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S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
NASDAQ:CCOI

Cogent Communications (CCOI) Stock Forecast, Price & News

$55.66
-0.16 (-0.29%)
(As of 05/19/2022 12:00 AM ET)
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Today's Range
$55.16
$56.05
50-Day Range
$55.82
$71.94
52-Week Range
$55.16
$80.50
Volume
376,147 shs
Average Volume
364,079 shs
Market Capitalization
$2.67 billion
P/E Ratio
86.97
Dividend Yield
6.31%
Beta
0.31
30 days | 90 days | 365 days | Advanced Chart
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Cogent Communications logo

About Cogent Communications

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.

Headlines

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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

Sales & Book Value

Annual Sales
$589.80 million
Cash Flow
$2.77 per share
Book Value
($8.52) per share

Profitability

Net Income
$48.19 million
Pretax Margin
7.92%

Debt

Price-To-Earnings

Miscellaneous

Free Float
42,662,000
Market Cap
$2.67 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/25 Dividend
3/08/2022
Dividend Payable
3/25/2022
Last Earnings
4/29/2022
Ex-Dividend for 5/27 Dividend
5/12/2022
Today
5/20/2022
Dividend Payable
5/27/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.18 out of 5 stars

Computer And Technology Sector

19th out of 923 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 21 stocks

Analyst Opinion: 3.1Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

Is Cogent Communications a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last twelve months. There are currently 2 sell ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Cogent Communications stock. 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 analyst ratings for Cogent Communications
or view top-rated stocks.

When is Cogent Communications' next earnings date?

Cogent Communications is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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 Friday, April, 29th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.18. The technology company earned $149.20 million during the quarter, compared to analysts' expectations of $149.10 million. Cogent Communications had a negative trailing twelve-month return on equity of 6.39% and a net margin of 5.15%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 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 Monday, May 2nd. Shareholders of record on Friday, May 13th will be paid a dividend of $0.88 per share on Friday, May 27th. This represents a $3.52 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Thursday, May 12th. This is an increase from Cogent Communications's previous quarterly dividend of $0.86.
View Cogent Communications' dividend history
.

Is Cogent Communications a good dividend stock?

Cogent Communications pays an annual dividend of $3.52 per share and currently has a dividend yield of 6.31%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Cogent Communications is 550.01%. 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 277.17% 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?

5 brokers have issued 12-month price targets for Cogent Communications' stock. Their forecasts range from $57.00 to $84.00. On average, they expect Cogent Communications' share price to reach $73.00 in the next year. This suggests a possible upside of 31.2% 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:
  • Mr. David Schaeffer Ph.D., Founder, Chairman, CEO & Pres (Age 66, Pay $356.4k)
  • Mr. Sean Robert Wallace, VP, CFO & Treasurer (Age 60, Pay $355.7k) (LinkedIn Profile)
  • Mr. Raymond Brad Kummer, CTO & VP of Optical Transport Engineering (Age 73, Pay $303.44k)
  • Mr. John B. Chang, Chief Legal Officer (Age 50, Pay $267.15k)
  • Mr. James Bubeck, Chief Revenue Officer & VP of Global Sales (Age 56, Pay $405.94k) (LinkedIn Profile)
  • Mr. Timothy G. O'Neill, VP of Field Engineering, Construction and Network Operations (Age 66, Pay $138.78k)
  • Mr. Thaddeus G. Weed, Sr. VP – Audit & Operations (Age 61)
  • Mr. Vincent Teissier, Director of Bus. Devel. (Age 54)
  • Mr. Jean-Michel F.F Slagmuylder, Chief Financial Officer for European Operations (Age 59)
  • Mr. Ried R. Zulager, Sec.
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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.62%), Vanguard Group Inc. (10.30%), Renaissance Technologies LLC (4.52%), Vaughan Nelson Investment Management L.P. (3.72%), State Street Corp (3.56%) and Brown Advisory Inc. (3.21%). 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 institutional investors are selling Cogent Communications stock?

CCOI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Ceredex Value Advisors LLC, Royal Bank of Canada, BlackRock Inc., Strs Ohio, Emerald Mutual Fund Advisers Trust, SG Americas Securities LLC, 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, Mariana Garavaglia, Raymond B Kummer, Sean Robert Wallace, Sheryl Lynn Kennedy, 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 bought by a variety of institutional investors in the last quarter, including State Street Corp, Reaves W H & Co. Inc., Vanguard Group Inc., abrdn plc, First Trust Advisors LP, Harber Asset Management LLC, Tealwood Asset Management Inc., and Vaughan Nelson Investment Management L.P..
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 $55.66.

How much money does Cogent Communications make?

Cogent Communications has a market capitalization of $2.67 billion and generates $589.80 million in revenue each year. The technology company earns $48.19 million in net income (profit) each year or $0.639990 on an earnings per share basis.

How many employees does Cogent Communications have?

Cogent Communications 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..

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.

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 5/20/2022 by MarketBeat.com Staff

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