Key Points
- Insider sale: Cogent VP Henry Kilmer sold 2,400 shares at an average price of $9.21, reducing his ownership by 6.22% to 36,200 shares.
- Weak stock and financial performance: CCOI opened at $9.24, near its 52-week low of $8.60. Quarterly revenue fell 4.4% year over year, the company reported a negative net margin, and analysts expect a full-year loss.
- Investor concerns remain elevated: Analysts maintain a consensus “Hold” rating despite a $19.55 average price target, while securities-litigation allegations and related uncertainty continue to weigh on sentiment.
Cogent Communications Holdings, Inc. (NASDAQ:CCOI - Get Free Report) VP Henry Kilmer sold 2,400 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $9.21, for a total value of $22,104.00. Following the transaction, the vice president owned 36,200 shares of the company's stock, valued at $333,402. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cogent Communications Stock Performance
NASDAQ:CCOI opened at $9.24 on Wednesday. Cogent Communications Holdings, Inc. has a 52 week low of $8.60 and a 52 week high of $45.69. The firm's fifty day moving average is $11.05 and its 200-day moving average is $15.85. The firm has a market cap of $473.27 million, a P/E ratio of -9.62 and a beta of 0.77.
Cogent Communications (NASDAQ:CCOI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.00) by $2.38. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 4.73%.The company had revenue of $235.56 million for the quarter, compared to the consensus estimate of $239.55 million. During the same period in the previous year, the business earned ($1.21) EPS. The firm's revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cogent Communications Holdings, Inc. will post -3.01 earnings per share for the current year.
Cogent Communications Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 21st. Cogent Communications's dividend payout ratio is presently -8.33%.
Cogent Communications News Roundup
Here are the key news stories impacting Cogent Communications this week:
- Positive Sentiment: No new business, earnings, or operational developments were reported that would provide a clear positive catalyst for CCOI.
- Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026 is the deadline to seek lead-plaintiff status in a pending securities class action covering purchases from February 29, 2024, through May 1, 2026. The announcements are largely duplicative and do not represent separate lawsuits or new findings. Cogent Communications Deadline
- Negative Sentiment: The legal complaints reportedly focus on allegations that Cogent misrepresented its ability to convert the former Sprint voice network into a wavelength-optimized platform, including extended provisioning cycles and weakening demand or backlog. Investor notices also reference an alleged backlog collapse, a dividend reduction, and significant shareholder losses. These are allegations, not established facts, but the litigation creates legal, financial, and reputational uncertainty for the company. CCOI Shareholder Alert
- Negative Sentiment: Cogent Vice President Henry Kilmer sold 2,400 shares at an average price of $9.21, reducing his direct ownership by 6.22%. Although the transaction was relatively small, insider selling can add to investor caution when the stock is already weak. SEC Form 4 filing
- Negative Sentiment: Underlying financial concerns remain: recent quarterly revenue declined year over year, the company posted a negative net margin, and analysts expect a full-year loss. Together with the litigation headlines and insider sale, these factors likely explain the continued bearish tone surrounding CCOI.
Hedge Funds Weigh In On Cogent Communications
Several large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Cogent Communications during the 4th quarter worth approximately $28,000. Parallel Advisors LLC grew its holdings in shares of Cogent Communications by 208.6% in the first quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company's stock valued at $27,000 after acquiring an additional 968 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Cogent Communications by 313.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company's stock valued at $32,000 after acquiring an additional 1,127 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Cogent Communications during the second quarter worth $26,000. Finally, Nykredit A S bought a new stake in Cogent Communications during the second quarter worth $32,000. 92.45% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on CCOI shares. Wall Street Zen upgraded shares of Cogent Communications from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Wells Fargo & Company reduced their price target on shares of Cogent Communications from $18.00 to $14.00 and set an "equal weight" rating for the company in a report on Friday, August 7th. KeyCorp dropped their price objective on shares of Cogent Communications from $25.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. UBS Group set a $9.00 price objective on shares of Cogent Communications in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada reduced their target price on Cogent Communications from $18.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, August 13th. Three 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.55.
Check Out Our Latest Analysis on Cogent Communications
Cogent Communications Company Profile
(
Get Free Report)
Cogent Communications Holdings, Inc is a telecommunications company that provides high-speed Internet connectivity and other communications services to businesses, service providers and other organizations. Through its wholly owned subsidiary, Cogent Communications, the company operates a global, facilities-based network designed to deliver reliable data transport and Internet access.
Cogent's primary services include dedicated Internet access, IP transit, Ethernet transport and colocation.
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