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NASDAQ:CCOICogent Communications Stock Price, Forecast & News

$77.06
-1.10 (-1.41 %)
(As of 06/2/2020 04:00 PM ET)
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Compare
Today's Range
$74.41
Now: $77.06
$78.76
50-Day Range
$75.43
MA: $81.73
$90.75
52-Week Range
$53.24
Now: $77.06
$92.96
Volume460,501 shs
Average Volume414,567 shs
Market Capitalization$3.63 billion
P/E Ratio93.98
Dividend Yield3.48%
Beta0.21
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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Cogent Communications logo

Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

1.63 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryAlternative Carriers
SectorComputer and Technology
Current SymbolNASDAQ:CCOI
CUSIP19239V30
Phone202-295-4200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$546.16 million
Cash Flow$2.49 per share
Book Value($4.35) per share

Profitability

Net Income$37.52 million

Miscellaneous

Employees974
Market Cap$3.63 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

How has Cogent Communications' stock been impacted by COVID-19 (Coronavirus)?

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 stock has decreased by 8.3% and is now trading at $77.08. View which stocks have been most impacted by Coronavirus.

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 1 sell rating, 6 hold ratings and 1 buy rating 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, August 13th 2020. View our earnings forecast for Cogent Communications.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings Inc (NASDAQ:CCOI) announced its quarterly earnings results on Thursday, May, 7th. The technology company reported $0.20 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.02. The technology company had revenue of $140.90 million for the quarter, compared to the consensus estimate of $141.78 million. Cogent Communications had a negative return on equity of 20.95% and a net margin of 6.79%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 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 announced a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.68 per share on Friday, June 5th. This represents a $2.72 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, May 21st. This is a boost from Cogent Communications's previous quarterly dividend of $0.66. View Cogent Communications' dividend history.

What price target have analysts set for CCOI?

8 analysts have issued 1-year price targets for Cogent Communications' stock. Their forecasts range from $56.00 to $99.00. On average, they expect Cogent Communications' share price to reach $74.63 in the next year. This suggests that the stock has a possible downside of 3.2%. View analysts' price targets for Cogent Communications.

Has Cogent Communications been receiving favorable news coverage?

News headlines about CCOI stock have trended positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cogent Communications earned a coverage optimism score of 2.6 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCogent Communications.

Are investors shorting Cogent Communications?

Cogent Communications saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,270,000 shares, a decrease of 5.0% from the April 30th total of 2,390,000 shares. Based on an average trading volume of 476,200 shares, the days-to-cover ratio is currently 4.8 days. Approximately 5.4% of the shares of the stock are short sold. View Cogent Communications' Current Options Chain.

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), Ford Motor (F), Gilead Sciences (GILD), AT&T (T), Intel (INTC), Advanced Micro Devices (AMD), Alibaba Group (BABA), IBM (IBM) and NVIDIA (NVDA).

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.96%), State Street Corp (2.81%), Invesco Ltd. (1.90%), Nuveen Asset Management LLC (1.66%), Bank of New York Mellon Corp (1.51%) and Geode Capital Management LLC (1.43%). 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, 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 Invesco Ltd., Loomis Sayles & Co. L P, BlackRock Inc., Frontier Capital Management Co. LLC, Waddell & Reed Financial Inc., Two Sigma Investments LP, JPMorgan Chase & Co., and Fort Washington Investment Advisors Inc. OH. 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, Mike Slessor, Raymond B Kummer, Richard Liebhaber, 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 Vaughan Nelson Investment Management L.P., Nuveen Asset Management LLC, Pacer Advisors Inc., Federated Hermes Inc., Fiera Capital Corp, Natixis Advisors L.P., Redwood Investments LLC, and Matarin Capital Management 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 $77.08.

How big of a company is Cogent Communications?

Cogent Communications has a market capitalization of $3.63 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 6/2/2020 by MarketBeat.com Staff

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