S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NASDAQ:CCOI

Cogent Communications Stock Forecast, Price & News

$74.22
-1.12 (-1.49%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$73.69
$75.72
50-Day Range
$70.38
$80.27
52-Week Range
$56.38
$80.50
Volume
191,511 shs
Average Volume
229,797 shs
Market Capitalization
$3.54 billion
P/E Ratio
148.44
Dividend Yield
4.41%
Beta
0.14
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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.

Headlines

Cogent Communications (CCOI) Tops Q3 Earnings Estimates
November 4, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Communication services, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:CCOI
CUSIP
19239V30
Employees
1,083
Year Founded
1999

Sales & Book Value

Annual Sales
$568.10 million
Cash Flow
$2.52 per share
Book Value
($7.48) per share

Profitability

Net Income
$6.22 million
Pretax Margin
6.63%

Debt

Price-To-Earnings

Miscellaneous

Free Float
42,382,000
Market Cap
$3.54 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/04/2021
Ex-Dividend
11/18/2021
Dividend Payable
12/03/2021
Today
12/04/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/24/2022

Social Links


MarketRank

Overall MarketRank

2.89 out of 5 stars

Computer And Technology Sector

42nd out of 890 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 18 stocks

Analyst Opinion: 2.5Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -












Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

Is Cogent Communications a buy 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cogent Communications stock.
View analyst ratings for Cogent Communications
or view top-rated stocks.

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 shares have decreased by 11.7% and is now trading at $74.22.
View which stocks have been most impacted by COVID-19
.

When is Cogent Communications' next earnings date?

Cogent Communications is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Cogent Communications
.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) released its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The technology company earned $147.93 million during the quarter, compared to analysts' expectations of $148.63 million. Cogent Communications had a net margin of 3.93% and a negative trailing twelve-month return on equity of 11.81%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS.
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 Thursday, November 4th. Shareholders of record on Friday, November 19th will be paid a dividend of $0.83 per share on Friday, December 3rd. This represents a $3.32 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Thursday, November 18th. This is an increase from Cogent Communications's previous quarterly dividend of $0.81.
View Cogent Communications' dividend history
.

Is Cogent Communications a good dividend stock?

Cogent Communications pays an annual dividend of $3.32 per share and currently has a dividend yield of 4.41%. 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 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Cogent Communications is 664.00%. 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 310.28% 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?

4 brokerages have issued 1 year price objectives for Cogent Communications' stock. Their forecasts range from $84.00 to $90.00. On average, they anticipate Cogent Communications' share price to reach $86.75 in the next twelve months. This suggests a possible upside of 16.9% 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.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.46%), Renaissance Technologies LLC (4.69%), Vaughan Nelson Investment Management L.P. (3.56%), Dimensional Fund Advisors LP (2.00%), Geode Capital Management LLC (1.60%) and Copeland Capital Management LLC (1.33%). 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, Raymond B Kummer, Sean Robert Wallace, Sheryl Lynn Kennedy, Steven D Brooks and Timothy G Oneill.
View institutional ownership trends for Cogent Communications
.

Which major investors are selling Cogent Communications stock?

CCOI stock was sold by a variety of institutional investors in the last quarter, including Harber Asset Management LLC, BlackRock Inc., Victory Capital Management Inc., Emerald Mutual Fund Advisers Trust, Assenagon Asset Management S.A., Skylands Capital LLC, Emerald Advisers LLC, and UBS Group AG. 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, 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 major investors are buying Cogent Communications stock?

CCOI stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Pacer Advisors Inc., Millennium Management LLC, Two Sigma Advisers LP, Morgan Stanley, Dimensional Fund Advisors LP, BNP Paribas Arbitrage SA, and M&G Investment Management Ltd..
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 $74.22.

How much money does Cogent Communications make?

Cogent Communications has a market capitalization of $3.54 billion and generates $568.10 million in revenue each year. The technology company earns $6.22 million in net income (profit) each year or $0.50 on an earnings per share basis.

How many employees does Cogent Communications have?

Cogent Communications employs 1,083 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, via email at [email protected], or via fax at 202-338-8798.


This page was last updated on 12/4/2021 by MarketBeat.com Staff

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