NASDAQ:CCOI Cogent Communications (CCOI) Stock Price, News & Analysis $72.28 -1.46 (-1.98%) (As of 10:46 AM ET) Add Compare Share Share Today's Range$71.85▼$73.3750-Day Range$51.71▼$75.7752-Week Range$50.80▼$86.00Volume30,944 shsAverage Volume461,921 shsMarket Capitalization$3.54 billionP/E Ratio2.86Dividend Yield5.45%Price Target$74.43 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cogent Communications alerts: Email Address Cogent Communications MarketRank™ Stock AnalysisAnalyst RatingHold2.43 Rating ScoreUpside/Downside0.9% Upside$74.43 Price TargetShort InterestBearish10.50% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.25Upright™ Environmental ScoreNews Sentiment0.41Based on 13 Articles This WeekInsider TradingSelling Shares$6.74 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($4.81) to ($3.05) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.53 out of 5 starsComputer And Technology Sector81st out of 594 stocksCommunication Services, Not Elsewhere Classified Industry1st out of 9 stocks 2.2 Analyst's Opinion Consensus RatingCogent Communications has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageCogent Communications has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Cogent Communications' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted10.50% of the float of Cogent Communications has been sold short.Short Interest Ratio / Days to CoverCogent Communications has a short interest ratio ("days to cover") of 8.4.Change versus previous monthShort interest in Cogent Communications has recently decreased by 2.94%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipCogent Communications is a leading dividend payer. It pays a dividend yield of 5.31%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCogent Communications has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Cogent Communications is 15.61%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about Cogent Communications' dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCogent Communications has received a 23.14% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Fixed corporate fiber optics internet provision", "Fixed consumer fiber optics internet provision", and "VPN software" products. See details.Environmental SustainabilityThe Environmental Impact score for Cogent Communications is -1.25. Previous Next 2.5 News and Social Media Coverage News SentimentCogent Communications has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Cogent Communications this week, compared to 4 articles on an average week.Search InterestOnly 13 people have searched for CCOI on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat Follows9 people have added Cogent Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cogent Communications insiders have sold 1,180.79% more of their company's stock than they have bought. Specifically, they have bought $526,100.00 in company stock and sold $6,738,216.00 in company stock.Percentage Held by Insiders11.40% of the stock of Cogent Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions92.45% of the stock of Cogent Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Cogent Communications' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Cogent Communications are expected to grow in the coming year, from ($4.81) to ($3.05) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cogent Communications is 2.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.48.Price to Earnings Ratio vs. SectorThe P/E ratio of Cogent Communications is 2.92, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 282.92.Price to Book Value per Share RatioCogent Communications has a P/B Ratio of 5.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Cogent Communications' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsSecure this "AI Fuel" Stock Before the Billionaires Buy It AllAccording to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.Click here for the ticker >>> About Cogent Communications Stock (NASDAQ:CCOI)Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, 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. 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.Read More CCOI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CCOI Stock News HeadlinesAugust 22 at 8:30 AM | prnewswire.comCogent Communications CEO to Present at Three Upcoming ConferencesAugust 21 at 4:29 PM | msn.comCogent Communications Faces Setback: Analyst Downgrades Stock Due To Delayed GrowthAugust 22, 2024 | Preserve Gold (Ad)Trump is sounding the alarmEurope is one of the latest to release a central bank digital currency and along with it, new cash rules. Christine Lagarde, President of the European Central Bank, shared "Now we have in Europe this threshold, above 1,000 euros you cannot pay cash… if you get caught you are fined or you are going to jail". Are you prepared?August 21 at 11:28 AM | seekingalpha.comCogent Communications rating lowered at BofA on valuation concernsAugust 21 at 9:58 AM | americanbankingnews.comCogent Communications Holdings, Inc. (NASDAQ:CCOI) Increases Dividend to $0.99 Per ShareAugust 20 at 4:18 AM | americanbankingnews.comCitigroup Boosts Cogent Communications (NASDAQ:CCOI) Price Target to $82.00August 15, 2024 | ca.finance.yahoo.comCCOI Aug 2024 90.000 callAugust 15, 2024 | finance.yahoo.comBeyond Lackluster Earnings: Potential Concerns For Cogent Communications Holdings' (NASDAQ:CCOI) ShareholdersAugust 22, 2024 | Preserve Gold (Ad)Trump is sounding the alarmEurope is one of the latest to release a central bank digital currency and along with it, new cash rules. Christine Lagarde, President of the European Central Bank, shared "Now we have in Europe this threshold, above 1,000 euros you cannot pay cash… if you get caught you are fined or you are going to jail". Are you prepared?August 14, 2024 | americanbankingnews.comCogent Communications (NASDAQ:CCOI) PT Raised to $75.00August 13, 2024 | americanbankingnews.comCogent Communications (NASDAQ:CCOI) Price Target Increased to $82.00 by Analysts at TD CowenAugust 13, 2024 | americanbankingnews.comCogent Communications (NASDAQ:CCOI) PT Raised to $62.00 at