Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Free Report) – Equities researchers at Zacks Research upped their Q3 2026 earnings estimates for shares of Cogent Communications in a research report issued to clients and investors on Friday, October 23rd. Zacks Research analyst Team now forecasts that the technology company will post earnings per share of ($0.92) for the quarter, up from their prior forecast of ($0.93). The consensus estimate for Cogent Communications’ current full-year earnings is ($3.13) per share. Zacks Research also issued estimates for Cogent Communications’ FY2026 earnings at ($3.30) EPS, Q1 2027 earnings at ($0.80) EPS, Q2 2027 earnings at ($0.78) EPS, FY2027 earnings at ($2.96) EPS, Q1 2028 earnings at ($0.67) EPS, Q2 2028 earnings at ($0.47) EPS, Q3 2028 earnings at ($0.51) EPS and FY2028 earnings at ($2.18) EPS.
Cogent Communications (NASDAQ:CCOI – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.00) by $2.38. The business had revenue of $235.56 million during the quarter, compared to analyst estimates of $239.55 million. During the same quarter last year, the company posted ($1.21) earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year.
Several other analysts have also recently weighed in on the stock. KeyCorp reduced their price objective on shares of Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company cut their target price on Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. TD Cowen cut their target price on Cogent Communications from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $9.00 price target (down from $22.00) on shares of Cogent Communications in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded Cogent Communications from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.55.
View Our Latest Analysis on CCOI
Cogent Communications Stock Performance
Shares of NASDAQ:CCOI opened at $7.36 on Tuesday. The firm has a market cap of $376.98 million, a PE ratio of -7.67 and a beta of 0.81. The firm’s fifty day moving average is $8.89 and its 200-day moving average is $16.11. Cogent Communications has a 52 week low of $7.04 and a 52 week high of $44.31.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Turtle Creek Asset Management Inc. boosted its stake in Cogent Communications by 7.7% during the first quarter. Turtle Creek Asset Management Inc. now owns 4,348,897 shares of the technology company’s stock worth $81,933,000 after acquiring an additional 312,050 shares in the last quarter. Magnolia Group LLC increased its stake in Cogent Communications by 3.5% in the first quarter. Magnolia Group LLC now owns 1,290,204 shares of the technology company’s stock valued at $24,307,000 after purchasing an additional 43,867 shares in the last quarter. Newtyn Management LLC increased its stake in Cogent Communications by 3.5% in the second quarter. Newtyn Management LLC now owns 1,655,895 shares of the technology company’s stock valued at $22,984,000 after purchasing an additional 55,895 shares in the last quarter. Granahan Investment Management LLC increased its stake in Cogent Communications by 46.3% in the first quarter. Granahan Investment Management LLC now owns 317,447 shares of the technology company’s stock valued at $5,981,000 after purchasing an additional 100,422 shares in the last quarter. Finally, FourWorld Capital Management LLC acquired a new position in shares of Cogent Communications during the first quarter valued at about $5,002,000. Institutional investors and hedge funds own 92.45% of the company’s stock.
Insider Buying and Selling at Cogent Communications
In other Cogent Communications news, CFO Thaddeus Weed sold 4,850 shares of Cogent Communications stock in a transaction that occurred on Wednesday, September 2nd. The stock was 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 directly owned 193,050 shares in the company, valued at approximately $1,808,878.50. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.20% of the company’s stock.
Cogent Communications Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. Cogent Communications’s dividend payout ratio (DPR) is -8.33%.
Cogent Communications Company Profile
Cogent Communications Holdings, Inc (NASDAQ: CCOI) is a telecommunications company that provides high-speed Internet connectivity and data transport services to businesses, telecommunications carriers, content providers, government agencies and educational institutions. The company operates a global, facilities-based fiber-optic network and is recognized as a Tier 1 Internet service provider.
Cogent’s offerings include dedicated Internet access, IP transit, Ethernet and other private network connectivity services.
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