Zacks Research Issues Negative Forecast for CCOI Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Research analysts at Zacks Research dropped their Q1 2026 earnings estimates for shares of Cogent Communications in a research report issued on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the technology company will post earnings of ($1.00) per share for the quarter, down from their previous estimate of ($0.99). The consensus estimate for Cogent Communications’ current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications’ Q3 2026 earnings at ($0.91) EPS, Q4 2026 earnings at ($0.79) EPS, FY2026 earnings at ($3.65) EPS, Q1 2027 earnings at ($0.82) EPS, Q2 2027 earnings at ($0.46) EPS and FY2027 earnings at ($1.65) EPS.

Several other research firms also recently weighed in on CCOI. Citigroup downgraded shares of Cogent Communications from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $67.00 to $33.00 in a research report on Tuesday, August 12th. The Goldman Sachs Group started coverage on shares of Cogent Communications in a research report on Tuesday, September 2nd. They issued a “neutral” rating and a $40.00 target price for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $40.00 price target (down from $74.00) on shares of Cogent Communications in a report on Friday, August 8th. Finally, Wells Fargo & Company raised shares of Cogent Communications from an “underweight” rating to an “overweight” rating and set a $45.00 price target for the company in a report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.60.

Cogent Communications Price Performance

CCOI opened at $37.92 on Thursday. The company has a 50-day moving average of $40.93 and a 200-day moving average of $49.68. The company has a market capitalization of $1.86 billion, a P/E ratio of -8.35 and a beta of 0.81. Cogent Communications has a 1-year low of $29.61 and a 1-year high of $86.76. The company has a debt-to-equity ratio of 49.06, a quick ratio of 2.31 and a current ratio of 2.31.

Cogent Communications (NASDAQ:CCOI) last released its earnings results on Thursday, August 7th. The technology company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($0.28). The company had revenue of $246.25 million during the quarter, compared to the consensus estimate of $247.79 million. Cogent Communications had a negative return on equity of 117.56% and a negative net margin of 21.57%.Cogent Communications’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.68) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCOI. AlphaQuest LLC acquired a new position in Cogent Communications during the 1st quarter valued at about $36,000. Farther Finance Advisors LLC lifted its stake in shares of Cogent Communications by 297.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 740 shares of the technology company’s stock worth $36,000 after acquiring an additional 554 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Cogent Communications in the 2nd quarter worth approximately $40,000. Byrne Asset Management LLC acquired a new stake in shares of Cogent Communications in the 2nd quarter worth approximately $41,000. Finally, Resources Management Corp CT ADV acquired a new stake in shares of Cogent Communications in the 1st quarter worth approximately $48,000. 92.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cogent Communications

In other Cogent Communications news, VP Henry W. Kilmer sold 2,400 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.99, for a total transaction of $88,776.00. Following the completion of the transaction, the vice president directly owned 36,200 shares of the company’s stock, valued at $1,339,038. The trade was a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sheryl Lynn Kennedy sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $36.35, for a total transaction of $72,700.00. Following the transaction, the director directly owned 10,017 shares of the company’s stock, valued at $364,117.95. The trade was a 16.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,663,978 shares of company stock valued at $82,687,283 in the last ninety days. Company insiders own 11.40% of the company’s stock.

Cogent Communications Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Thursday, August 21st were paid a dividend of $1.015 per share. This represents a $4.06 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Thursday, August 21st. This is a positive change from Cogent Communications’s previous quarterly dividend of $1.01. Cogent Communications’s dividend payout ratio (DPR) is presently -89.43%.

Cogent Communications announced that its Board of Directors has authorized a share repurchase program on Thursday, August 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Cogent Communications Company Profile

Cogent Communications Holdings, Inc, through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Oceania, South America, and Africa. The company offers on-net Internet access and private network services to law firms, financial services firms, and advertising and marketing firms, as well as heath care providers, educational institutions and other professional services businesses, other Internet service providers, telephone companies, cable television companies, web hosting companies, media service providers, mobile phone operators, content delivery network companies, and commercial content and application service providers.