Zacks Research Issues Optimistic Estimate for CCOI Earnings

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) – Equities research analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of Cogent Communications in a note issued to investors on Thursday, August 27th. Zacks Research analyst Team now expects that the technology company will post earnings of ($0.93) per share for the quarter, up from their previous forecast of ($0.94). The consensus estimate for Cogent Communications’ current full-year earnings is ($3.01) per share. Zacks Research also issued estimates for Cogent Communications’ Q4 2026 earnings at ($0.76) EPS, FY2026 earnings at ($3.32) EPS, Q1 2027 earnings at ($0.81) EPS, Q2 2027 earnings at ($0.80) EPS, Q3 2027 earnings at ($0.66) EPS, Q4 2027 earnings at ($0.73) EPS, FY2027 earnings at ($3.00) EPS, Q1 2028 earnings at ($0.69) EPS, Q2 2028 earnings at ($0.49) EPS and FY2028 earnings at ($2.22) EPS.

Cogent Communications (NASDAQ:CCOI) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of ($1.00) by $2.38. Cogent Communications had a negative net margin of 4.73% and a negative return on equity of 842.48%. The business had revenue of $235.56 million for the quarter, compared to analyst estimates of $239.55 million. During the same period in the prior year, the business posted ($1.21) earnings per share. Cogent Communications’s revenue was down 4.4% compared to the same quarter last year.

CCOI has been the topic of several other reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $9.00 price target (down from $22.00) on shares of Cogent Communications in a research report on Wednesday, August 19th. KeyCorp cut their target price on Cogent Communications from $25.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Royal Bank Of Canada reduced their target price on Cogent Communications from $18.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d)” rating on shares of Cogent Communications in a research report on Monday, August 17th. Finally, TD Cowen lowered their price target on Cogent Communications from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.55.

Cogent Communications Stock Performance

CCOI opened at $9.01 on Monday. The company has a fifty day moving average price of $11.75 and a two-hundred day moving average price of $16.82. The firm has a market capitalization of $461.49 million, a PE ratio of -9.39 and a beta of 0.77. Cogent Communications has a 52 week low of $8.88 and a 52 week high of $45.69.

Institutional Trading of Cogent Communications

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in Cogent Communications by 1,545.0% in the second quarter. California State Teachers Retirement System now owns 752,005 shares of the technology company’s stock valued at $10,438,000 after buying an additional 706,291 shares in the last quarter. Nykredit A S bought a new stake in shares of Cogent Communications during the second quarter worth $32,000. Newtyn Management LLC raised its holdings in shares of Cogent Communications by 3.5% during the second quarter. Newtyn Management LLC now owns 1,655,895 shares of the technology company’s stock worth $22,984,000 after acquiring an additional 55,895 shares during the period. BTG Pactual Asset Management US LLC bought a new stake in Cogent Communications in the 2nd quarter valued at $142,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Cogent Communications in the 2nd quarter valued at $26,000. 92.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Cogent Communications

In other Cogent Communications news, CFO Thaddeus Gerard Weed sold 4,850 shares of Cogent Communications stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $16.79, for a total transaction of $81,431.50. Following the transaction, the chief financial officer directly owned 197,900 shares in the company, valued at approximately $3,322,741. The trade was a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Henry W. Kilmer sold 2,400 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $17.01, for a total value of $40,824.00. Following the completion of the transaction, the vice president directly owned 38,600 shares of the company’s stock, valued at approximately $656,586. The trade was a 5.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.20% of the company’s stock.

Cogent Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Cogent Communications’s dividend payout ratio (DPR) is presently -8.33%.

More Cogent Communications News

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

• Positive Sentiment: Cogent announced that CEO Dave Schaeffer will present at three upcoming investor conferences, including the Goldman Sachs Communacopia + Technology Conference. These events could provide management an opportunity to address investor concerns and discuss the company’s outlook. Cogent Communications CEO to Present at Three Upcoming Conferences
• Neutral Sentiment: Zacks Research issued an optimistic outlook for Cogent’s earnings, offering a counterpoint to the recent legal and operating concerns. However, the available report details do not indicate a material change to estimates or company fundamentals. Zacks Research Issues Optimistic Outlook for CCOI Earnings
• Negative Sentiment: Multiple law firms, including Rosen, Pomerantz, Portnoy, Kaplan Fox, Hagens Berman and others, are publicizing a pending securities class action against Cogent. The proposed class covers investors who bought or acquired Cogent securities from February 29, 2024, through May 1, 2026, with a September 21, 2026 deadline to seek lead-plaintiff status. The unusually large number of notices increases visibility around the litigation and may weigh on investor confidence. Pomerantz Investor Alert
• Negative Sentiment: The lawsuits allege that Cogent failed to fully disclose issues involving wavelength demand and backlog, the sustainability of its dividend and risks related to insider share pledges or forced sales. Law firms state that the alleged disclosures preceded an approximately 29% stock decline during the relevant period. These are allegations, not proven findings, but potential litigation costs, damages and regulatory or governance concerns are negative catalysts. Cogent Securities Fraud Class Action Allegations

Cogent Communications Company Profile

Cogent Communications (NASDAQ:CCOI) is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent’s core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.

In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.