Zacks Research Has Optimistic Outlook of CCOI Q3 Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Equities researchers at Zacks Research upped their Q3 2025 earnings per share (EPS) estimates for Cogent Communications in a note issued to investors on Wednesday, June 18th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of ($0.68) per share for the quarter, up from their previous estimate of ($0.69). The consensus estimate for Cogent Communications’ current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications’ FY2025 earnings at ($3.34) EPS and FY2026 earnings at ($2.45) EPS.

Cogent Communications (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported ($1.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.04). The company had revenue of $247.05 million for the quarter, compared to analysts’ expectations of $250.81 million. Cogent Communications had a negative net margin of 18.76% and a negative return on equity of 70.29%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.38) earnings per share.

Several other analysts also recently commented on CCOI. Wall Street Zen upgraded shares of Cogent Communications to a “sell” rating in a research report on Monday, March 3rd. UBS Group decreased their price target on Cogent Communications from $102.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, The Goldman Sachs Group dropped their price objective on Cogent Communications from $71.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.75.

Cogent Communications Price Performance

NASDAQ CCOI opened at $49.08 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 13.89. Cogent Communications has a 12 month low of $43.65 and a 12 month high of $86.76. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -12.24 and a beta of 0.72. The company’s 50 day moving average is $49.91 and its two-hundred day moving average is $64.08.

Cogent Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 8.23%. The ex-dividend date was Thursday, May 22nd. This is an increase from Cogent Communications’s previous quarterly dividend of $1.01. Cogent Communications’s dividend payout ratio is -100.75%.

Insider Activity

In related news, CEO Dave Schaeffer sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $48.67, for a total transaction of $973,400.00. Following the completion of the transaction, the chief executive officer now directly owns 4,131,721 shares of the company’s stock, valued at approximately $201,090,861.07. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thaddeus Gerard Weed sold 4,900 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $48.04, for a total value of $235,396.00. Following the transaction, the chief financial officer now owns 98,000 shares of the company’s stock, valued at $4,707,920. This represents a 4.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,500 shares of company stock worth $21,285,069 over the last 90 days. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Cogent Communications

Several large investors have recently bought and sold shares of the business. DigitalBridge Group Inc. grew its stake in shares of Cogent Communications by 246.0% in the 4th quarter. DigitalBridge Group Inc. now owns 907,916 shares of the technology company’s stock worth $69,973,000 after buying an additional 645,521 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Cogent Communications in the 4th quarter valued at about $39,845,000. EdgePoint Investment Group Inc. lifted its holdings in shares of Cogent Communications by 30.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,012,297 shares of the technology company’s stock valued at $123,374,000 after acquiring an additional 469,028 shares during the last quarter. Brown Advisory Inc. grew its position in Cogent Communications by 24.1% in the fourth quarter. Brown Advisory Inc. now owns 1,897,090 shares of the technology company’s stock worth $146,209,000 after acquiring an additional 368,129 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Cogent Communications by 21.8% during the fourth quarter. Hood River Capital Management LLC now owns 1,436,855 shares of the technology company’s stock worth $110,738,000 after acquiring an additional 257,383 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

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.