NASDAQ:CCOI Cogent Communications (CCOI) Stock Price, News & Analysis $68.56 +2.00 (+3.00%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$66.94▼$68.9350-Day Range$51.71▼$69.2852-Week Range$50.80▼$86.00Volume341,836 shsAverage Volume466,845 shsMarket Capitalization$3.36 billionP/E Ratio2.72Dividend Yield5.69%Price Target$73.57 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cogent Communications alerts: Email Address Cogent Communications MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside7.3% Upside$73.57 Price TargetShort InterestBearish10.83% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.25Upright™ Environmental ScoreNews Sentiment1.10Based on 6 Articles This WeekInsider TradingSelling Shares$9.83 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($4.81) to ($3.05) Per ShareSee Full Details Hide Full Details 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.4.25 out of 5 starsComputer And Technology Sector157th out of 612 stocksCommunication Services, Not Elsewhere Classified Industry1st out of 10 stocks 1.3 Analyst's Opinion Consensus RatingCogent Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageCogent Communications has only been the subject of 4 research reports in the past 90 days.Read more about Cogent Communications' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.83% of the float of Cogent Communications has been sold short.Short Interest Ratio / Days to CoverCogent Communications has a short interest ratio ("days to cover") of 9.Change versus previous monthShort interest in Cogent Communications has recently increased by 1.27%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend LeadershipCogent Communications is a leading dividend payer. It pays a dividend yield of 6.03%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCogent Communications has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Cogent Communications is 15.45%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about Cogent Communications' dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCogent Communications has received a 23.14% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Fixed corporate fiber optics internet provision", "Fixed consumer fiber optics internet provision", and "VPN software" products. See details.Environmental SustainabilityThe Environmental Impact score for Cogent Communications is -1.25. Previous Next 3.9 News and Social Media Coverage News SentimentCogent Communications has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Cogent Communications this week, compared to 4 articles on an average week.Search Interest16 people have searched for CCOI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows6 people have added Cogent Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cogent Communications insiders have sold 1,768.09% more of their company's stock than they have bought. Specifically, they have bought $526,100.00 in company stock and sold $9,828,016.00 in company stock.Percentage Held by Insiders11.40% of the stock of Cogent Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions92.45% of the stock of Cogent Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Cogent Communications' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Cogent Communications are expected to grow in the coming year, from ($4.81) to ($3.05) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cogent Communications is 2.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.95.Price to Earnings Ratio vs. SectorThe P/E ratio of Cogent Communications is 2.72, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 253.64.Price to Book Value per Share RatioCogent Communications has a P/B Ratio of 5.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Cogent Communications' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIWe’re in a code red crisis and 99% of Americans are clueless Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES! And how YOU can prepare for the next 2024 BOOM here! 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.Read More CCOI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CCOI Stock News HeadlinesJuly 25 at 8:30 AM | prnewswire.comCogent Communications CEO to Present at Four Upcoming ConferencesJuly 17, 2024 | prnewswire.comCogent Communications to Host Second Quarter 2024 Earnings Call on August 8, 2024July 26, 2024 | DTI (Ad)We’re in a code red crisis and 99% of Americans are clueless Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES! July 17, 2024 | americanbankingnews.comShort Interest in Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Increases By 7.0%July 4, 2024 | seekingalpha.comCogent Communications: Enjoy Attractive Dividend Yield While The Business Grows SteadilyJuly 4, 2024 | seekingalpha.comCogent Communications: Enjoy Attractive Dividend Yield While The Business Grows SteadilyJune 10, 2024 | investorplace.comFast Movers: 3 Stocks to Catch Before They SoarJune 5, 2024 | prnewswire.comCogent Launches Notes OfferingJuly 26, 2024 | DTI (Ad)We’re in a code red crisis and 99% of Americans are clueless Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES! May 23, 2024 | finance.yahoo.comDirector Lewis Ferguson Sells 2,000 Shares of Cogent Communications Holdings Inc (CCOI)May 16, 2024 | markets.businessinsider.comBank of America Securities Reaffirms Their Hold Rating on Cogent Comms (CCOI)May 