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S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Marketbeat’s AI-powered tools for investors
Are blue chip stocks a good investment?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Power Play: GE's game-changing technology for EVs and grids
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Is Beyond an overlooked e-commerce winner?
Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled

Cogent Communications Stock Price, News & Analysis (NASDAQ:CCOI)

$63.86
-0.07 (-0.11%)
(As of 11/30/2023 ET)
Compare
Today's Range
$63.42
$64.72
50-Day Range
$59.37
$68.24
52-Week Range
$54.57
$75.00
Volume
232,962 shs
Average Volume
329,427 shs
Market Capitalization
$3.10 billion
P/E Ratio
2.83
Dividend Yield
5.98%
Price Target
$75.38

Cogent Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
18.0% Upside
$75.38 Price Target
Short Interest
Bearish
3.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
-0.06mentions of Cogent Communications in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$7.45 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.36) to ($2.64) Per Share

Overall MarketRank

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

2.34 out of 5 stars

Computer And Technology Sector

197th out of 601 stocks

Communication Services, Not Elsewhere Classified Industry

4th out of 9 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, 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. 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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KeyBanc Reaffirms Their Buy Rating on Cogent Comms (CCOI)
KeyBanc Keeps Their Buy Rating on Cogent Comms (CCOI)
Analyst Expectations for Cogent Comms Hldgs's Future
See More Headlines
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Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 9/8 Dividend
8/23/2023
Dividend Payable
9/08/2023
Ex-Dividend for 12/8 Dividend
11/22/2023
Today
11/30/2023
Dividend Payable
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:CCOI
CUSIP
19239V30
Employees
1,076
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$75.38
High Stock Price Target
$85.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+18.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$5.15 million
Pretax Margin
128.15%

Debt

Sales & Book Value

Annual Sales
$599.60 million
Cash Flow
$2.10 per share
Book Value
$9.09 per share

Miscellaneous

Free Float
43,081,000
Market Cap
$3.10 billion
Optionable
Optionable
Beta
0.43

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CCOI Stock Analysis - Frequently Asked Questions

Should I buy or sell Cogent Communications stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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?

8 brokerages have issued 1 year target prices for Cogent Communications' stock. Their CCOI share price targets range from $60.00 to $85.00. On average, they expect the company's share price to reach $75.38 in the next twelve months. This suggests a possible upside of 18.0% 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 2023?

Cogent Communications' stock was trading at $57.08 at the beginning of the year. Since then, CCOI shares have increased by 11.9% and is now trading at $63.86.
View the best growth stocks for 2023 here
.

Are investors shorting Cogent Communications?

Cogent Communications saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,710,000 shares, an increase of 11.8% from the October 31st total of 1,530,000 shares. Based on an average daily trading volume, of 352,500 shares, the short-interest ratio is currently 4.9 days. Approximately 3.9% of the shares of the stock are short sold.
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 22nd 2024.
View our CCOI earnings forecast
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) released its quarterly earnings data on Thursday, May, 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The technology company earned $116.10 million during the quarter, compared to analysts' expectations of $153.79 million. Cogent Communications had a net margin of 130.87% and a negative trailing twelve-month return on equity of 2.48%. Cogent Communications's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share.

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

Cogent Communications declared a quarterly dividend on Wednesday, November 1st. Investors of record on Friday, November 24th will be given a dividend of $0.955 per share on Friday, December 8th. This represents a $3.82 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Wednesday, November 22nd. This is a boost from the stock's previous quarterly dividend of $0.95.
Read our dividend analysis for CCOI
.

Is Cogent Communications a good dividend stock?

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.82 per share and currently has a dividend yield of 5.95%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.90%. 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 variety of institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (2.78%), Harspring Capital Management LLC (2.01%), Copeland Capital Management LLC (1.98%), FMR LLC (1.45%), Bank of New York Mellon Corp (1.43%) and Invesco Ltd. (1.22%). Insiders that own company stock include Blake Bath, Dave Schaeffer, 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.

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 12/1/2023 by MarketBeat.com Staff

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