Cogent Communications Stock Forecast, Price & News

$76.87
-2.31 (-2.92 %)
(As of 05/11/2021 12:00 AM ET)
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Today's Range
$75.50
$78.09
50-Day Range
$63.72
$78.76
52-Week Range
$53.20
$90.96
Volume402,861 shs
Average Volume324,829 shs
Market Capitalization$3.65 billion
P/E Ratio178.77
Dividend Yield3.81%
Beta0.1
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, 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 2,914 buildings and on-net services to 1,792 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.

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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

Sales & Book Value

Annual Sales$546.16 million
Cash Flow$3.19 per share
Book Value($4.35) per share

Profitability

Net Income$37.52 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$3.65 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.81 out of 5 stars

Computer And Technology Sector

180th out of 1,564 stocks

Communication Services, Not Elsewhere Classified Industry

1st out of 33 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Cogent Communications (NASDAQ:CCOI) Frequently Asked Questions

Is Cogent Communications a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 1 hold rating and 6 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, August 5th 2021.
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 Wednesday, April, 28th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.23. The technology company had revenue of $146.78 million for the quarter, compared to analyst estimates of $144.17 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 4.2% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS.
View Cogent Communications' earnings history
.

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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CCOI stock has decreased by 8.6% and is now trading at $76.87.
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 Wednesday, April 28th. Investors of record on Friday, May 14th will be paid a dividend of $0.78 per share on Friday, May 28th. This represents a $3.12 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, May 13th. This is an increase from Cogent Communications's previous quarterly dividend of $0.76.
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 3.81%. 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?

7 equities research analysts have issued 1 year target prices for Cogent Communications' stock. Their forecasts range from $69.00 to $93.00. On average, they expect Cogent Communications' stock price to reach $84.29 in the next twelve months. This suggests a possible upside of 9.6% 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 BlackRock Inc. (14.07%), Vaughan Nelson Investment Management L.P. (3.26%), Standard Life Aberdeen plc (1.64%), Copeland Capital Management LLC (1.31%), Boston Financial Mangement LLC (1.24%) and Ceredex Value Advisors LLC (0.85%). 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 Fiera Capital Corp, Emerald Advisers LLC, Pacer Advisors Inc., Skylands Capital LLC, Empire Life Investments Inc., Leith Wheeler Investment Counsel Ltd., Russell Investments Group Ltd., and Reaves W H & Co. 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 acquired by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Vaughan Nelson Investment Management L.P., BlackRock Inc., Copeland Capital Management LLC, The Manufacturers Life Insurance Company , Natixis Advisors L.P., Victory Capital Management Inc., and Comerica Bank.
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 $76.87.

How much money does Cogent Communications make?

Cogent Communications has a market capitalization of $3.65 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 5/11/2021 by MarketBeat.com Staff
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