Cogent Communications (CCOI) Projected to Post Earnings on Thursday

Cogent Communications (NASDAQ:CCOI) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($1.22) per share and revenue of $258.49 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Cogent Communications Stock Performance

Cogent Communications stock opened at $83.44 on Thursday. The stock has a 50-day simple moving average of $76.32 and a 200 day simple moving average of $76.65. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 5.87. Cogent Communications has a 12-month low of $50.80 and a 12-month high of $86.76. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 106.97 and a beta of 0.40.

Analyst Ratings Changes

Separately, UBS Group started coverage on Cogent Communications in a report on Thursday, November 14th. They issued a “buy” rating and a $102.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Cogent Communications presently has an average rating of “Hold” and an average price target of $80.25.

Insider Buying and Selling

In other news, CRO James Bubeck sold 1,920 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $81.42, for a total transaction of $156,326.40. Following the completion of the transaction, the executive now directly owns 51,462 shares in the company, valued at approximately $4,190,036.04. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thaddeus Gerard Weed sold 4,800 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $81.58, for a total value of $391,584.00. Following the transaction, the chief financial officer now owns 88,500 shares of the company’s stock, valued at $7,219,830. The trade was a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,440 shares of company stock worth $1,057,910 over the last three months. 11.00% of the stock is currently owned by company insiders.

About Cogent Communications

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.