Cogent Communications Group VP Henry W. Kilmer Sells 1,250 Shares (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Henry W. Kilmer sold 1,250 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $32.88, for a total transaction of $41,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cogent Communications Group (NASDAQ:CCOI) opened at 33.70 on Thursday. Cogent Communications Group has a 52 week low of $30.25 and a 52 week high of $43.50. The stock’s 50-day moving average is $34.23 and its 200-day moving average is $35.83. The company has a market cap of $1.547 billion and a price-to-earnings ratio of 28.22.
Cogent Communications Group (NASDAQ:CCOI) last released its earnings data on Thursday, August 7th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.03. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $95.60 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Cogent Communications Group will post $0.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, August 27th. This is an increase from Cogent Communications Group’s previous quarterly dividend of $0.17.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cogent Communications Group in a research note on Monday, August 11th. They now have a $40.00 price target on the stock, down previously from $45.00. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.00.
Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.
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