Cogent Communications
CCOI

$68.56

3%

Market Cap: 3.36B

About: Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.

Employees: 1,955

Communication Services Communications Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 9 analysts

0

News positive %

of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

3.73% more ownership

Funds ownership: 90.14% [Q4 2023] → 93.87% (+3.73%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 10 [Q4 2023] → 10 (+0) [Q1 2024]

0% less funds holding

Funds holding: 307 [Q4 2023] → 306 (-1) [Q1 2024]

2% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 46

13% less capital invested

Capital invested by funds: $3.33B [Q4 2023] → $2.9B (-$430M) [Q1 2024]

16% less repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 117

52% less call options, than puts

Call options by funds: $6.68M | Put options by funds: $13.8M

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$56

18%

downside

Avg. target

$79

15%

upside

High target

$105

53%

upside

9 analyst ratings

5 positive

56%

4 neutral

44%

0 negative

0%

Goldman Sachs James Schneider	18%downside $56	Neutral Initiated	1 Jul 2024
JP Morgan Sebastiano Petti	2%upside $70	Neutral Maintained	13 May 2024
TD Cowen Gregory Williams	14%upside $78	Buy Maintained	10 May 2024
Keybanc Josh Beck	17%upside $80	Overweight Maintained	10 May 2024
MoffettNathanson Nick DelDeo	53%upside $105	Buy Maintained	11 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about CCOI published over the past 30 days

Cogent Communications CEO to Present at Four Upcoming Conferences

WASHINGTON , July 25, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc.("Cogent") (NASDAQ: CCOI), one of the largest Internet service providers in the world, today announced that Dave Schaeffer, Cogent's Chief Executive Officer, will present at the following conferences: The KeyBanc Capital Markets Technology Leadership Forum is being held in Vail, CO. Dave Schaeffer will be presenting on Monday, August 5th at 11:00 a.m.

Cogent Communications CEO to Present at Four Upcoming Conferences

Cogent Communications to Host Second Quarter 2024 Earnings Call on August 8, 2024

WASHINGTON , July 17, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. ("Cogent") (NASDAQ: CCOI) will host a conference call at 8:30 a.m. (ET) on August 8, 2024 to present Cogent's operating results for the second quarter of 2024 and answer questions.

Cogent Communications to Host Second Quarter 2024 Earnings Call on August 8, 2024

Zacks Investment Research

New Strong Sell Stocks for July 15th

AMCX, CCOI and HAYN have been added to the Zacks Rank #5 (Strong Sell) List on July 15, 2024.

New Strong Sell Stocks for July 15th

Zacks Investment Research

Cogent (CCOI) Soars 9.1%: Is Further Upside Left in the Stock?

Cogent (CCOI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Cogent (CCOI) Soars 9.1%: Is Further Upside Left in the Stock?

3 5G Stocks to Sell in July Before They Crash & Burn

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Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 6% Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 6% Dividend Yields

Cogent Communications: Enjoy Attractive Dividend Yield While The Business Grows Steadily

Cogent Communications is recommended as a buy due to the positive demand outlook and strong secular tailwinds. CCOI provides internet access to corporates, data centers, and enterprises, with potential growth from IPv4 addresses. CCOI offers an attractive dividend yield of ~7% and a potential total return upside of 37% in the base case.

Cogent Communications: Enjoy Attractive Dividend Yield While The Business Grows Steadily

Dividend Cut Alert: 3 High Yields Getting Risky

High-yield stocks can make for exceptional investments, especially when purchased on a value basis. However, many times, Mr. Market has a good reason for pricing a stock at a sky-high yield and a dirt-cheap valuation. I look at three high yields that are getting increasingly risky.

Dividend Cut Alert: 3 High Yields Getting Risky

Fast Movers: 3 Stocks to Catch Before They Soar

In today's adverse macroenvironment, three organizations are continuously searching for new and innovative ways to expand and solidify their position as top stocks to buy. This article delves into three companies that have demonstrated resilience and potential for significant growth, making them worth considering before they soar.

Fast Movers: 3 Stocks to Catch Before They Soar

Cogent Launches Notes Offering

WASHINGTON , June 5, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (the "Company" or "Cogent") today announced that two of its wholly owned subsidiaries, Cogent Communications Group, LLC (f/k/a Cogent Communications Group, Inc.) ("Cogent Group") and Cogent Finance, Inc. (the "Co-Issuer" and, together with Cogent Group, the "Issuers"), intend to commence an offering of $300.0 million aggregate principal amount of 7.000% senior notes due 2027 (the "Notes") to be offered and sold only to persons reasonably believed to be "qualified institutional buyers" in an unregistered offering pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States in compliance with Regulation S under the Securities Act. The Notes are expected to be guaranteed on a senior unsecured basis by Cogent Group's existing and future material domestic subsidiaries (other than the Co-Issuer), subject to certain exceptions.

Cogent Launches Notes Offering

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