Q3 EPS Forecast for Cogent Communications Boosted by Analyst

Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Free Report) - Zacks Research lifted their Q3 2025 earnings estimates for Cogent Communications in a research note issued to investors on Wednesday, June 18th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of ($0.68) per share for the quarter, up from their prior 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.

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

A number of other equities analysts have also commented on CCOI. UBS Group cut their price objective on shares of Cogent Communications from $102.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group cut their price objective on shares of Cogent Communications from $71.00 to $62.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Cogent Communications to a "sell" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $75.75.

Cogent Communications Stock Up 0.0%

CCOI traded up $0.01 during trading hours on Monday, reaching $48.16. 597,422 shares of the stock traded hands, compared to its average volume of 511,158. Cogent Communications has a fifty-two week low of $43.65 and a fifty-two week high of $86.76. The company has a debt-to-equity ratio of 13.89, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -12.01 and a beta of 0.72. The firm's fifty day simple moving average is $49.73 and its two-hundred day simple moving average is $63.77.

Cogent Communications Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were given a $1.01 dividend. This is a boost from Cogent Communications's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $4.04 annualized dividend and a yield of 8.39%. Cogent Communications's dividend payout ratio is -100.75%.

Insiders Place Their Bets

In other news, CRO James Bubeck sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $47.50, for a total value of $95,000.00. Following the completion of the sale, the executive now directly owns 55,142 shares of the company's stock, valued at approximately $2,619,245. This represents a 3.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dave Schaeffer sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $48.67, for a total transaction of $973,400.00. Following the completion of the sale, the chief executive officer now directly owns 4,131,721 shares of the company's stock, valued at approximately $201,090,861.07. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 445,500 shares of company stock worth $21,285,069. Insiders own 11.40% of the company's stock.

Institutional Trading of Cogent Communications

A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in shares of Cogent Communications by 1.0% in the 1st quarter. Rhumbline Advisers now owns 124,020 shares of the technology company's stock worth $7,604,000 after acquiring an additional 1,273 shares during the period. Strs Ohio acquired a new position in Cogent Communications in the 1st quarter valued at approximately $104,000. Intech Investment Management LLC increased its stake in Cogent Communications by 20.5% in the 1st quarter. Intech Investment Management LLC now owns 48,748 shares of the technology company's stock valued at $2,989,000 after buying an additional 8,306 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cogent Communications by 23.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,791 shares of the technology company's stock worth $9,919,000 after purchasing an additional 30,630 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Cogent Communications by 10.3% during the 1st quarter. Empowered Funds LLC now owns 5,466 shares of the technology company's stock worth $335,000 after purchasing an additional 510 shares during the last quarter. 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.