What is Zacks Research’s Forecast for CCOI FY2026 Earnings?

Cogent Communications Holdings, Inc. (NASDAQ:CCOIFree Report) – Investment analysts at Zacks Research increased their FY2026 earnings per share (EPS) estimates for Cogent Communications in a research report issued to clients and investors on Friday, September 18th. Zacks Research analyst Team now anticipates that the technology company will earn ($3.31) per share for the year, up from their prior estimate of ($3.32). The consensus estimate for Cogent Communications’ current full-year earnings is ($3.01) per share. Zacks Research also issued estimates for Cogent Communications’ Q4 2026 earnings at ($0.75) EPS, Q3 2027 earnings at ($0.65) EPS, Q4 2027 earnings at ($0.72) EPS, FY2027 earnings at ($2.97) EPS, Q1 2028 earnings at ($0.68) EPS, Q2 2028 earnings at ($0.48) EPS and FY2028 earnings at ($2.19) EPS.

Cogent Communications (NASDAQ:CCOIGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of ($1.00) by $2.38. The business had revenue of $235.56 million during the quarter, compared to analysts’ expectations of $239.55 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The business’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.21) earnings per share.

A number of other research firms have also recently weighed in on CCOI. JPMorgan Chase & Co. restated an “underweight” rating and set a $9.00 price objective (down from $22.00) on shares of Cogent Communications in a research report on Wednesday, August 19th. Royal Bank Of Canada cut their target price on shares of Cogent Communications from $18.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cogent Communications in a research note on Monday, August 17th. Wall Street Zen upgraded Cogent Communications from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Citigroup cut their price objective on Cogent Communications from $20.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.55.

View Our Latest Stock Analysis on CCOI

Cogent Communications Stock Performance

Cogent Communications stock opened at $9.29 on Tuesday. The company’s fifty day moving average price is $10.76 and its 200 day moving average price is $15.53. Cogent Communications has a 1 year low of $8.56 and a 1 year high of $45.69. The stock has a market capitalization of $475.83 million, a P/E ratio of -9.68 and a beta of 0.77.

Institutional Investors Weigh In On Cogent Communications

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Cogent Communications during the fourth quarter worth $28,000. Parallel Advisors LLC raised its holdings in shares of Cogent Communications by 208.6% during the 1st quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company’s stock worth $27,000 after acquiring an additional 968 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Cogent Communications by 313.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,127 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Cogent Communications during the 2nd quarter valued at about $26,000. Finally, Nykredit A S purchased a new stake in shares of Cogent Communications in the second quarter valued at about $32,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cogent Communications

In other Cogent Communications news, CFO Thaddeus Weed sold 4,850 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.37, for a total value of $45,444.50. Following the completion of the sale, the chief financial officer owned 193,050 shares in the company, valued at approximately $1,808,878.50. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Cogent Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a dividend of $0.02 per share. The ex-dividend date was Friday, August 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.9%. Cogent Communications’s payout ratio is presently -8.33%.

About Cogent Communications

(Get Free Report)

Cogent Communications Holdings, Inc is a telecommunications company that provides high-speed Internet connectivity and other communications services to businesses, service providers and other organizations. Through its wholly owned subsidiary, Cogent Communications, the company operates a global, facilities-based network designed to deliver reliable data transport and Internet access.

Cogent’s primary services include dedicated Internet access, IP transit, Ethernet transport and colocation.

See Also

Earnings History and Estimates for Cogent Communications (NASDAQ:CCOI)

Receive News & Ratings for Cogent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogent Communications and related companies with MarketBeat.com's FREE daily email newsletter.