Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Given Average Rating of “Hold” by Analysts

21 Jun 2026, 04:33 by Jessica Moore · The Cerbat Gem

Shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI – Get Free Report) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.90.

Several analysts recently commented on CCOI shares. TD Cowen cut their price objective on shares of Cogent Communications from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Citigroup cut their price objective on shares of Cogent Communications from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. UBS Group cut their price objective on shares of Cogent Communications from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada cut their price objective on shares of Cogent Communications from $22.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Williams Trading set a $40.00 price objective on shares of Cogent Communications in a research report on Monday, February 23rd.

Read Our Latest Stock Report on Cogent Communications

Cogent Communications Stock Performance

Shares of NASDAQ CCOI opened at $14.19 on Friday. Cogent Communications has a 12 month low of $14.13 and a 12 month high of $54.37. The firm has a market capitalization of $710.64 million, a PE ratio of -4.00 and a beta of 0.77. The firm has a fifty day simple moving average of $18.87 and a two-hundred day simple moving average of $20.81.

Cogent Communications (NASDAQ:CCOI – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The technology company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.20. The company had revenue of $239.19 million during the quarter, compared to analyst estimates of $241.31 million. Cogent Communications had a negative net margin of 17.53% and a negative return on equity of 842.48%. Cogent Communications’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned ($1.09) EPS. On average, sell-side analysts predict that Cogent Communications will post -4.25 earnings per share for the current year.

Cogent Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Cogent Communications’s dividend payout ratio is -2.25%.

Insider Activity

In related news, CFO Thaddeus Gerard Weed sold 4,850 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $16.79, for a total transaction of $81,431.50. Following the sale, the chief financial officer directly owned 197,900 shares of the company’s stock, valued at approximately $3,322,741. This represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Henry W. Kilmer sold 2,400 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $17.01, for a total transaction of $40,824.00. Following the sale, the vice president directly owned 38,600 shares in the company, valued at $656,586. This trade represents a 5.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Cogent Communications

A number of institutional investors have recently made changes to their positions in CCOI. Turtle Creek Asset Management Inc. boosted its holdings in shares of Cogent Communications by 64.9% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 4,603,933 shares of the technology company’s stock valued at $176,561,000 after acquiring an additional 1,811,222 shares during the last quarter. Park West Asset Management LLC purchased a new stake in shares of Cogent Communications during the 4th quarter valued at about $30,380,000. Bank of America Corp DE boosted its holdings in shares of Cogent Communications by 551.2% during the 3rd quarter. Bank of America Corp DE now owns 1,146,417 shares of the technology company’s stock valued at $43,965,000 after acquiring an additional 970,367 shares during the last quarter. MIG Capital LLC purchased a new stake in shares of Cogent Communications during the 4th quarter valued at about $12,272,000. Finally, First Trust Advisors LP boosted its holdings in shares of Cogent Communications by 86.8% during the 4th quarter. First Trust Advisors LP now owns 1,177,398 shares of the technology company’s stock valued at $25,385,000 after acquiring an additional 547,188 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About Cogent Communications

(Get Free Report)

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.