Cogent Communications Stock Forecast, Price & News

$76.39
-1.20 (-1.55 %)
(As of 07/29/2021 01:43 PM ET)
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Today's Range
$75.88
$77.58
50-Day Range
$73.94
$79.21
52-Week Range
$53.20
$90.96
Volume3,125 shs
Average Volume284,052 shs
Market Capitalization$3.63 billion
P/E Ratio224.68
Dividend Yield4.09%
Beta0.14
30 days | 90 days | 365 days | Advanced Chart
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Cogent Communications logo

About Cogent Communications

Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol 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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MarketRank

Overall MarketRank

2.21 out of 5 stars

Computer And Technology Sector

119th out of 1,650 stocks

Communication Services, Not Elsewhere Classified Industry

2nd out of 35 stocks

Analyst Opinion: 2.4Community Rank: 3.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

Is Cogent Communications a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Cogent Communications stock.
View analyst ratings for Cogent Communications
or view top-rated stocks.

What stocks does MarketBeat like better than Cogent Communications?

Wall Street analysts have given Cogent Communications a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cogent Communications wasn't one of them. MarketBeat thinks these five companies 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, August 5th 2021.
View our earnings forecast for Cogent Communications
.

How can I listen to Cogent Communications' earnings call?

Cogent Communications will be holding an earnings conference call on Thursday, August 5th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "4381464".

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) released its quarterly earnings data on Wednesday, April, 28th. The technology company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.23. The technology company had revenue of $146.78 million for the quarter, compared to analysts' expectations of $144.17 million. Cogent Communications had a net margin of 2.76% and a negative trailing twelve-month return on equity of 17.03%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share.
View Cogent Communications' earnings history
.

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 9.2% and is now trading at $76.39.
View which stocks have been most impacted by COVID-19
.

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

Cogent Communications announced a quarterly dividend on Wednesday, April 28th. Investors of record on Friday, May 14th will be paid a dividend of $0.78 per share on Friday, May 28th. This represents a $3.12 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Thursday, May 13th. This is an increase from Cogent Communications's previous quarterly dividend of $0.76.
View Cogent Communications' dividend history
.

Is Cogent Communications a good dividend stock?

Cogent Communications pays an annual dividend of $3.12 per share and currently has a dividend yield of 4.09%. 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 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Cogent Communications is 410.53%. 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 245.67% 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?

6 brokers have issued 12 month price objectives for Cogent Communications' shares. Their forecasts range from $75.00 to $93.00. On average, they anticipate Cogent Communications' share price to reach $85.83 in the next year. This suggests a possible upside of 12.4% from the stock's current price.
View analysts' price targets for Cogent Communications
or view top-rated stocks among Wall Street analysts.

Who are Cogent Communications' key executives?

Cogent Communications' management team includes the following people:
  • David Schaeffer, Chairman, President & Chief Executive Officer
  • Thaddeus Gerard Weed, Senior Vice President-Audit & Operations
  • Sean Wallace, Chief Financial Officer, Treasurer & VP
  • Raymond Brad Kummer, CTO & VP-Optical Transport Engineering
  • Bryant Hird Banks, Vice President-Real Estate

What is Dave Schaeffer's approval rating as Cogent Communications' CEO?

214 employees have rated Cogent Communications CEO Dave Schaeffer on Glassdoor.com. Dave Schaeffer has an approval rating of 43% among Cogent Communications' employees. This puts Dave Schaeffer in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 Vaughan Nelson Investment Management L.P. (3.61%), Leith Wheeler Investment Counsel Ltd. (0.18%), State of Alaska Department of Revenue (0.06%), Access Financial Services Inc. (0.05%), Taylor Frigon Capital Management LLC (0.04%) 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, Mariana Garavaglia, Mike Slessor, Raymond B Kummer, Richard Liebhaber, Sean Robert Wallace, Sheryl Lynn Kennedy, Steven D Brooks, 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 Access Financial Services Inc., and 6 Meridian. Company insiders that have sold Cogent Communications company stock in the last year include Henry W Kilmer, James Bubeck, John B Chang, Lewis H Ferguson, Mariana Garavaglia, Raymond B Kummer, Sean Robert Wallace, Sheryl Lynn Kennedy, Steven D Brooks, 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 Vaughan Nelson Investment Management L.P., Taylor Frigon Capital Management LLC, CHICAGO TRUST Co NA, Leith Wheeler Investment Counsel Ltd., and State of Alaska Department of Revenue.
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.
Compare Top Brokerages Here.

What is Cogent Communications' stock price today?

One share of CCOI stock can currently be purchased for approximately $76.39.

How much money does Cogent Communications make?

Cogent Communications has a market capitalization of $3.63 billion and generates $568.10 million in revenue each year. The technology company earns $6.22 million in net income (profit) each year or $0.76 on an earnings per share basis.

How many employees does Cogent Communications have?

Cogent Communications employs 897 workers across the globe.

When was Cogent Communications founded?

Cogent Communications was founded in 1999.

What is Cogent Communications' official website?

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

Where are Cogent Communications' headquarters?

Cogent Communications is headquartered at 2450 NORTH STREET NW, WASHINGTON DC, 20037.

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 7/29/2021 by MarketBeat.com Staff
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