Research Analysts Offer Predictions for CCOI FY2026 Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Research analysts at Zacks Research decreased their FY2026 earnings per share (EPS) estimates for shares of Cogent Communications in a research report issued on Wednesday, April 23rd. Zacks Research analyst R. Department now forecasts that the technology company will earn ($2.06) per share for the year, down from their prior forecast of ($2.05). The consensus estimate for Cogent Communications’ current full-year earnings is ($4.55) per share. Zacks Research also issued estimates for Cogent Communications’ FY2027 earnings at ($0.04) EPS.

Cogent Communications (NASDAQ:CCOI) last released its earnings results on Thursday, February 27th. The technology company reported ($0.91) earnings per share for the quarter, topping the consensus estimate of ($1.22) by $0.31. Cogent Communications had a negative return on equity of 36.31% and a net margin of 3.73%. The firm had revenue of $252.29 million for the quarter, compared to the consensus estimate of $258.49 million.

Separately, StockNews.com upgraded shares of Cogent Communications to a “sell” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Cogent Communications currently has an average rating of “Hold” and a consensus target price of $80.25.

Cogent Communications Price Performance

CCOI opened at $53.53 on Friday. Cogent Communications has a 1 year low of $47.54 and a 1 year high of $86.76. The company has a debt-to-equity ratio of 5.87, a quick ratio of 2.03 and a current ratio of 2.03. The company’s 50 day simple moving average is $63.80 and its 200 day simple moving average is $73.55. The stock has a market capitalization of $2.64 billion, a PE ratio of 68.63 and a beta of 0.69.

Cogent Communications Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 13th were given a dividend of $1.005 per share. This is a positive change from Cogent Communications’s previous quarterly dividend of $1.00. This represents a $4.02 annualized dividend and a dividend yield of 7.51%. The ex-dividend date was Thursday, March 13th. Cogent Communications’s dividend payout ratio is currently -93.49%.

Insider Activity

In other news, Director Sheryl Lynn Kennedy sold 1,425 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $72.96, for a total value of $103,968.00. Following the completion of the sale, the director now owns 10,147 shares in the company, valued at $740,325.12. This represents a 12.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lewis H. Ferguson sold 956 shares of Cogent Communications stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $69.36, for a total transaction of $66,308.16. Following the completion of the transaction, the director now directly owns 18,652 shares in the company, valued at $1,293,702.72. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,681 shares of company stock valued at $840,878. Company insiders own 11.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Cogent Communications by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,114,596 shares of the technology company’s stock worth $394,182,000 after purchasing an additional 43,523 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Cogent Communications by 24.1% in the fourth quarter. Brown Advisory Inc. now owns 1,897,090 shares of the technology company’s stock valued at $146,209,000 after purchasing an additional 368,129 shares during the period. Hood River Capital Management LLC lifted its position in Cogent Communications by 21.8% during the 4th 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. DigitalBridge Group Inc. boosted its stake in Cogent Communications by 246.0% during the 4th quarter. DigitalBridge Group Inc. now owns 907,916 shares of the technology company’s stock valued at $69,973,000 after purchasing an additional 645,521 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Cogent Communications by 45.7% in the fourth quarter. Ameriprise Financial Inc. now owns 752,158 shares of the technology company’s stock valued at $57,961,000 after acquiring an additional 235,842 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.