Cogent Communications (CCOI) Expected to Announce Quarterly Earnings on Thursday

Cogent Communications (NASDAQ:CCOI) will likely be releasing its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.88) per share and revenue of $250.81 million for the quarter.

Cogent Communications (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.91) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.22) by $0.31. Cogent Communications had a negative return on equity of 36.31% and a net margin of 3.73%. The company had revenue of $252.29 million during the quarter, compared to analyst estimates of $258.49 million. On average, analysts expect Cogent Communications to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Cogent Communications Stock Performance

NASDAQ:CCOI opened at $55.09 on Wednesday. Cogent Communications has a twelve month low of $47.54 and a twelve month high of $86.76. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87. The stock has a market cap of $2.72 billion, a P/E ratio of 70.62 and a beta of 0.76. The business’s 50-day moving average price is $60.38 and its two-hundred day moving average price is $72.16.

Cogent Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 13th were given a dividend of $1.005 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Cogent Communications’s previous quarterly dividend of $1.00. This represents a $4.02 annualized dividend and a yield of 7.30%. Cogent Communications’s payout ratio is presently -93.49%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cogent Communications to a “sell” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.25.

Insiders Place Their Bets

In other Cogent Communications news, CFO Thaddeus Gerard Weed sold 4,900 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $72.06, for a total value of $353,094.00. Following the transaction, the chief financial officer now owns 103,000 shares in the company, valued at approximately $7,422,180. The trade was a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO James Bubeck sold 2,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $71.67, for a total transaction of $143,340.00. Following the sale, the executive now owns 57,142 shares of the company’s stock, valued at approximately $4,095,367.14. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,681 shares of company stock valued at $840,878 over the last three months. Insiders own 11.40% of the company’s stock.

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, 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.