NASDAQ:CCOI

Cogent Communications Stock Forecast, Price & News

$68.86
-0.10 (-0.15 %)
(As of 04/20/2021 12:03 PM ET)
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Today's Range
$68.54
Now: $68.86
$69.37
50-Day Range
$57.53
MA: $65.37
$70.48
52-Week Range
$53.20
Now: $68.86
$92.96
Volume3,009 shs
Average Volume326,080 shs
Market Capitalization$3.28 billion
P/E Ratio160.14
Dividend Yield4.37%
Beta0.1
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, Australia, and Latin America. 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 Â'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; and offers voice services. The company operates 54 data centers and provides facilities to 2,801 buildings and on-net services to 1,767 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.
Cogent Communications logo

Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:CCOI
CUSIP19239V30
Phone202-295-4200
Employees1,083
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$546.16 million
Cash Flow$2.86 per share
Book Value($4.35) per share

Profitability

Net Income$37.52 million

Miscellaneous

Market Cap$3.28 billion
Next Earnings Date4/29/2021 (Confirmed)
OptionableOptionable

Headlines

Cogent Communications Stock: A Smart Buy?
March 23, 2021 |  forbes.com
Insider Sells Cogent Communications Shares
December 4, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.15 out of 5 stars

Computer And Technology Sector

35th out of 1,547 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 33 stocks

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$68.86
-0.10 (-0.15 %)
(As of 04/20/2021 12:03 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

Is Cogent Communications a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 2 hold ratings and 3 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cogent Communications wasn't one of them. MarketBeat thinks these five stocks 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, April 29th 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, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Cogent Communications' earnings last quarter?

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) posted its quarterly earnings results on Thursday, February, 25th. The technology company reported ($0.14) EPS for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.32. The technology company had revenue of $143.90 million for the quarter, compared to analyst estimates of $143.83 million. Cogent Communications had a negative trailing twelve-month return on equity of 17.36% and a net margin of 3.60%. Cogent Communications's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share.
View Cogent Communications' earnings history
.

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. Since then, CCOI stock has decreased by 18.2% and is now trading at $68.81.
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 Friday, February 26th. Stockholders of record on Friday, March 12th will be paid a dividend of $0.755 per share on Friday, March 26th. This represents a $3.02 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, March 11th. This is a boost from Cogent Communications's previous quarterly dividend of $0.73.
View Cogent Communications' dividend history
.

Is Cogent Communications a good dividend stock?

Cogent Communications pays an annual dividend of $3.02 per share and currently has a dividend yield of 4.37%. 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 397.37%. 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 284.91% 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 brokerages have issued 12 month target prices for Cogent Communications' stock. Their forecasts range from $69.00 to $90.00. On average, they expect Cogent Communications' share price to reach $77.17 in the next twelve months. This suggests a possible upside of 12.1% 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, Founder, Chairman, CEO & Pres (Age 65, Pay $234.85k)
  • Mr. Sean Robert Wallace, VP, CFO & Treasurer (Age 59, Pay $233.33k)
  • Mr. Thaddeus G. Weed, Sr. VP – Audit & Operations (Age 60, Pay $328.23k)
  • Mr. Raymond Brad Kummer, CTO & VP of Optical Transport Engineering (Age 72, Pay $297.61k)
  • Mr. James Bubeck, Chief Revenue Officer & VP of Global Sales (Age 55, Pay $378.08k)
  • Mr. Jean-Michel F.F Slagmuylder, Chief Financial Officer for European Operations (Age 58, Pay $313.58k)
  • Mr. Timothy G. O'Neill, VP of Field Engineering, Construction and Network Operations (Age 65, Pay $317.3k)
  • Mr. John B. Chang, Chief Legal Officer (Age 49)
  • Mr. Vincent Teissier, Director of Bus. Devel. (Age 53)
  • 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.

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 number of institutional and retail investors. Top institutional investors include Pacer Advisors Inc. (0.49%), Leith Wheeler Investment Counsel Ltd. (0.17%), State of Alaska Department of Revenue (0.06%), Ipswich Investment Management Co. Inc. (0.04%), Louisiana State Employees Retirement System (0.04%) and Hohimer Wealth Management LLC (0.04%). 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, Sheryl Lynn Kennedy, 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 Pacer Advisors Inc., Leith Wheeler Investment Counsel Ltd., State of Alaska Department of Revenue, Louisiana State Employees Retirement System, and Crossmark Global Holdings Inc.. 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, Marc Montagner, 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 purchased by a variety of institutional investors in the last quarter, including Hohimer Wealth Management LLC, Exchange Traded Concepts LLC, Everence Capital Management Inc., and Ipswich Investment Management Co. Inc..
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 $68.81.

How much money does Cogent Communications make?

Cogent Communications has a market capitalization of $3.27 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.

How many employees does Cogent Communications have?

Cogent Communications employs 1,083 workers across the globe.

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 4/20/2021 by MarketBeat.com Staff
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