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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
The 3-Stock Retirement Blueprint (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Thousands protest in South Korea in support of truckers
Why Your IRA Could Crash on January 16th? (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
The 3-Stock Retirement Blueprint (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Thousands protest in South Korea in support of truckers
Why Your IRA Could Crash on January 16th? (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
The 3-Stock Retirement Blueprint (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Thousands protest in South Korea in support of truckers
Why Your IRA Could Crash on January 16th? (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
NASDAQ:CCOI

Cogent Communications - CCOI Stock Forecast, Price & News

$57.51
-0.13 (-0.23%)
(As of 12/2/2022 12:00 AM ET)
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Compare
Today's Range
$56.03
$57.83
50-Day Range
$49.18
$58.66
52-Week Range
$46.75
$79.23
Volume
289,067 shs
Average Volume
261,577 shs
Market Capitalization
$2.76 billion
P/E Ratio
119.81
Dividend Yield
6.35%
Price Target
$65.00

Cogent Communications MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
13.0% Upside
$65.00 Price Target
Short Interest
Healthy
3.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.18mentions of Cogent Communications in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.40 M Sold Last Quarter
Proj. Earnings Growth
782.14%
From $0.28 to $2.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.24 out of 5 stars

Computer And Technology Sector

6th out of 633 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 10 stocks

CCOI stock logo

About Cogent Communications (NASDAQ:CCOI) Stock

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, 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. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. The company operates 54 data centers and provides facilities to 3,035 buildings and on-net services to 1,817 to multi-tenant office buildings. It serves primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

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CCOI Stock News Headlines

Cogent Communications: A Great 6.3% Telecom Yield
Expert Ratings for Cogent Comms Hldgs
Jim Simons Likes Cogent, But Can We Trust Its Dividend?
Markets Today: Stocks Climb as Bond Yields Fall
CCOI Cogent Communications Holdings, Inc.
Why Cogent Communications Will Likely Outperform AT&T
See More Headlines
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CCOI Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
12/03/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:CCOI
CUSIP
19239V30
Employees
1,001
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$65.00
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+13.0%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$48.19 million
Pretax Margin
6.66%

Debt

Sales & Book Value

Annual Sales
$589.80 million
Cash Flow
$2.77 per share
Book Value
($10.24) per share

Miscellaneous

Free Float
42,729,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
0.37

Social Links


Key Executives

  • Mr. David Schaeffer Ph.D. (Age 66)
    Founder, Chairman, CEO & Pres
    Comp: $356.4k
  • Mr. Raymond Brad Kummer (Age 73)
    CTO & VP of Optical Transport Engineering
    Comp: $303.44k
  • Mr. John B. Chang (Age 50)
    Chief Legal Officer
    Comp: $267.15k
  • Mr. James Bubeck (Age 56)
    Chief Revenue Officer & VP of Global Sales
    Comp: $405.94k
  • Mr. Timothy G. O'Neill (Age 66)
    VP of Field Engineering, Construction and Network Operations
    Comp: $138.78k
  • Mr. Thaddeus G. Weed (Age 61)
    CFO and Sr. VP – Audit & Operations
  • Mr. Vincent Teissier (Age 54)
    Director of Bus. Devel.
  • Mr. Jean-Michel F.F Slagmuylder (Age 59)
    Chief Financial Officer for European Operations
  • Mr. Ried R. Zulager
    Sec.













CCOI Stock - Frequently Asked Questions

Should I buy or sell Cogent Communications stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CCOI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCOI, but not buy additional shares or sell existing shares.
View CCOI analyst ratings
or view top-rated stocks.

What is Cogent Communications' stock price forecast for 2023?

6 Wall Street research analysts have issued 12 month price objectives for Cogent Communications' shares. Their CCOI share price forecasts range from $43.00 to $93.00. On average, they anticipate the company's share price to reach $65.00 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
View analysts price targets for CCOI
or view top-rated stocks among Wall Street analysts.

How have CCOI shares performed in 2022?

Cogent Communications' stock was trading at $73.18 at the beginning of 2022. Since then, CCOI shares have decreased by 21.4% and is now trading at $57.51.
View the best growth stocks for 2022 here
.

Are investors shorting Cogent Communications?

Cogent Communications saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,510,000 shares, a decline of 12.7% from the October 31st total of 1,730,000 shares. Based on an average daily volume of 337,400 shares, the days-to-cover ratio is currently 4.5 days. Approximately 3.5% of the company's stock are sold short.
View Cogent Communications' Short Interest
.

When is Cogent Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CCOI earnings forecast
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) announced its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The technology company earned $147.93 million during the quarter, compared to the consensus estimate of $148.63 million. Cogent Communications had a net margin of 3.83% and a negative trailing twelve-month return on equity of 4.17%. Cogent Communications's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share.

How often does Cogent Communications pay dividends? What is the dividend yield for Cogent Communications?

Cogent Communications announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.915 per share on Friday, December 2nd. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date is Thursday, November 17th. This is a positive change from the stock's previous quarterly dividend of $0.91.
Read our dividend analysis for CCOI
.

Is Cogent Communications a good dividend stock?

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.66 per share and currently has a dividend yield of 6.35%. CCOI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 762.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CCOI will have a dividend payout ratio of 148.18% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCOI.

What is Dave Schaeffer's approval rating as Cogent Communications' CEO?

214 employees have rated Cogent Communications Chief Executive Officer Dave Schaeffer on Glassdoor.com. Dave Schaeffer has an approval rating of 43% among the company's employees. This puts Dave Schaeffer in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Cogent Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cogent Communications investors own include Energy Transfer (ET), Intel (INTC), Dominion Energy (D), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), NVIDIA (NVDA), Ford Motor (F) and Gilead Sciences (GILD).

