Cogent Communications (NASDAQ:CCOI) Stock Price Down 6.6% – Here’s Why

Posted by George Bondi on Jun 29th, 2026

Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Get Free Report) shares fell 6.6% during mid-day trading on Monday . The company traded as low as $12.50 and last traded at $12.5190. 355,689 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,211,597 shares. The stock had previously closed at $13.41.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group dropped their target price on shares of Cogent Communications from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. TD Cowen reissued a “buy” rating on shares of Cogent Communications in a research note on Monday, June 22nd. Wall Street Zen upgraded shares of Cogent Communications from a “strong sell” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $22.00 target price on shares of Cogent Communications in a research note on Friday, May 29th. Finally, Wells Fargo & Company lowered their target price on shares of Cogent Communications from $23.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.90.

Check Out Our Latest Analysis on CCOI

Cogent Communications Stock Performance

The stock has a market cap of $649.79 million, a PE ratio of -3.67 and a beta of 0.77. The firm has a 50-day moving average price of $18.09 and a 200-day moving average price of $20.61.

Cogent Communications (NASDAQ:CCOI – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The technology company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates 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%. Cogent Communications’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned ($1.09) EPS. As a group, sell-side analysts anticipate that Cogent Communications Holdings, Inc. will post -4.25 EPS for the current fiscal year.

Cogent Communications Announces Dividend

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

Insiders Place Their Bets

In other Cogent Communications news, CFO Thaddeus Gerard Weed sold 4,850 shares of the business’s 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 transaction, the chief financial officer owned 197,900 shares of the company’s stock, valued at approximately $3,322,741. The trade was a 2.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Henry W. Kilmer sold 2,400 shares of Cogent Communications stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.01, for a total transaction of $40,824.00. Following the transaction, the vice president owned 38,600 shares in the company, valued at approximately $656,586. This trade represents a 5.85% decrease in their position. The SEC filing for this sale provides additional information. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Cogent Communications

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in Cogent Communications during the first quarter valued at $202,000. Goldman Sachs Group Inc. lifted its position in Cogent Communications by 26.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 476,513 shares of the technology company’s stock worth $29,215,000 after acquiring an additional 100,969 shares during the period. Empowered Funds LLC lifted its holdings in shares of Cogent Communications by 10.3% in the first quarter. Empowered Funds LLC now owns 5,466 shares of the technology company’s stock valued at $335,000 after purchasing an additional 510 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Cogent Communications by 23.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,791 shares of the technology company’s stock valued at $9,919,000 after buying an additional 30,630 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Cogent Communications in the 1st quarter valued at about $104,000. Institutional investors own 92.45% of the company’s stock.

Cogent Communications Company Profile

(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.