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S&P 500   4,280.15
DOW   33,761.05
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2 Important Retail Stock Battles to Watch
The Day of Financial Reckoning Is Near (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
How Much Longer Will It Be Under $1? (Ad)pixel
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Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
How Much Longer Will It Be Under $1? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Day of Financial Reckoning Is Near (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
How Much Longer Will It Be Under $1? (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
How Much Longer Will It Be Under $1? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
The Day of Financial Reckoning Is Near (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
How Much Longer Will It Be Under $1? (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
How Much Longer Will It Be Under $1? (Ad)pixel
NASDAQ:CCOI

Cogent Communications - CCOI Stock Forecast, Price & News

$60.27
+0.95 (+1.60%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$59.08
$60.43
50-Day Range
$56.00
$64.18
52-Week Range
$55.16
$80.50
Volume
171,095 shs
Average Volume
232,950 shs
Market Capitalization
$2.89 billion
P/E Ratio
64.81
Dividend Yield
5.93%
Price Target
$68.33

Cogent Communications MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.4% Upside
$68.33 Price Target
Short Interest
Bearish
4.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Cogent Communications in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$608,398 Sold Last Quarter
Proj. Earnings Growth
53.33%
From $0.75 to $1.15 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Computer And Technology Sector

144th out of 659 stocks

Communication Services, Not Elsewhere Classified Industry

2nd out of 9 stocks

CCOI stock logo

About Cogent Communications (NASDAQ:CCOI) Stock

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, South America, Australia, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers. It also provides Internet access and private network services to customers that are not located in buildings directly connected to its network; and on-net services to customers located in buildings that are physically connected to its network. In addition, the company offers off-net services to corporate customers using other carriers' circuits to provide the last mile portion of the link from the customers' premises to the network. Further, it operates data centers that allow its customers to collocate their equipment and access the network. The company operates 54 data centers and provides facilities to 3,035 buildings and on-net services to 1,817 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.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Cowen cut their price target on Cogent Communications to $62.00 in a report on Tuesday. StockNews.com lowered Cogent Communications from a "buy" rating to a "hold" rating in a report on Saturday. TheStreet lowered Cogent Communications from a "b-" rating to a "c" rating in a report on Friday, April 29th. Credit Suisse Group dropped their target price on Cogent Communications to $74.00 in a report on Tuesday. Finally, Citigroup dropped their target price on Cogent Communications from $73.00 to $70.00 in a report on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $68.33.

Cogent Communications Trading Up 1.6 %

Shares of Cogent Communications stock opened at $60.27 on Friday. The business's fifty day simple moving average is $60.66 and its 200 day simple moving average is $62.18. The firm has a market capitalization of $2.89 billion, a P/E ratio of 64.81 and a beta of 0.30. Cogent Communications has a 12 month low of $55.16 and a 12 month high of $80.50.

Cogent Communications (NASDAQ:CCOI - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Cogent Communications had a negative return on equity of 9.43% and a net margin of 7.44%. The business had revenue of $148.50 million for the quarter, compared to analyst estimates of $150.68 million. During the same period last year, the company posted ($0.05) earnings per share. Cogent Communications's quarterly revenue was up .4% compared to the same quarter last year. Analysts predict that Cogent Communications will post 0.75 EPS for the current fiscal year.

Cogent Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Thursday, August 18th will be given a $0.905 dividend. This is an increase from Cogent Communications's previous quarterly dividend of $0.88. This represents a $3.62 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Wednesday, August 17th. Cogent Communications's dividend payout ratio (DPR) is currently 378.50%.

Insiders Place Their Bets

In other Cogent Communications news, VP Henry W. Kilmer sold 2,400 shares of the firm's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $59.20, for a total value of $142,080.00. Following the completion of the sale, the vice president now directly owns 33,600 shares of the company's stock, valued at $1,989,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Henry W. Kilmer sold 2,400 shares of Cogent Communications stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $59.20, for a total value of $142,080.00. Following the completion of the transaction, the vice president now directly owns 33,600 shares in the company, valued at $1,989,120. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $60.49, for a total value of $293,376.50. Following the completion of the transaction, the chief financial officer now owns 58,400 shares of the company's stock, valued at $3,532,616. The disclosure for this sale can be found here. Insiders sold 10,120 shares of company stock valued at $608,398 over the last ninety days. 11.00% of the stock is currently owned by insiders.

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CCOI Stock News Headlines

Cogent (CCOI) Q2 Earnings Beat Estimates, Revenues Lag
Cogent Communications (CCOI) Q2 Earnings Top Estimates
Cogent launches $450M notes offering
See More Headlines
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CCOI Company Calendar

Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Last Earnings
8/04/2022
Today
8/13/2022
Ex-Dividend for 8/31 Dividend
8/17/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$68.33
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
+13.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$48.19 million
Pretax Margin
11.59%

Debt

Sales & Book Value

Annual Sales
$589.80 million
Cash Flow
$2.82 per share
Book Value
($9.17) per share

Miscellaneous

Free Float
42,732,000
Market Cap
$2.89 billion
Optionable
Optionable
Beta
0.30

Social Links















CCOI Stock - Frequently Asked Questions

Should I buy or sell Cogent Communications stock right now?

4 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 and 2 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 2022?

4 Wall Street research analysts have issued 12 month target prices for Cogent Communications' shares. Their CCOI share price forecasts range from $57.00 to $82.00. On average, they predict the company's share price to reach $68.33 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for CCOI
or view top-rated stocks among Wall Street analysts.

How have CCOI shares performed in 2022?

Cogent Communications' stock was trading at $73.18 on January 1st, 2022. Since then, CCOI shares have decreased by 17.6% and is now trading at $60.27.
View the best growth stocks for 2022 here
.

When is Cogent Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CCOI earnings forecast
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) posted its earnings results on Thursday, August, 4th. The technology company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The technology company earned $148.50 million during the quarter, compared to analyst estimates of $150.68 million. Cogent Communications had a negative trailing twelve-month return on equity of 9.43% and a net margin of 7.44%. The firm's revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) 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 Thursday, August 4th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.905 per share on Wednesday, August 31st. This represents a $3.62 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Wednesday, August 17th. This is a positive change from the stock's previous quarterly dividend of $0.88.
Read our dividend analysis for CCOI
.

Is Cogent Communications a good dividend stock?

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.52 per share and currently has a dividend yield of 5.93%. 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 378.50%. 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 306.09% 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 many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (4.82%), Vaughan Nelson Investment Management L.P. (4.10%), Brown Advisory Inc. (2.67%), abrdn plc (1.89%), Copeland Capital Management LLC (1.59%) and Boston Financial Mangement LLC (1.27%). Insiders that own company 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
.

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 $60.27.

How much money does Cogent Communications make?

Cogent Communications (NASDAQ:CCOI) has a market capitalization of $2.89 billion and generates $589.80 million in revenue each year. The technology company earns $48.19 million in net income (profit) each year or $0.93 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 HOLDINGS 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..
Read More

When was Cogent Communications founded?

Cogent Communications was founded in 1999.

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 8/13/2022 by MarketBeat.com Staff

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