S&P 500   3,768.25
DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:CCOI

Cogent Communications Stock Forecast, Price & News

$59.54
-0.81 (-1.34 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$59.27
Now: $59.54
$60.61
50-Day Range
$57.06
MA: $59.20
$61.97
52-Week Range
$53.20
Now: $59.54
$92.96
Volume225,920 shs
Average Volume361,081 shs
Market Capitalization$2.81 billion
P/E Ratio138.47
Dividend Yield4.91%
Beta0.1
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, Australia, and Latin America. The company offers on-net Internet access and private network services to law firms, financial services firms, advertising and marketing firms, other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, content delivery network companies, and commercial content and application service providers. It also provides on-net services in carrier-neutral data centers, cogent controlled data centers, and single-tenant office buildings. In addition, the company offers off-net services to businesses that are connected to its network primarily by means of Â'last mile' access service lines obtained from other carriers primarily in the form of metropolitan Ethernet circuits. Further, it provides Internet connectivity to customers that are not located in buildings directly connected to its network; and offers voice services. The company operates 54 data centers and provides facilities to 2,801 buildings and on-net services to 1,767 to multi-tenant office buildings. 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.
Cogent Communications logo

MarketRank

Overall MarketRank

2.32 out of 5 stars

Computer And Technology Sector

17th out of 1,259 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 27 stocks

Analyst Opinion: 3.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:CCOI
CUSIP19239V30
Phone202-295-4200
Employees1,110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$546.16 million
Cash Flow$2.48 per share
Book Value($4.35) per share

Profitability

Net Income$37.52 million

Miscellaneous

Market Cap$2.81 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$59.54
-0.81 (-1.34 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

How has Cogent Communications' stock price been impacted by Coronavirus?

Cogent Communications' stock was trading at $84.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CCOI stock has decreased by 29.2% and is now trading at $59.54.
View which stocks have been most impacted by COVID-19
.

Is Cogent Communications a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Cogent Communications stock. 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 analyst ratings for Cogent Communications
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Cogent Communications?

Wall Street analysts have given Cogent Communications a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cogent Communications wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cogent Communications' next earnings date?

Cogent Communications is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Cogent Communications
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) announced its quarterly earnings data on Thursday, November, 5th. The technology company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.33. The technology company had revenue of $142.30 million for the quarter, compared to analysts' expectations of $142.71 million. Cogent Communications had a net margin of 3.60% and a negative return on equity of 17.36%. The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS.
View Cogent Communications' earnings history
.

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

Cogent Communications announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.73 per share on Friday, December 4th. This represents a $2.92 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Thursday, November 19th. This is an increase from Cogent Communications's previous quarterly dividend of $0.71.
View Cogent Communications' dividend history
.

Is Cogent Communications a good dividend stock?

Cogent Communications pays an annual dividend of $2.92 per share and currently has a dividend yield of 4.91%. CCOI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Cogent Communications has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Cogent Communications is 384.21%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Cogent Communications will have a dividend payout ratio of 275.47% in the coming year. This indicates that Cogent Communications may not be able to sustain their current dividend.
View Cogent Communications' dividend history.

What price target have analysts set for CCOI?

7 brokers have issued twelve-month target prices for Cogent Communications' stock. Their forecasts range from $63.00 to $95.00. On average, they expect Cogent Communications' share price to reach $78.50 in the next year. This suggests a possible upside of 31.8% from the stock's current price.
View analysts' price targets for Cogent Communications
or view Wall Street analyst' top-rated stocks.

Are investors shorting Cogent Communications?

Cogent Communications saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,550,000 shares, an increase of 25.0% from the December 15th total of 1,240,000 shares. Based on an average trading volume of 416,600 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.7% of the company's stock are sold short.
View Cogent Communications' Short Interest
.

Who are some of Cogent Communications' key competitors?

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' key executives?

Cogent Communications' management team includes the following people:
  • Mr. David Schaeffer, Founder, Chairman, CEO & Pres (Age 64, Pay $179.57k)
  • Mr. Thaddeus G. Weed, Sr. VP – Audit & Operations (Age 59, Pay $321.8k)
  • Mr. Raymond Brad Kummer, CTO & VP of Optical Transport Engineering (Age 71, Pay $291.49k)
  • Mr. James Bubeck, Chief Revenue Officer & VP of Global Sales (Age 54, Pay $345.15k)
  • Mr. Timothy G. O'Neill, VP of Field Engineering, Construction and Network Operations (Age 64, Pay $311.08k)
  • Mr. Sean Robert Wallace, VP, CFO & Treasurer (Age 58)
  • Mr. John B. Chang, Chief Legal Officer (Age 48)
  • Mr. Vincent Teissier, Director of Bus. Devel. (Age 52)
  • Mr. Jean-Michel F.F Slagmuylder, Chief Financial Officer for European Operations (Age 57)
  • Mr. Ried R. Zulager, Sec.

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 institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Access Financial Services Inc. (0.06%), Marotta Asset Management (0.01%), Crossmark Global Holdings Inc. (0.01%) and 6 Meridian (0.01%). Company insiders that own Cogent Communications stock include Blake Bath, Henry W Kilmer, James Bubeck, John B Chang, Lewis H Ferguson, Marc Montagner, Mike Slessor, Raymond B Kummer, Richard Liebhaber, Sheryl Lynn Kennedy, Thaddeus Gerard Weed and Timothy G Oneill.
View institutional ownership trends for Cogent Communications
.

Which institutional investors are selling Cogent Communications stock?

CCOI stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Marotta Asset Management, and Access Financial Services Inc.. Company insiders that have sold Cogent Communications company stock in the last year include Blake Bath, Henry W Kilmer, James Bubeck, John B Chang, Lewis H Ferguson, Marc Montagner, Sheryl Lynn Kennedy, and Timothy G Oneill.
View insider buying and selling activity for Cogent Communications
or view top insider-selling stocks.

Which institutional investors are buying Cogent Communications stock?

CCOI stock was acquired by a variety of institutional investors in the last quarter, including 6 Meridian.
View insider buying and selling activity for Cogent Communications
or or view top insider-buying stocks.

How do I buy shares of Cogent Communications?

Shares of CCOI 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.

What is Cogent Communications' stock price today?

One share of CCOI stock can currently be purchased for approximately $59.54.

How big of a company is Cogent Communications?

Cogent Communications has a market capitalization of $2.81 billion and generates $546.16 million in revenue each year. The technology company earns $37.52 million in net income (profit) each year or $0.76 on an earnings per share basis. Cogent Communications employs 1,110 workers across the globe.

What is Cogent Communications' official website?

The official website for Cogent Communications is www.cogentco.com.

How can I contact Cogent Communications?

Cogent Communications' mailing address is 2450 NORTH STREET NW, WASHINGTON DC, 20037. The technology company can be reached via phone at 202-295-4200 or via email at [email protected]

This page was last updated on 1/16/2021 by MarketBeat.com Staff

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