Cogent Communications (NASDAQ:CCOI) Trading 5.7% Higher – Here’s Why

Posted by Francis Steltz on Jul 22nd, 2026

Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Get Free Report)’s share price rose 5.7% during trading on Monday . The stock traded as high as $11.63 and last traded at $11.59. Approximately 156,587 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,226,983 shares. The stock had previously closed at $10.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCOI. TD Cowen reissued a “buy” rating on shares of Cogent Communications in a research note on Monday, June 22nd. Citigroup decreased their price objective on shares of Cogent Communications from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of Cogent Communications from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. UBS Group decreased their price target on shares of Cogent Communications from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $22.00 price target on shares of Cogent Communications in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.90.

View Our Latest Stock Analysis on CCOI

Cogent Communications Stock Performance

The stock has a market capitalization of $636.02 million, a PE ratio of -3.58 and a beta of 0.80. The business has a 50 day moving average of $15.14 and a two-hundred day moving average of $19.42.

Cogent Communications (NASDAQ:CCOI – Get Free Report) last posted its earnings results on Monday, May 4th. The technology company reported ($0.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.03) by $0.20. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 17.53%.The company had revenue of $239.19 million for the quarter, compared to analyst estimates of $241.31 million. During the same quarter in the previous year, the firm earned ($1.09) earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Cogent Communications Holdings, Inc. will post -4.25 EPS for the current fiscal year.

Cogent Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, May 18th. Cogent Communications’s dividend payout ratio is currently -2.25%.

Insiders Place Their Bets

In other Cogent Communications news, CFO Thaddeus Gerard Weed sold 4,850 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $16.79, for a total value of $81,431.50. Following the completion of the sale, the chief financial officer directly owned 197,900 shares in the company, valued at approximately $3,322,741. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Henry W. Kilmer sold 2,400 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $17.01, for a total value of $40,824.00. Following the completion of the sale, the vice president directly owned 38,600 shares of the company’s stock, valued at approximately $656,586. This represents a 5.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cogent Communications

Several hedge funds and other institutional investors have recently modified their holdings of CCOI. Turtle Creek Asset Management Inc. increased its holdings in shares of Cogent Communications by 64.9% in the third quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock valued at $176,561,000 after purchasing an additional 1,811,222 shares during the period. Park West Asset Management LLC acquired a new stake in Cogent Communications during the 4th quarter valued at approximately $30,380,000. Bank of America Corp DE boosted its holdings in shares of Cogent Communications by 551.2% in the 3rd quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company’s stock valued at $43,965,000 after acquiring an additional 970,367 shares during the last quarter. MIG Capital LLC acquired a new stake in shares of Cogent Communications in the fourth quarter worth $12,272,000. Finally, First Trust Advisors LP raised its holdings in shares of Cogent Communications by 86.8% during the fourth quarter. First Trust Advisors LP now owns 1,177,398 shares of the technology company’s stock worth $25,385,000 after purchasing an additional 547,188 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

About Cogent Communications

(Get Free Report)

Cogent Communications (NASDAQ:CCOI) is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent’s core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.

In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.