Cogent Communications (CCOI) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CCOI shares.
View CCOI analyst ratings or view top-rated stocks.

6 brokerages have issued 1-year price objectives for Cogent Communications' shares. Their CCOI share price targets range from $67.00 to $88.00. On average, they expect the company's share price to reach $77.57 in the next year. This suggests a possible upside of 21.7% from the stock's current price.
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Cogent Communications' stock was trading at $76.06 at the beginning of 2024. Since then, CCOI shares have decreased by 16.2% and is now trading at $63.74.
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Cogent Communications saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,570,000 shares, a drop of 17.9% from the March 15th total of 3,130,000 shares. Based on an average trading volume of 416,600 shares, the days-to-cover ratio is presently 6.2 days. Currently, 6.1% of the shares of the company are short sold.
View Cogent Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CCOI earnings forecast.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) released its quarterly earnings results on Thursday, February, 29th. The technology company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.95) by $0.79. The technology company earned $272.10 million during the quarter, compared to analyst estimates of $275.82 million. Cogent Communications had a net margin of 135.34% and a negative trailing twelve-month return on equity of 23.66%.

Cogent Communications declared a quarterly dividend on Wednesday, February 28th. Investors of record on Friday, March 15th will be paid a dividend of $0.965 per share on Tuesday, April 9th. This represents a $3.86 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.96.
Read our dividend analysis for CCOI.

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.86 per share and currently has a dividend yield of 6.12%. CCOI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 14.43%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CCOI.

ETFs with the largest weight of Cogent Communications (NASDAQ:CCOI) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Telecom ETF (XTL), Roundhill IO Digital Infrastructure ETF (BYTE), Invesco High Yield Equity Dividend Achievers ETF (PEY), Global SuperDividend US ETF (DIV), FIS Biblically Responsible Risk Managed ETF (PRAY), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Harbor Dividend Growth Leaders ETF (GDIV).

214 employees have rated Cogent Communications Chief Executive Officer Dave Schaeffer on Glassdoor.com. Dave Schaeffer has an approval rating of 43% among the company's employees. This puts Dave Schaeffer in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cogent Communications investors own include Energy Transfer (ET), Intel (INTC), Dominion Energy (D), Pfizer (PFE), AbbVie (ABBV), Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), NVIDIA (NVDA), Ford Motor (F) and Gilead Sciences (GILD).

Cogent Communications' stock is owned by a number of institutional and retail investors. Top institutional investors include Capital Insight Partners LLC (0.13%), NBC Securities Inc. (0.11%), Hennion & Walsh Asset Management Inc. (0.03%), Prairieview Wealth Partners LLC (0.02%), First Hawaiian Bank (0.01%) and BTC Capital Management Inc. (0.01%). Insiders that own company stock include Blake Bath, Dave Schaeffer, David Allen Kapp, Henry W Kilmer, James Bubeck, John B Chang, Lewis H Ferguson, Marc Montagner, Mariana Garavaglia, Raymond B Kummer, Sean Robert Wallace, Sheryl Lynn Kennedy, Steven D Brooks, Thaddeus Gerard Weed and Timothy G Oneill.
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Shares of CCOI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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