Cogent Communications (NASDAQ:CCOI) Rating Lowered to “Sell” at Wall Street Zen

Cogent Communications (NASDAQ:CCOI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

CCOI has been the topic of a number of other research reports. UBS Group set a $9.00 price target on shares of Cogent Communications in a research note on Wednesday, August 19th. KeyCorp cut shares of Cogent Communications from an “overweight” rating to a “sector weight” rating in a report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Cogent Communications in a research note on Monday, August 17th. Citigroup cut their price target on shares of Cogent Communications from $20.00 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, August 13th. Finally, TD Cowen reduced their price target on shares of Cogent Communications from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Cogent Communications has a consensus rating of “Hold” and a consensus target price of $18.94.

Cogent Communications Stock Performance

Shares of NASDAQ:CCOI opened at $3.98 on Friday. Cogent Communications has a 52-week low of $3.56 and a 52-week high of $28.70. The firm has a market capitalization of $203.86 million, a P/E ratio of -5.61 and a beta of 0.80. The stock has a 50 day moving average price of $8.24 and a 200-day moving average price of $15.36.

Cogent Communications (NASDAQ:CCOI) last announced its earnings results on Thursday, November 5th. The technology company reported ($0.62) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.15. The business had revenue of $231.20 million for the quarter, compared to the consensus estimate of $234.57 million. During the same quarter last year, the firm posted ($0.87) EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts forecast that Cogent Communications will post -3.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cogent Communications news, CFO Thaddeus Weed sold 4,850 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.37, for a total transaction of $45,444.50. Following the transaction, the chief financial officer owned 193,050 shares in the company, valued at approximately $1,808,878.50. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CCOI. Turtle Creek Asset Management Inc. boosted its stake in shares of Cogent Communications by 7.7% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 4,348,897 shares of the technology company’s stock worth $81,933,000 after acquiring an additional 312,050 shares during the last quarter. Newtyn Management LLC raised its holdings in Cogent Communications by 3.5% in the 2nd quarter. Newtyn Management LLC now owns 1,655,895 shares of the technology company’s stock worth $22,984,000 after purchasing an additional 55,895 shares during the period. Granahan Investment Management LLC raised its holdings in Cogent Communications by 46.3% in the 1st quarter. Granahan Investment Management LLC now owns 317,447 shares of the technology company’s stock worth $5,981,000 after purchasing an additional 100,422 shares during the period. FourWorld Capital Management LLC purchased a new position in Cogent Communications during the first quarter valued at $5,002,000. Finally, Walleye Capital LLC lifted its position in Cogent Communications by 145.4% during the first quarter. Walleye Capital LLC now owns 239,557 shares of the technology company’s stock valued at $4,513,000 after purchasing an additional 141,949 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

Key Cogent Communications News

Here are the key news stories impacting Cogent Communications this week:

• Positive Sentiment: Cogent reported a Q3 loss of $0.62 per share, narrower than analysts’ roughly $0.77-per-share estimate and the $0.87 loss a year earlier. On-net revenue, including wavelengths, rose 2.4% sequentially to $153.9 million and was up 5.8% year over year. Cogent Communications Reports Third Quarter 2026 Results
• Negative Sentiment: UBS lowered its price target to $6 from $11 while maintaining a Neutral rating, and KeyBanc also downgraded the shares. The analyst actions are weighing on investor sentiment. UBS Adjusts Price Target Cogent Communications Shares Fall After KeyBanc Downgrade
• Negative Sentiment: Q3 revenue of $231.2 million fell short of expectations of about $234.6 million, declined 4.4% year over year, and was below the prior quarter’s $235.6 million in service revenue. The sales shortfall and ongoing revenue contraction appear to outweigh the narrower-than-expected loss. Cogent misses Q3 2026 sales expectations

About Cogent Communications

Cogent Communications Holdings, Inc (NASDAQ: CCOI) is a telecommunications company that provides high-speed Internet connectivity and data transport services to businesses, telecommunications carriers, content providers, government agencies and educational institutions. The company operates a global, facilities-based fiber-optic network and is recognized as a Tier 1 Internet service provider.

Cogent’s offerings include dedicated Internet access, IP transit, Ethernet and other private network connectivity services.