Cogent CommunicationsCCOI
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, where the firm provides 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 nearly 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: 1,916
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
173% more call options, than puts
Call options by funds: $16.4M | Put options by funds: $6M
39% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 33
2% more funds holding
Funds holding: 312 [Q4 2024] → 319 (+7) [Q1 2025]
1.56% less ownership
Funds ownership: 94.79% [Q4 2024] → 93.23% (-1.56%) [Q1 2025]
12% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 115
21% less capital invested
Capital invested by funds: $3.58B [Q4 2024] → $2.82B (-$761M) [Q1 2025]
27% less funds holding in top 10
Funds holding in top 10: 15 [Q4 2024] → 11 (-4) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
UBS Christopher Schoell | 60%upside $75 | Buy Maintained | 9 May 2025 |
Goldman Sachs James Schneider | 32%upside $62 | Neutral Maintained | 9 May 2025 |
Financial journalist opinion
Based on 3 articles about CCOI published over the past 30 days









