Zacks Research Issues Positive Forecast for CCOI Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Research analysts at Zacks Research raised their Q3 2025 earnings estimates for shares of Cogent Communications in a research note issued to investors on Wednesday, June 18th. Zacks Research analyst R. Department now forecasts that the technology company will earn ($0.68) per share for the quarter, up from their previous estimate of ($0.69). The consensus estimate for Cogent Communications' current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications' FY2025 earnings at ($3.34) EPS and FY2026 earnings at ($2.45) EPS.

A number of other brokerages also recently issued reports on CCOI. UBS Group decreased their price target on Cogent Communications from $102.00 to $75.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen upgraded Cogent Communications to a "sell" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on Cogent Communications from $71.00 to $62.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $75.75.

Cogent Communications Stock Performance

Shares of CCOI stock opened at $47.45 on Monday. Cogent Communications has a 52-week low of $43.65 and a 52-week high of $86.76. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 13.89. The stock has a market cap of $2.34 billion, a PE ratio of -11.83 and a beta of 0.72. The business has a 50-day simple moving average of $50.07 and a 200-day simple moving average of $64.39.

Cogent Communications (NASDAQ:CCOI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported ($1.09) earnings per share for the quarter, missing analysts' consensus estimates of ($1.05) by ($0.04). The business had revenue of $247.05 million during the quarter, compared to analyst estimates of $250.81 million. Cogent Communications had a negative return on equity of 70.29% and a negative net margin of 18.76%. The firm's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.38) EPS.

Cogent Communications Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Thursday, May 22nd were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend was Thursday, May 22nd. This is an increase from Cogent Communications's previous quarterly dividend of $1.01. Cogent Communications's dividend payout ratio is -100.75%.

Insider Buying and Selling

In other news, CEO Dave Schaeffer sold 80,000 shares of Cogent Communications stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $47.78, for a total value of $3,822,400.00. Following the sale, the chief executive officer now directly owns 3,701,721 shares of the company's stock, valued at $176,868,229.38. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lewis H. Ferguson sold 1,100 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $47.57, for a total value of $52,327.00. Following the completion of the transaction, the director now directly owns 18,904 shares of the company's stock, valued at approximately $899,263.28. This represents a 5.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,500 shares of company stock worth $21,285,069. Insiders own 10.20% of the company's stock.

Hedge Funds Weigh In On Cogent Communications

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Cogent Communications by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,114,596 shares of the technology company's stock worth $394,182,000 after purchasing an additional 43,523 shares in the last quarter. EdgePoint Investment Group Inc. grew its holdings in Cogent Communications by 30.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,012,297 shares of the technology company's stock valued at $123,374,000 after buying an additional 469,028 shares in the last quarter. Brown Advisory Inc. grew its holdings in Cogent Communications by 24.1% in the 4th quarter. Brown Advisory Inc. now owns 1,897,090 shares of the technology company's stock valued at $146,209,000 after buying an additional 368,129 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Cogent Communications by 21.8% in the 4th quarter. Hood River Capital Management LLC now owns 1,436,855 shares of the technology company's stock worth $110,738,000 after acquiring an additional 257,383 shares during the last quarter. Finally, DigitalBridge Group Inc. raised its holdings in shares of Cogent Communications by 246.0% during the 4th quarter. DigitalBridge Group Inc. now owns 907,916 shares of the technology company's stock worth $69,973,000 after acquiring an additional 645,521 shares during the period. 92.45% of the stock is owned by hedge funds and other institutional investors.

Cogent Communications Company Profile

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.

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