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Cogent Communications (CCOI) Stock Price, News & Analysis

$63.00
-2.29 (-3.51%)
(As of 05:21 PM ET)
Today's Range
$62.90
$65.13
50-Day Range
$61.94
$80.91
52-Week Range
$57.35
$86.00
Volume
607,401 shs
Average Volume
415,101 shs
Market Capitalization
$2.99 billion
P/E Ratio
2.36
Dividend Yield
6.13%
Price Target
$77.57

Cogent Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
22.3% Upside
$77.57 Price Target
Short Interest
Healthy
6.06% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
1.57mentions of Cogent Communications in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$4.67 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.35) to ($2.32) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Computer And Technology Sector

184th out of 1,800 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 27 stocks

CCOI stock logo

About Cogent Communications Stock (NASDAQ:CCOI)

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. 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. 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.

CCOI Stock Price History

CCOI Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 4/9 Dividend
3/14/2024
Dividend Payable
4/09/2024
Today
4/12/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:CCOI
CUSIP
19239V30
Employees
1,947
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$77.57
High Stock Price Target
$88.00
Low Stock Price Target
$67.00
Potential Upside/Downside
+19.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$1.27 billion
Pretax Margin
129.60%

Debt

Sales & Book Value

Annual Sales
$940.92 million
Cash Flow
$7.13 per share
Book Value
$12.54 per share

Miscellaneous

Free Float
42,019,000
Market Cap
$3.08 billion
Optionable
Optionable
Beta
0.39

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CCOI Stock Analysis - Frequently Asked Questions

Should I buy or sell Cogent Communications stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CCOI shares.
View CCOI analyst ratings
or view top-rated stocks.

What is Cogent Communications' stock price target for 2024?

6 equities research analysts have issued 1-year price targets for Cogent Communications' stock. Their CCOI share price targets range from $67.00 to $88.00. On average, they expect the company's share price to reach $77.57 in the next year. This suggests a possible upside of 22.3% 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 2024?

Cogent Communications' stock was trading at $76.06 at the beginning of 2024. Since then, CCOI shares have decreased by 16.6% and is now trading at $63.42.
View the best growth stocks for 2024 here
.

Are investors shorting Cogent Communications?

Cogent Communications saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,570,000 shares, a decrease of 17.9% from the March 15th total of 3,130,000 shares. Based on an average daily volume of 416,600 shares, the days-to-cover ratio is currently 6.2 days. Approximately 6.1% of the company's shares 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, May 2nd 2024.
View our CCOI earnings forecast
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) issued its earnings results on Thursday, February, 29th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.95) by $0.79. The technology company earned $272.10 million during the quarter, compared to the consensus estimate of $275.82 million. Cogent Communications had a net margin of 135.34% and a negative trailing twelve-month return on equity of 23.66%.

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

Cogent Communications declared a quarterly dividend on Wednesday, February 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.965 per share on Tuesday, April 9th. This represents a $3.86 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.96.
Read our dividend analysis for CCOI
.

Is Cogent Communications a good dividend stock?

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.86 per share and currently has a dividend yield of 5.98%. 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 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 14.43%. This payout ratio is at a healthy, sustainable level, below 75%.
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).

Who are Cogent Communications' major shareholders?

Cogent Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include NBC Securities Inc. (0.11%), Prairieview Wealth Partners LLC (0.02%), First Hawaiian Bank (0.01%) and BTC Capital Management Inc. (0.01%). Insiders that own company stock include Henry W Kilmer, Lewis H Ferguson, Raymond B Kummer, Sheryl Lynn Kennedy, James Bubeck, Mariana Garavaglia, Marc Montagner, Blake Bath, Timothy G Oneill, Dave Schaeffer, Sean Robert Wallace, John B Chang, Thaddeus Gerard Weed, Steven D Brooks and David Allen Kapp.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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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This page (NASDAQ:CCOI) was last updated on 4/12/2024 by MarketBeat.com Staff

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