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

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.
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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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our CCOI earnings forecast.

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.

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.

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.

ETFs with the largest weight of Cogent Communications (NASDAQ:CCOI) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Telecom ETF (XTL), Roundhill IO Digital Infrastructure ETF (BYTE), Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Global SuperDividend US ETF (DIV) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

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.

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).

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.
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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.
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