15, 2024 | finance.yahoo.comInsider Sale: Dave Schaeffer Sells 50,000 Shares of Cogent Communications Holdings Inc (CCOI)May 13, 2024 | markets.businessinsider.comThe Analyst Verdict: Cogent Comms Hldgs In The Eyes Of 8 ExpertsMay 10, 2024 | finance.yahoo.comCogent Communications Holdings Inc (CCOI) Q1 2024 Earnings: Misses Analyst Forecasts Amidst ...May 10, 2024 | finance.yahoo.comCogent Communications Holdings, Inc. (NASDAQ:CCOI) Q1 2024 Earnings Call TranscriptMay 10, 2024 | investorplace.comBuffett's Understudies: 3 Stocks The Oracle's Protégés Are Betting Big OnMay 10, 2024 | finance.yahoo.comCogent Communications Holdings First Quarter 2024 Earnings: Misses ExpectationsMay 9, 2024 | msn.comCogent Communications raises by 1% to $0.975 dividendSee More Headlines Receive CCOI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cogent Communications and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/09/2024Ex-Dividend for 6/7 Dividend5/22/2024Dividend Payable6/07/2024Today7/26/2024Next Earnings (Confirmed)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Communication services, not elsewhere classified Sub-IndustryAlternative Carriers Current SymbolNASDAQ:CCOI CUSIP19239V30 CIK1158324 Webwww.cogentco.com Phone(202) 295-4200Fax202-338-8798Employees1,947Year Founded1999Price Target and Rating Average Stock Price Target$73.57 High Stock Price Target$82.00 Low Stock Price Target$56.00 Potential Upside/Downside+7.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$25.24 Trailing P/E Ratio2.72 Forward P/E RatioN/A P/E GrowthN/ANet Income$1.27 billion Net Margins114.09% Pretax Margin106.73% Return on Equity-24.63% Return on Assets-4.13% Debt Debt-to-Equity Ratio2.80 Current Ratio1.12 Quick Ratio1.12 Sales & Book Value Annual Sales$940.92 million Price / Sales3.57 Cash Flow$7.52 per share Price / Cash Flow9.12 Book Value$12.54 per share Price / Book5.47Miscellaneous Outstanding Shares49,020,000Free Float43,435,000Market Cap$3.36 billion OptionableOptionable Beta0.41 Social Links The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. David Schaeffer Ph.D. (Age 68)Founder, Chairman, CEO & President Comp: $509.92kMr. Thaddeus G. Weed (Age 63)VP, CFO & Treasurer Comp: $411.78kMr. John B. Chang (Age 52)Chief Legal Officer & General Counsel Comp: $338.78kMr. James Bubeck (Age 58)Chief Revenue Officer & VP of Global Sales Comp: $431.22kMr. David Allen Kapp (Age 47)VP of Network Planning & CTO Mr. Vincent Teissier (Age 56)Director of Business Development Mr. Jean-Michel F.F Slagmuylder (Age 61)Chief Financial Officer for European Operations Comp: $313.58kMr. Ried R. ZulagerSecretaryMore ExecutivesKey CompetitorsIridium CommunicationsNASDAQ:IRDMEchoStarNASDAQ:SATSAST SpaceMobileNASDAQ:ASTSCalixNYSE:CALXGlobalstarNYSE:GSATView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 786 shares on 7/26/2024Ownership: 1.243%Skylands Capital LLCBought 34,000 shares on 7/26/2024Ownership: 0.238%Capital Insight Partners LLCBought 483 shares on 7/25/2024Ownership: 0.128%Access Financial Services Inc.Sold 281 shares on 7/25/2024Ownership: 0.026%Raymond James Trust N.A.Sold 431 shares on 7/25/2024Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions CCOI Stock Analysis - Frequently Asked Questions How have CCOI shares performed this year? Cogent Communications' stock was trading at $76.06 on January 1st, 2024. Since then, CCOI stock has decreased by 9.9% and is now trading at $68.56. View the best growth stocks for 2024 here. How were Cogent Communications' earnings last quarter? Cogent Communications Holdings, Inc. (NASDAQ:CCOI) released its quarterly earnings results on Thursday, May, 9th. The technology company reported ($1.29) earnings per share for the quarter, missing analysts' consensus estimates of ($1.10) by $0.19. The technology company earned $266.17 million during the quarter, compared to analyst estimates of $274.13 million. Cogent Communications had a net margin of 114.09% and a negative trailing twelve-month return on equity of 24.63%. 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. Does Cogent Communications have any subsidiaries? The following companies are subsidiaries of Cogent Communications: Aleron, Global Access, FiberCity Networks, PSINet Ventures, Allied Riser Communications, Netrail, C.C.D. COGENT COMMUNICATIONS DEUTSCHLAND GMBH, and more. Who are Cogent Communications' major shareholders? Top institutional investors of Cogent Communications include Bank of New York Mellon Corp (1.24%), Raymond James & Associates (1.12%), M&G Plc (0.81%) and Ceredex Value Advisors LLC (0.44%). Insiders that own company stock include Dave Schaeffer, Thaddeus Gerard Weed, Marc Montagner, James Bubeck, Raymond B Kummer, Henry W Kilmer, John B Chang, Steven D Brooks, Lewis H Ferguson, David Allen Kapp, Blake Bath, Sheryl Lynn Kennedy and Sean Robert Wallace. 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. What other stocks do shareholders of Cogent Communications own? Based on aggregate information from My MarketBeat watchlists, some other companies that Cogent Communications investors own include Energy Transfer (ET), Intel (INTC), Dominion Energy (D), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD) and Enterprise Products Partners (EPD). This page (NASDAQ:CCOI) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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