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Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
3 Free Stock Picks per Day (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
3 Free Stock Picks per Day (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
3 Free Stock Picks per Day (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
3 Free Stock Picks per Day (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
3 Free Stock Picks per Day (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
3 Free Stock Picks per Day (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
3 Free Stock Picks per Day (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
3 Free Stock Picks per Day (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
3 Free Stock Picks per Day (Ad)
Erdogan holds lead in unofficial count in Turkey’s presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NASDAQ:CCOI

Cogent Communications (CCOI) Stock Forecast, Price & News

$63.37
+2.22 (+3.63%)
(As of 05/26/2023 ET)
Compare
Today's Range
$60.95
$63.62
50-Day Range
$59.68
$73.58
52-Week Range
$46.75
$75.00
Volume
269,676 shs
Average Volume
298,341 shs
Market Capitalization
$3.06 billion
P/E Ratio
288.06
Dividend Yield
5.90%
Price Target
$67.33

Cogent Communications MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
6.3% Upside
$67.33 Price Target
Short Interest
Bearish
4.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.63mentions of Cogent Communications in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$4.21 M Sold Last Quarter
Proj. Earnings Growth
405.56%
From $0.36 to $1.82 Per Share

Overall MarketRank

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

2.06 out of 5 stars

Computer And Technology Sector

308th out of 623 stocks

Communication Services, Not Elsewhere Classified Industry

5th out of 10 stocks


CCOI stock logo

About Cogent Communications (NASDAQ:CCOI) Stock

Cogent Communications Holdings, Inc. engages in the provision of Internet access and Internet Protocol (IP) communications solutions. It offers Internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.

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CCOI Stock News Headlines

7 Analysts Have This to Say About Cogent Comms Hldgs
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
4 Analysts Have This to Say About Cogent Comms Hldgs
See More Headlines
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CCOI Company Calendar

Ex-Dividend for 3/24 Dividend
3/09/2023
Dividend Payable
3/24/2023
Last Earnings
5/04/2023
Ex-Dividend for 6/2 Dividend
5/17/2023
Today
5/28/2023
Dividend Payable
6/02/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$67.33
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+6.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$5.15 million
Pretax Margin
5.85%

Debt

Sales & Book Value

Annual Sales
$604.02 million
Cash Flow
$2.18 per share
Book Value
($11.36) per share

Miscellaneous

Free Float
42,794,000
Market Cap
$3.06 billion
Optionable
Optionable
Beta
0.44

Social Links


Key Executives

  • Dave Schaeffer
    Chairman, President & Chief Executive Officer
  • Greg W. Oconnor
    Chief Operating Officer & Vice President
  • Thaddeus Gerard Weed
    CFO, Treasurer & Chief Accounting Officer
  • David Kapp
    Chief Technology Officer & VP-Network Planning
  • Guy Banks
    Vice President-Real Estate













CCOI Stock - 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 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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?

8 Wall Street analysts have issued 12 month target prices for Cogent Communications' shares. Their CCOI share price forecasts range from $43.00 to $93.00. On average, they anticipate the company's stock price to reach $67.33 in the next year. This suggests a possible upside of 6.3% 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 2023?

Cogent Communications' stock was trading at $57.08 at the start of the year. Since then, CCOI stock has increased by 11.0% and is now trading at $63.37.
View the best growth stocks for 2023 here
.

Are investors shorting Cogent Communications?

Cogent Communications saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,790,000 shares, an increase of 6.5% from the April 30th total of 1,680,000 shares. Based on an average trading volume of 313,900 shares, the days-to-cover ratio is currently 5.7 days. Currently, 4.2% of the company's shares 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, August 3rd 2023.
View our CCOI earnings forecast
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) posted its quarterly earnings data on Thursday, May, 4th. The technology company reported $0.13 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 negative trailing twelve-month return on equity of 2.48% and a net margin of 1.68%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $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, May 3rd. Stockholders of record on Thursday, May 18th will be given a dividend of $0.935 per share on Friday, June 2nd. This represents a $3.74 annualized dividend and a yield of 5.90%. The ex-dividend date is Wednesday, May 17th. This is an increase from the stock's previous quarterly dividend of $0.93.
Read our dividend analysis for CCOI
.

Is Cogent Communications a good dividend stock?

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.74 per share and currently has a dividend yield of 6.10%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 1,700.00%. 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 205.49% 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.20%), Vaughan Nelson Investment Management L.P. (4.39%), Renaissance Technologies LLC (3.77%), State Street Corp (3.65%), Brown Advisory Inc. (2.80%) and Copeland Capital Management LLC (1.92%). 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.

What is Cogent Communications' stock price today?

One share of CCOI stock can currently be purchased for approximately $63.37.

How much money does Cogent Communications make?

Cogent Communications (NASDAQ:CCOI) has a market capitalization of $3.06 billion and generates $604.02 million in revenue each year. The technology company earns $5.15 million in net income (profit) each year or $0.22 on an earnings per share basis.

How many employees does Cogent Communications have?

The company employs 1,076 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..
Read More
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 5/28/2023 by MarketBeat.com Staff

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