KeyCorp Analysts Increase Earnings Estimates for CCOI

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Analysts at KeyCorp upped their FY2026 EPS estimates for shares of Cogent Communications in a research note issued to investors on Thursday, November 5th. KeyCorp analyst B. Nispel now anticipates that the technology company will post earnings per share of ($3.15) for the year, up from their prior forecast of ($3.39). KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Cogent Communications’ current full-year earnings is ($3.13) per share. KeyCorp also issued estimates for Cogent Communications’ Q4 2026 earnings at ($0.90) EPS, Q1 2027 earnings at ($0.89) EPS, Q2 2027 earnings at ($0.92) EPS, Q3 2027 earnings at ($0.85) EPS, Q4 2027 earnings at ($0.80) EPS and FY2027 earnings at ($3.46) EPS.

Cogent Communications (NASDAQ:CCOI) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported ($0.62) EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned ($0.87) EPS. The company’s revenue was down 4.4% on a year-over-year basis.

CCOI has been the subject of several other reports. Royal Bank Of Canada lowered their target price on shares of Cogent Communications from $18.00 to $12.00 and set a “sector perform” rating for the company in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Cogent Communications in a research report on Monday, August 17th. Citigroup cut their price target on Cogent Communications from $11.50 to $5.20 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company reduced their price objective on Cogent Communications from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Finally, UBS Group set a $9.00 price objective on Cogent Communications in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.24.

Cogent Communications Stock Performance

Shares of CCOI opened at $4.45 on Tuesday. Cogent Communications has a fifty-two week low of $3.56 and a fifty-two week high of $28.70. The firm’s 50-day simple moving average is $8.14 and its two-hundred day simple moving average is $15.26. The stock has a market cap of $227.93 million, a PE ratio of -6.27 and a beta of 0.80.

Insider Activity

In other news, CFO Thaddeus Weed sold 4,850 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.37, for a total transaction of $45,444.50. Following the sale, the chief financial officer owned 193,050 shares in the company, valued at $1,808,878.50. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Cogent Communications

A number of hedge funds have recently added to or reduced their stakes in the company. FourWorld Capital Management LLC bought a new position in shares of Cogent Communications during the first quarter valued at $5,002,000. Granahan Investment Management LLC increased 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 buying an additional 100,422 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Cogent Communications by 341.1% in the 2nd quarter. Squarepoint Ops LLC now owns 226,035 shares of the technology company’s stock worth $3,137,000 after buying an additional 174,787 shares in the last quarter. Walleye Capital LLC raised its position in Cogent Communications by 145.4% in the 1st quarter. Walleye Capital LLC now owns 239,557 shares of the technology company’s stock worth $4,513,000 after buying an additional 141,949 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Cogent Communications in the 2nd quarter worth about $3,685,000. 92.45% of the stock is currently 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: KeyCorp raised its FY2026 EPS forecast to a loss of $3.15 per share from a loss of $3.39, indicating a smaller expected loss for that year. The firm retained its “Sector Weight” rating. Cogent Communications coverage
• Negative Sentiment: KeyCorp cut its FY2027 EPS forecast to a loss of $3.46 per share from $3.07, and lowered estimates for each quarter from Q4 2026 through Q4 2027. The broad revisions signal expectations for deeper losses ahead. Cogent Communications coverage
• Negative Sentiment: Citigroup cut its price target to $5.20 from $11.50 while maintaining a “neutral” rating. The new target was still above the cited $4.45 share price, but the substantial reduction reflects a less favorable valuation view. Citigroup recommendations

Cogent Communications Company Profile

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.