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NASDAQ:CCOI

Cogent Communications Stock Forecast, Price & News

$61.93
-1.89 (-2.96 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$61.84
Now: $61.93
$64.65
50-Day Range
$63.82
MA: $70.51
$90.11
52-Week Range
$53.46
Now: $61.93
$92.96
Volume1.12 million shs
Average Volume402,262 shs
Market Capitalization$2.93 billion
P/E Ratio73.73
Dividend Yield4.42%
Beta0.05
Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil. 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 '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, as well as offers voice services. The company operates 52 data centers. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$546.16 million
Cash Flow$2.30 per share
Book Value($4.35) per share

Profitability

Net Income$37.52 million

Miscellaneous

Employees974
Market Cap$2.93 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$61.93
-1.89 (-2.96 %)
(As of 09/18/2020 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 COVID-19?

Cogent Communications' stock was trading at $84.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CCOI shares have decreased by 26.4% and is now trading at $61.93.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cogent Communications?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cogent Communications
.

When is Cogent Communications' next earnings date?

Cogent Communications is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Cogent Communications
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings Inc (NASDAQ:CCOI) issued its quarterly earnings data on Thursday, August, 6th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.05. The technology company earned $140.99 million during the quarter, compared to analysts' expectations of $143.29 million. Cogent Communications had a negative return on equity of 20.17% and a net margin of 6.97%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share.
View Cogent Communications' earnings history
.

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

Cogent Communications declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 21st will be given a dividend of $0.705 per share on Friday, September 4th. This represents a $2.82 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Thursday, August 20th. This is a boost from Cogent Communications's previous quarterly dividend of $0.68.
View Cogent Communications' dividend history
.

What price target have analysts set for CCOI?

8 analysts have issued 12-month target prices for Cogent Communications' shares. Their forecasts range from $63.00 to $95.00. On average, they expect Cogent Communications' share price to reach $81.57 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
View analysts' price targets for Cogent Communications
.

Are investors shorting Cogent Communications?

Cogent Communications saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 974,000 shares, an increase of 8.5% from the August 15th total of 897,400 shares. Based on an average trading volume of 377,000 shares, the short-interest ratio is presently 2.6 days. Approximately 2.3% of the company's shares are short sold.
View Cogent Communications' Short Interest
.

Who are some of Cogent Communications' key competitors?

Some companies that are related to Cogent Communications include Iridium Communications (IRDM), Vonage (VG), 8X8 (EGHT), ORBCOMM (ORBC) and Towerstream (TWER).
View all 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 Dominion Energy (D), Energy Transfer LP Unit (ET), Pfizer (PFE), Advanced Micro Devices (AMD), AbbVie (ABBV), Gilead Sciences (GILD), Ford Motor (F), Micron Technology (MU), NVIDIA (NVDA) and Intel (INTC).

Who are Cogent Communications' key executives?

Cogent Communications' management team includes the following people:
  • Mr. David Schaeffer, Founder, Chairman, CEO & Pres (Age 63)
  • Mr. Thaddeus G. Weed, CFO & Treasurer (Age 58)
  • Mr. Robert N. Beury Jr., Chief Legal Officer, VP, Gen. Counsel & Assistant Sec. (Age 65)
  • Mr. James Bubeck, Chief Revenue Officer & VP of Global Sales (Age 53)
  • Mr. Timothy G. O'Neill, VP of Field Engineering, Construction and Network Operations (Age 63)

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 investors include Copper Rock Capital Partners LLC (12.42%), Vanguard Group Inc. (10.00%), FMR LLC (3.44%), Bank of New York Mellon Corp (1.49%), Goldman Sachs Group Inc. (1.28%) and Boston Financial Mangement LLC (1.21%). 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, Robert N Beury Jr, Sheryl Lynn Kennedy, Thaddeus Gerard Weed, Tim Weingarten 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 Nuveen Asset Management LLC, FMR LLC, Frontier Capital Management Co. LLC, TimesSquare Capital Management LLC, Goldman Sachs Group Inc., Copeland Capital Management LLC, Advisors Asset Management Inc., and Federated Hermes 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, Raymond B Kummer, Sheryl Lynn Kennedy, Thaddeus Gerard Weed, and Timothy G Oneill.
View insider buying and selling activity for Cogent Communications
.

Which institutional investors are buying Cogent Communications stock?

CCOI stock was acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Robeco Institutional Asset Management B.V., Balyasny Asset Management LLC, Pacer Advisors Inc., Copper Rock Capital Partners LLC, Man Group plc, Hudson Bay Capital Management LP, and Schonfeld Strategic Advisors LLC.
View insider buying and selling activity for Cogent Communications
.

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 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 $61.93.

How big of a company is Cogent Communications?

Cogent Communications has a market capitalization of $2.93 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 974 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 9/20/2020 by MarketBeat.com Staff

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