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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
A gold storm is coming… (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
A gold storm is coming… (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
A gold storm is coming… (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
NASDAQ:CCOI

Cogent Communications - CCOI Stock Forecast, Price & News

$69.15
-0.81 (-1.16%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$67.91
$69.88
50-Day Range
$55.04
$70.40
52-Week Range
$46.75
$72.21
Volume
313,012 shs
Average Volume
266,101 shs
Market Capitalization
$3.32 billion
P/E Ratio
144.07
Dividend Yield
5.20%
Price Target
$65.78

Cogent Communications MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
4.9% Downside
$65.78 Price Target
Short Interest
Healthy
3.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.42mentions of Cogent Communications in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.81 M Sold Last Quarter
Proj. Earnings Growth
733.33%
From $0.27 to $2.25 Per Share

Overall MarketRank

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

2.63 out of 5 stars

Computer And Technology Sector

87th out of 610 stocks

Communication Services, Not Elsewhere Classified Industry

2nd out of 8 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

“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Cogent Communications: A Great 6.3% Telecom Yield
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Expert Ratings for Cogent Comms Hldgs
Jim Simons Likes Cogent, But Can We Trust Its Dividend?
Markets Today: Stocks Climb as Bond Yields Fall
CCOI Cogent Communications Holdings, Inc.
See More Headlines
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CCOI Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Today
2/03/2023
Next Earnings (Confirmed)
2/23/2023
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
1,001
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$65.78
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
-4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$48.19 million
Pretax Margin
6.66%

Debt

Sales & Book Value

Annual Sales
$589.80 million
Cash Flow
$2.72 per share
Book Value
($7.83) per share

Miscellaneous

Free Float
42,729,000
Market Cap
$3.32 billion
Optionable
Optionable
Beta
0.44

Social Links


Key Executives

  • Dave Schaeffer
    Chairman, President & Chief Executive Officer
  • Thaddeus Gerard Weed
    CFO, Treasurer & Chief Accounting Officer
  • Raymond Brad Kummer
    CTO & VP-Optical Transport Engineering
  • Guy Banks
    Vice President-Real Estate
  • Henry W. Kilmer
    Vice President-IP Engineering













CCOI Stock - Frequently Asked Questions

Should I buy or sell Cogent Communications stock right now?

6 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, 1 hold rating and 3 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?

6 brokers have issued 12-month price targets for Cogent Communications' stock. Their CCOI share price forecasts range from $43.00 to $93.00. On average, they anticipate the company's stock price to reach $65.78 in the next year. This suggests that the stock has a possible downside of 4.9%.
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 2023. Since then, CCOI shares have increased by 21.1% and is now trading at $69.15.
View the best growth stocks for 2023 here
.

Are investors shorting Cogent Communications?

Cogent Communications saw a drop in short interest in January. As of January 15th, there was short interest totaling 1,280,000 shares, a drop of 9.2% from the December 31st total of 1,410,000 shares. Based on an average daily trading volume, of 293,900 shares, the short-interest ratio is currently 4.4 days. Currently, 3.0% of the company's stock 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, February 23rd 2023.
View our CCOI earnings forecast
.

How can I listen to Cogent Communications' earnings call?

Cogent Communications will be holding an earnings conference call on Thursday, February 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) issued its quarterly earnings results on Thursday, November, 4th. The technology company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. The technology company had revenue of $147.93 million for the quarter, compared to analysts' expectations of $148.63 million. Cogent Communications had a negative trailing twelve-month return on equity of 4.17% and a net margin of 3.83%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share.

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

Cogent Communications announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Friday, November 18th will be given a dividend of $0.915 per share on Friday, December 2nd. This represents a $3.66 annualized dividend and a yield of 5.29%. The ex-dividend date is Thursday, November 17th. This is an increase from the stock's previous quarterly dividend of $0.91.
Read our dividend analysis for CCOI
.

Is Cogent Communications a good dividend stock?

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.66 per share and currently has a dividend yield of 5.20%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 762.52%. 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 162.67% 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 number of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (4.25%), Copeland Capital Management LLC (1.84%), M&G Investment Management Ltd. (1.42%), Boston Financial Mangement LLC (1.28%), Natixis Advisors L.P. (1.10%) and River Road Asset Management LLC (0.64%). Insiders that own company stock include Blake Bath, 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 $69.15.

How much money does Cogent Communications make?

Cogent Communications (NASDAQ:CCOI) has a market capitalization of $3.32 billion and generates $589.80 million in revenue each year. The technology company earns $48.19 million in net income (profit) each year or $0.48 on an earnings per share basis.

How many employees does Cogent Communications have?

The company employs 1,001 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..
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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 2/4/2023 by MarketBeat.com Staff