Cogent Communications - CCOI Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street 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.
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6 equities research analysts have issued twelve-month price targets for Cogent Communications' stock. Their CCOI share price forecasts range from $43.00 to $93.00. On average, they predict the company's stock price to reach $65.13 in the next twelve months. This suggests a possible upside of 2.9% 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 stock has increased by 10.9% and is now trading at $63.30.
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Cogent Communications saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,320,000 shares, an increase of 12.8% from the February 13th total of 1,170,000 shares. Based on an average daily trading volume, of 283,300 shares, the days-to-cover ratio is presently 4.7 days. Approximately 3.1% of the company's shares are short sold.
View Cogent Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our CCOI earnings forecast.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) announced its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. The technology company earned $147.93 million during the quarter, compared to the consensus estimate of $148.63 million. Cogent Communications had a net margin of 0.86% and a negative trailing twelve-month return on equity of 1.59%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share.

Cogent Communications declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, March 10th will be given a dividend of $0.925 per share on Friday, March 24th. This represents a $3.70 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from the stock's previous quarterly dividend of $0.92.
Read our dividend analysis for CCOI.

ETFs with the largest weight of Cogent Communications (NASDAQ:CCOI) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Roundhill IO Digital Infrastructure ETF (BYTE), Global SuperDividend US ETF (DIV), FIS Biblically Responsible Risk Managed ETF (PRAY), Harbor Dividend Growth Leaders ETF (GDIV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.70 per share and currently has a dividend yield of 5.97%. 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 3,363.94%. 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 226.99% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCOI.

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 trades on the NASDAQ under the ticker symbol "CCOI."

Cogent Communications' stock is owned by many different institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (4.25%), Renaissance Technologies LLC (3.79%), Brown Advisory Inc. (2.58%), Dimensional Fund Advisors LP (1.90%), Copeland Capital Management LLC (1.84%) and Geode Capital Management LLC (1.70%). 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.

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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One share of CCOI stock can currently be purchased for approximately $63.30.

Cogent Communications (NASDAQ:CCOI) has a market capitalization of $3.06 billion and generates $599.60 million in revenue each year. The technology company earns $5.15 million in net income (profit) each year or $0.11 on an earnings per share basis.

The company employs 1,076 workers across the globe.

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.