Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cogent Communications (CCOI)
NASDAQ:CCOI
Holding CCOI?
Track your performance easily
CCOI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$50.80 - $86.00
Previous Close$70.66
Volume92.12K
Average Volume (3M)469.84K
Market Cap
$3.50B
Enterprise Value$3.88B
Total Cash (Recent Filing)$384.42M
Total Debt (Recent Filing)$797.26M
Price to Earnings (P/E)77.5
Beta0.53
Next Earnings
Nov 07, 2024EPS Estimate
-$1.19Last Dividend Ex-Date
Aug 22, 2024Dividend Yield5.52%
Share Statistics
EPS (TTM)0.91
Shares Outstanding49,004,160
10 Day Avg. Volume352,610
30 Day Avg. Volume469,838
Standard Deviation0.10
R-Squared0.05
Alpha0.00620
Financial Highlights & Ratios
Price to Book (P/B)8.33
Price to Sales (P/S)3.21
Price to Cash Flow (P/CF)-38.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.61
Enterprise Value/Gross Profit9.77
Enterprise Value/Ebitda8.51
Forecast
1Y Price Target
$77.00Price Target Upside7.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Cogent Comms News
Bulls Say, Bears Say
Bulls Say
Acquisition BenefitsThe acquisition of Sprint Wireline brought a new wavelength business growth vector, payments from TMUS, and a material cost savings opportunity.
EBITDA GrowthSignificant cost takeout activities suggest a sustainable path to accelerating EBITDA growth.
Investor InterestInvestor interest in Cogent has begun to increase given recent industry activity tied to fiber operators.
Bears Say
EarningsWavelength sales in the first and second quarters both came in below Street estimates and well below management’s targets.
Financial PerformanceTotal revenues declined -1.5% quarter over quarter, primarily attributed to the grooming of low-margin off-net connections and eliminating of non-core products.
ValuationThe 12-month forward business outlook does not support the stock’s current valuation.
---
Ownership Overview
10.41% Insiders
26.11% Mutual Funds
61.62% Other Institutional Investors
1.86% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
CCOI FAQ
What was Cogent Communications’s price range in the past 12 months?
Cogent Communications lowest stock price was $50.80 and its highest was $86.00 in the past 12 months.
What is Cogent Communications’s market cap?
Currently, no data Available
When is Cogent Communications’s upcoming earnings report date?
Cogent Communications’s upcoming earnings report date is Nov 07, 2024 which is in 48 days.
How were Cogent Communications’s earnings last quarter?
Cogent Communications released its earnings results on Aug 08, 2024. The company reported -$0.68 earnings per share for the quarter, beating the consensus estimate of -$1.265 by $0.585.
Is Cogent Communications overvalued?
According to Wall Street analysts Cogent Communications’s price is currently Undervalued.
Does Cogent Communications pay dividends?
Cogent Communications pays a Quarterly dividend of $0.98 which represents an annual dividend yield of 5.52%. See more information on Cogent Communications dividends here
What is Cogent Communications’s EPS estimate?
Cogent Communications’s EPS estimate is -$1.19.
How many shares outstanding does Cogent Communications have?
Cogent Communications has 49,004,160 shares outstanding.
What happened to Cogent Communications’s price movement after its last earnings report?
Cogent Communications reported an EPS of -$0.68 in its last earnings report, beating expectations of -$1.265. Following the earnings report the stock price went up 1.938%.
Which hedge fund is a major shareholder of Cogent Communications?
Among the largest hedge funds holding Cogent Communications’s share is EdgePoint Investment Group Inc.. It holds Cogent Communications’s shares valued at 87M.
---
Cogent Comms Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$77.00 (7.72% Upside)
$77.00 (7.72% Upside)
Blogger Sentiment
Bullish
CCOI Sentiment 85%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 732.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $9.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.7%
Last 30 Days <0.1%
Last 30 Days <0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.18%
12-Months-Change
Fundamentals
Return on Equity
9.59%
Trailing 12-Months
Asset Growth
5.74%
Trailing 12-Months
Company Description
Cogent Communications
Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol communications services. It offers internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.
---
CCOI Earnings Call
Q2 2024
0:00 / 0:00
---
CCOI Stock 12 Month Forecast
Average Price Target
$77.00
▲(7.72% Upside)
Technical Analysis
Lumen Technologies
―
Iridium Communications
―
Shenandoah Telecommunications Co
―
Consolidated Comms
―
Best Analysts Covering CCOI
1 Year
1 Year Success Rate
19/23 ratings generated profit
1 Year Average Return
+11.97%
reiterated a buy rating last month
Copying Timothy Horan's trades and holding each position for 1 Year would result in 82.61% of your transactions generating a profit, with an average return of +11.97% per trade.
---