Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Free Report) – Analysts at Zacks Research decreased their Q2 2026 earnings estimates for shares of Cogent Communications in a report issued on Friday, May 22nd. Zacks Research analyst Team now expects that the technology company will post earnings per share of ($1.30) for the quarter, down from their previous estimate of ($0.93). The consensus estimate for Cogent Communications’ current full-year earnings is ($3.90) per share. Zacks Research also issued estimates for Cogent Communications’ Q3 2026 earnings at ($0.94) EPS, Q4 2026 earnings at ($0.87) EPS, FY2026 earnings at ($3.94) EPS, Q1 2027 earnings at ($0.89) EPS, Q2 2027 earnings at ($0.98) EPS, Q3 2027 earnings at ($0.70) EPS, Q4 2027 earnings at ($0.85) EPS, FY2027 earnings at ($3.42) EPS, Q1 2028 earnings at ($0.61) EPS and FY2028 earnings at ($1.82) EPS.
Several other research firms also recently weighed in on CCOI. TD Cowen dropped their target price on shares of Cogent Communications from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Cogent Communications from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada decreased their target price on Cogent Communications from $22.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Citigroup dropped their price target on Cogent Communications from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, KeyCorp decreased their price objective on Cogent Communications from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.90.
Cogent Communications Stock Performance
Shares of NASDAQ:CCOI opened at $19.96 on Wednesday. Cogent Communications has a one year low of $14.82 and a one year high of $54.37. The company has a market capitalization of $999.60 million, a PE ratio of -5.62 and a beta of 0.85. The stock has a fifty day moving average of $19.71 and a 200-day moving average of $21.15.
Cogent Communications (NASDAQ:CCOI – Get Free Report) last released its earnings results on Monday, May 4th. The technology company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($1.03) by $0.20. The business had revenue of $239.19 million during the quarter, compared to analyst estimates of $241.31 million. Cogent Communications had a negative net margin of 17.53% and a negative return on equity of 842.48%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned ($1.09) earnings per share.
Cogent Communications Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.4%. Cogent Communications’s dividend payout ratio (DPR) is -2.25%.
Insider Transactions at Cogent Communications
In related news, CFO Thaddeus Gerard Weed sold 4,850 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $22.63, for a total value of $109,755.50. Following the completion of the sale, the chief financial officer owned 202,750 shares of the company’s stock, valued at approximately $4,588,232.50. The trade was a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lewis H. Ferguson sold 2,206 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $23.03, for a total value of $50,804.18. Following the completion of the transaction, the director owned 20,449 shares in the company, valued at $470,940.47. This represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,756 shares of company stock valued at $292,467 in the last quarter. Corporate insiders own 4.20% of the company’s stock.
Institutional Investors Weigh In On Cogent Communications
Several institutional investors and hedge funds have recently modified their holdings of CCOI. Vanguard Group Inc. boosted its holdings in Cogent Communications by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 5,580,271 shares of the technology company’s stock worth $120,311,000 after purchasing an additional 217,450 shares in the last quarter. Turtle Creek Asset Management Inc. increased its holdings in shares of Cogent Communications by 64.9% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock valued at $176,561,000 after acquiring an additional 1,811,222 shares during the last quarter. State Street Corp raised its stake in shares of Cogent Communications by 6.8% in the 4th quarter. State Street Corp now owns 2,070,132 shares of the technology company’s stock valued at $44,632,000 after acquiring an additional 132,454 shares in the last quarter. Park West Asset Management LLC bought a new position in shares of Cogent Communications in the 4th quarter valued at approximately $30,380,000. Finally, Invesco Ltd. lifted its holdings in Cogent Communications by 39.8% in the 3rd quarter. Invesco Ltd. now owns 1,402,612 shares of the technology company’s stock worth $53,790,000 after purchasing an additional 399,339 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.
About Cogent Communications
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.
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