Cogent Communications (CCOI) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cogent Communications in the last year. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CCOI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCOI, but not buy additional shares or sell existing shares.
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9 analysts have issued 1-year price objectives for Cogent Communications' stock. Their CCOI share price forecasts range from $43.00 to $93.00. On average, they predict the company's stock price to reach $70.89 in the next year. This suggests a possible upside of 1.8% from the stock's current price.
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Cogent Communications' stock was trading at $57.08 at the start of the year. Since then, CCOI shares have increased by 22.0% and is now trading at $69.64.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CCOI earnings forecast.

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) released its quarterly earnings data on Thursday, May, 4th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The technology company earned $116.10 million during the quarter, compared to analyst estimates of $153.79 million. Cogent Communications had a net margin of 161.48% and a negative trailing twelve-month return on equity of 2.48%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share.

Cogent Communications announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Thursday, August 24th will be given a dividend of $0.945 per share on Friday, September 8th. This represents a $3.78 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Wednesday, August 23rd. This is an increase from the stock's previous quarterly dividend of $0.94.
Read our dividend analysis for CCOI.

ETFs with the largest weight of Cogent Communications (NASDAQ:CCOI) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Telecom ETF (XTL), Roundhill IO Digital Infrastructure ETF (BYTE), Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Global X SuperDividend U.S. ETF (DIV) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

Cogent Communications (NASDAQ:CCOI) pays an annual dividend of $3.74 per share and currently has a dividend yield of 5.37%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CCOI will have a dividend payout ratio of 204.37% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CCOI.

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 trades on the NASDAQ under the ticker symbol "CCOI."

Cogent Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.00%), Vaughan Nelson Investment Management L.P. (4.44%), Renaissance Technologies LLC (3.77%), Brown Advisory Inc. (2.74%), Dimensional Fund Advisors LP (2.07%) and Copeland Capital Management LLC (1.99%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCOI stock can currently be purchased for approximately $69.64.

Cogent Communications (NASDAQ:CCOI) has a market capitalization of $3.36 billion and generates $599.60 million in revenue each year. The technology company earns $5.15 million in net income (profit) each year or $23.63 on an earnings per share basis.

The company employs 1,076 workers across the globe.

Cogent Communications' mailing address is 2450 NORTH STREET NW, WASHINGTON DC, 20037. The official website for the company is www.cogentco.com. The technology company can be reached via phone at (202) 295-4200, via email at investor.relations@cogentco.com, or via fax at 202-338-8798.