Cogent Communications (CCOI) Projected to Post Earnings on Thursday

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

Cogent Communications Price Performance

Cogent Communications stock opened at $79.22 on Wednesday. Cogent Communications has a 1 year low of $50.80 and a 1 year high of $86.76. The company has a debt-to-equity ratio of 5.87, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 101.56 and a beta of 0.40. The firm has a 50-day moving average of $76.66 and a two-hundred day moving average of $77.05.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CRO James Bubeck sold 1,920 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 51,462 shares in the company, valued at $4,190,036.04. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Henry W. Kilmer sold 4,800 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $75.61, for a total transaction of $362,928.00. Following the transaction, the vice president now owns 33,800 shares of the company’s stock, valued at approximately $2,555,618. This trade represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,440 shares of company stock worth $1,057,910 in the last 90 days. 11.40% of the stock is owned by corporate insiders.

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.