Cogent Communications Holdings, Inc. Forecasted to Post Q1 2025 Earnings of ($1.19) Per Share (NASDAQ:CCOI)

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Research analysts at Zacks Research decreased their Q1 2025 EPS estimates for shares of Cogent Communications in a research note issued on Tuesday, October 8th. Zacks Research analyst R. Department now anticipates that the technology company will earn ($1.19) per share for the quarter, down from their previous estimate of ($1.16). The consensus estimate for Cogent Communications’ current full-year earnings is ($4.46) per share. Zacks Research also issued estimates for Cogent Communications’ Q3 2025 earnings at ($0.89) EPS, Q4 2025 earnings at ($0.83) EPS, FY2025 earnings at ($4.01) EPS, Q1 2026 earnings at ($0.54) EPS, Q2 2026 earnings at ($0.48) EPS, Q3 2026 earnings at ($0.26) EPS and FY2026 earnings at ($1.44) EPS.

CCOI has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Cogent Communications from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. The Goldman Sachs Group upped their target price on shares of Cogent Communications from $62.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of Cogent Communications in a report on Tuesday, September 3rd. TD Cowen increased their price objective on Cogent Communications from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Bank of America cut Cogent Communications from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $75.00 to $65.00 in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.14.

Cogent Communications Price Performance

CCOI stock opened at $80.45 on Friday. The business’s fifty day moving average price is $72.90 and its 200 day moving average price is $65.02. Cogent Communications has a 12-month low of $50.80 and a 12-month high of $86.00. The company has a market capitalization of $3.94 billion, a PE ratio of 3.19 and a beta of 0.41. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.43.

Cogent Communications (NASDAQ:CCOI) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.27) by $0.59. Cogent Communications had a negative return on equity of 32.14% and a net margin of 4.26%. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $264.32 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year.

Cogent Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a $0.985 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $3.94 dividend on an annualized basis and a yield of 4.90%. This is a positive change from Cogent Communications’s previous quarterly dividend of $0.98. Cogent Communications’s dividend payout ratio is presently 15.61%.

Insider Buying and Selling at Cogent Communications

In related news, Director Lewis H. Ferguson sold 1,550 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $72.62, for a total transaction of $112,561.00. Following the transaction, the director now owns 17,748 shares of the company’s stock, valued at approximately $1,288,859.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lewis H. Ferguson sold 1,550 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $72.62, for a total value of $112,561.00. Following the transaction, the director now directly owns 17,748 shares in the company, valued at $1,288,859.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dave Schaeffer sold 60,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $72.82, for a total transaction of $4,369,200.00. Following the sale, the chief executive officer now directly owns 4,373,038 shares of the company’s stock, valued at approximately $318,444,627.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,870 shares of company stock worth $4,716,057. 11.40% of the stock is owned by insiders.

Institutional Trading of Cogent Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. EdgePoint Investment Group Inc. increased its holdings in shares of Cogent Communications by 46.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,537,196 shares of the technology company’s stock worth $86,759,000 after acquiring an additional 485,628 shares during the period. Harspring Capital Management LLC lifted its position in shares of Cogent Communications by 6.0% in the 2nd quarter. Harspring Capital Management LLC now owns 1,176,500 shares of the technology company’s stock valued at $66,402,000 after acquiring an additional 66,500 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Cogent Communications by 2,739.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,035,261 shares of the technology company’s stock valued at $58,430,000 after acquiring an additional 998,796 shares in the last quarter. Capital World Investors lifted its position in shares of Cogent Communications by 327.7% in the first quarter. Capital World Investors now owns 981,623 shares of the technology company’s stock worth $64,129,000 after purchasing an additional 752,133 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Cogent Communications by 18.9% in the 2nd quarter. Hood River Capital Management LLC now owns 874,174 shares of the technology company’s stock valued at $49,338,000 after buying an additional 138,680 shares during the period. 92.45% of the stock is owned by institutional investors.

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.