.59 and a beta of 0.69. The firm's fifty day moving average price is $63.20 and its 200 day moving average price is $73.26.

Cogent Communications Increases Dividend

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

Insider Activity

In other Cogent Communications news, Director Lewis H. Ferguson sold 956 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $69.36, for a total transaction of $66,308.16. Following the sale, the director now directly owns 18,652 shares of the company's stock, valued at $1,293,702.72. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Henry W. Kilmer sold 2,400 shares of the business's 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 transaction, the vice president now directly owns 41,000 shares of the company's stock, valued at approximately $2,975,370. This represents a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,681 shares of company stock worth $840,878 over the last three months. 11.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Cogent Communications

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Cogent Communications by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,114,596 shares of the technology company's stock valued at $394,182,000 after purchasing an additional 43,523 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Cogent Communications by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,344 shares of the technology company's stock worth $39,255,000 after buying an additional 11,858 shares during the period. Alliancebernstein L.P. boosted its holdings in Cogent Communications by 0.6% in the fourth quarter. Alliancebernstein L.P. now owns 52,770 shares of the technology company's stock valued at $4,067,000 after acquiring an additional 327 shares during the last quarter. Norges Bank acquired a new stake in Cogent Communications during the fourth quarter worth about $4,994,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Cogent Communications by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 206,196 shares of the technology company's stock worth $15,892,000 after purchasing an additional 6,235 shares during the period. 92.45% of the stock is owned by institutional investors and hedge funds.

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.