The Goldman Sachs GroupAugust 12, 2024 | americanbankingnews.comCogent Communications (NASDAQ:CCOI) Price Target Raised to $76.00August 12, 2024 | finance.yahoo.comCogent Communications Holdings Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagAugust 9, 2024 | msn.comThese Analysts Raise Their Forecasts On Cogent Communications After Q2 ResultsAugust 9, 2024 | msn.comCogent Communications Holdings, Inc. (NASDAQ:CCOI) Q2 2024 Earnings Call TranscriptAugust 9, 2024 | markets.businessinsider.comCogent Comms Receives ‘Buy’ Rating on Strong EBITDA Performance and Promising Cost Savings InitiativesAugust 9, 2024 | seekingalpha.comCogent Communications Holdings, Inc. (CCOI) Q2 2024 Earnings Call TranscriptSee More Headlines Receive CCOI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cogent Communications and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/7 Dividend5/22/2024Dividend Payable6/07/2024Last Earnings8/08/2024Today8/22/2024Ex-Dividend for 9/6 Dividend8/22/2024Dividend Payable9/06/2024Next Earnings (Estimated)11/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Communication services, not elsewhere classified Sub-IndustryAlternative Carriers Current SymbolNASDAQ:CCOI CUSIP19239V30 CIK1158324 Webwww.cogentco.com Phone(202) 295-4200Fax202-338-8798Employees1,080Year Founded1999Price Target and Rating Average Stock Price Target$74.43 High Stock Price Target$82.00 Low Stock Price Target$62.00 Potential Upside/Downside+2.9%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$25.24 Trailing P/E Ratio2.92 Forward P/E RatioN/A P/E GrowthN/ANet Income$1.27 billion Net Margins114.09% Pretax Margin106.73% Return on Equity-24.63% Return on Assets-4.13% Debt Debt-to-Equity Ratio2.80 Current Ratio1.12 Quick Ratio1.12 Sales & Book Value Annual Sales$1.07 billion Price / Sales3.37 Cash Flow$7.55 per share Price / Cash Flow9.77 Book Value$12.54 per share Price / Book5.88Miscellaneous Outstanding Shares49,024,000Free Float43,435,000Market Cap$3.62 billion OptionableOptionable Beta0.41 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. David Schaeffer Ph.D. (Age 68)Founder, Chairman, CEO & President Comp: $509.92kMr. Thaddeus G. Weed (Age 63)VP, CFO & Treasurer Comp: $411.78kMr. John B. Chang (Age 52)Chief Legal Officer & General Counsel Comp: $338.78kMr. James Bubeck (Age 58)Chief Revenue Officer & VP of Global Sales Comp: $431.22kMr. David Allen Kapp (Age 47)VP of Network Planning & CTO Mr. Vincent Teissier (Age 56)Director of Business Development Mr. Jean-Michel F.F Slagmuylder (Age 61)Chief Financial Officer for European Operations Comp: $313.58kMr. Ried R. ZulagerSecretaryMore ExecutivesKey CompetitorsIridium CommunicationsNASDAQ:IRDMORBCOMMNASDAQ:ORBCBoingo WirelessNASDAQ:WIFIAST SpaceMobileNASDAQ:ASTSEchoStarNASDAQ:SATSView All CompetitorsInsiders & InstitutionsSenator Investment Group LPBought 50,000 shares on 8/20/2024Ownership: 1.462%Creative PlanningBought 4,632 shares on 8/16/2024Ownership: 0.026%Algert Global LLCBought 4,442 shares on 8/16/2024Ownership: 0.009%Northwestern Mutual Wealth Management Co.Bought 441 shares on 8/16/2024Ownership: 0.002%The Manufacturers Life Insurance Company Bought 1,256 shares on 8/15/2024Ownership: 0.053%View All Insider TransactionsView All Institutional Transactions CCOI Stock Analysis - Frequently Asked Questions How have CCOI shares performed this year? Cogent Communications' stock was trading at $76.06 at the start of the year. Since then, CCOI shares have decreased by 3.1% and is now trading at $73.74. View the best growth stocks for 2024 here. How were Cogent Communications' earnings last quarter? Cogent Communications Holdings, Inc. (NASDAQ:CCOI) announced its quarterly earnings results on Thursday, August, 8th. The technology company reported ($0.68) earnings per share for the quarter, topping analysts' consensus estimates of ($1.27) by $0.59. The business's revenue was up 8.6% on a year-over-year basis. What is Dave Schaeffer's approval rating as Cogent Communications' CEO? 214 employees have rated Cogent Communications Chief Executive Officer Dave Schaeffer on Glassdoor.com. Dave Schaeffer has an approval rating of 43% among the company's employees. This puts Dave Schaeffer in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. Does Cogent Communications have any subsidiaries? Cogent Communications subsidiaries include these companies: Aleron, Global Access, FiberCity Networks, PSINet Ventures, Allied Riser Communications, Netrail, C.C.D. COGENT COMMUNICATIONS DEUTSCHLAND GMBH, and others. Who are Cogent Communications' major shareholders? Top institutional investors of Cogent Communications include EdgePoint Investment Group Inc. (3.14%), Harspring Capital Management LLC (2.40%), Renaissance Technologies LLC (2.22%) and Thrivent Financial for Lutherans (2.11%). Insiders that own company stock include Dave Schaeffer, Thaddeus Gerard Weed, Marc Montagner, James Bubeck, Raymond B Kummer, Henry W Kilmer, John B Chang, Steven D Brooks, Lewis H Ferguson, David Allen Kapp, Blake Bath, Sheryl Lynn Kennedy and Sean Robert Wallace. View institutional ownership trends. How do I buy shares of Cogent Communications? Shares of CCOI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Cogent Communications own? Based on aggregate information from My MarketBeat watchlists, some other companies that Cogent Communications investors own include Energy Transfer (ET), Intel (INTC), Dominion Energy (D), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD) and Enterprise Products Partners (EPD). This page (NASDAQ:CCOI) was last updated on 8/22/2024 by MarketBeat.com Staff From Our PartnersWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...Angel Publishing | SponsoredAir Force quietly working with sub $10 stock on new techThere is a little-known energy technology stock that has made an incredible breakthrough… Which could becom...DTI | SponsoredUS developing “superweapon” to defeat China and Russia?Our new superweapon is a gift to every patriot. I predict the devastating new tech behind this weapon will cre...Paradigm Press | SponsoredThe #1 A.I. 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