What is Cogent Communications' stock symbol?

Cogent Communications trades on the NASDAQ under the ticker symbol "CCOI."

Who are Cogent Communications' major shareholders?

Cogent Communications' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.39%), Vanguard Group Inc. (10.77%), Vaughan Nelson Investment Management L.P. (4.09%), Renaissance Technologies LLC (4.07%), State Street Corp (3.63%) and Brown Advisory Inc. (2.64%). Insiders that own company stock include Blake Bath, David Allen Kapp, Henry W Kilmer, James Bubeck, John B Chang, Lewis H Ferguson, Marc Montagner, Mariana Garavaglia, Raymond B Kummer, Sean Robert Wallace, Sheryl Lynn Kennedy, Steven D Brooks, Thaddeus Gerard Weed and Timothy G Oneill.
View institutional ownership trends
.

How do I buy shares of Cogent Communications?

Shares of CCOI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cogent Communications' stock price today?

One share of CCOI stock can currently be purchased for approximately $57.51.

How much money does Cogent Communications make?

Cogent Communications (NASDAQ:CCOI) has a market capitalization of $2.76 billion and generates $589.80 million in revenue each year. The technology company earns $48.19 million in net income (profit) each year or $0.48 on an earnings per share basis.

How many employees does Cogent Communications have?

The company employs 1,001 workers across the globe.

Does Cogent Communications have any subsidiaries?
The following companies are subsidiares of Cogent Communications: Aleron, Allied Riser Communications, C.C.D. COGENT COMMUNICATIONS DEUTSCHLAND GMBH, CCE COGENT INTERNET SERVICES LIMITED, CCM COMMUNICATIONS S. de R.L. de C.V., COGENT ADRIA KOMUNIKACIJE d.o.o., COGENT AFRICAONE LLC, COGENT AFRICATWO LLC, COGENT ALBANIA SH.P.K., COGENT ARGENTINA S.R.L., COGENT BRASIL HOLDINGS LTDA., COGENT BRASIL TELECOMUNICAÇÕES LTDA., COGENT CANADA INC., COGENT COLOMBIA S.A.S., COGENT COMMUNICATIONS (THAILAND) LIMITED, COGENT COMMUNICATIONS AUSTRALIA PTY LTD, COGENT COMMUNICATIONS BELGIUM SPRL, COGENT COMMUNICATIONS BULGARIA EOOD, COGENT COMMUNICATIONS CHILE LIMITADA, COGENT COMMUNICATIONS CZECH REPUBLIC s.r.o., COGENT COMMUNICATIONS DENMARK APS, COGENT COMMUNICATIONS ESPAÑA S.L., COGENT COMMUNICATIONS ESTONIA OÜ, COGENT COMMUNICATIONS FINLAND OY, COGENT COMMUNICATIONS FRANCE SAS, COGENT COMMUNICATIONS GROUP INC., COGENT COMMUNICATIONS HONG KONG LIMITED, COGENT COMMUNICATIONS HUNGARY KFT., COGENT COMMUNICATIONS INC., COGENT COMMUNICATIONS INTERNET SERVICES LLC, COGENT COMMUNICATIONS ITALIA S.R.L., COGENT COMMUNICATIONS KENYA LIMITED, COGENT COMMUNICATIONS MONTENEGRO d.o.o., COGENT COMMUNICATIONS NETHERLANDS B.V., COGENT COMMUNICATIONS OF CALIFORNIA INC., COGENT COMMUNICATIONS OF D.C. INC., COGENT COMMUNICATIONS OF FLORIDA INC., COGENT COMMUNICATIONS OF MARYLAND INC., COGENT COMMUNICATIONS OF TEXAS USA INC., COGENT COMMUNICATIONS POLAND Sp. zo. o., COGENT COMMUNICATIONS PORTUGAL LDA., COGENT COMMUNICATIONS ROMANIA SRL, COGENT COMMUNICATIONS SLOVAKIA s.r.o., COGENT COMMUNICATIONS TANZANIA LIMITED, COGENT COMMUNICATIONS UK LTD, COGENT EUROPE HOLDINGS S.À .R.L., COGENT EUROPE S.À R.L., COGENT HELLAS INTERNET SERVICES SOLE MEMBER LLC, COGENT IH LLC, COGENT INTERNET NIGERIA LTD, COGENT INTERNET PRIVATE LIMITED, COGENT INTERNET SINGAPORE PTE. LTD., COGENT INTERNET SWITZERLAND LLC, COGENT INTERNET d.o.o., COGENT JAPAN G.K., COGENT KOREA LLC (Cogent Korea yuhan hoesa), COGENT LATVIA SIA, COGENT LITHUANIA UAB, COGENT MANAGEMENT BV, COGENT NEW ZEALAND LIMITED, COGENT NORWAY AS, COGENT PERU S.R.L., COGENT RB LLC, COGENT SERB d.o.o. BEOGRAD, COGENT SOUTH AFRICA PTY. LTD., COGENT TAIWAN LIMITED, COGENT TW LLC, COGENT WG LLC, COMPANY FOR INTERNET SERVICES COGENT MACEDONIA DOOEL SKOPJE, FiberCity Networks, Global Access, Netrail, PSINet Ventures, TOV COGENT COMMUNICATIONS UKRAINE, and Î.C.S. COGENT INTERNET MLD S.R.L..
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How can I contact Cogent Communications?

Cogent Communications' mailing address is 2450 NORTH STREET NW, WASHINGTON DC, 20037. The official website for the company is www.cogentco.com. The technology company can be reached via phone at (202) 295-4200, via email at investor.relations@cogentco.com, or via fax at 202-338-8798.

This page (NASDAQ:CCOI) was last updated on 12/4/2022 by MarketBeat.com Staff